General Motors (NYSE:GM) Price Target Raised to $96.00 at Citigroup

General Motors (NYSE:GM - Free Report) TSE: GMM.U had its price objective raised by Citigroup from $95.00 to $96.00 in a research note released on Wednesday morning, Benzinga reports. They currently have a buy rating on the auto manufacturer's stock.

A number of other research firms have also recently commented on GM. Morgan Stanley boosted their target price on shares of General Motors from $43.00 to $46.00 and gave the stock an overweight rating in a research report on Wednesday, April 10th. UBS Group upped their price target on shares of General Motors from $56.00 to $58.00 and gave the stock a buy rating in a research report on Wednesday. TheStreet upgraded shares of General Motors from a c+ rating to a b- rating in a research report on Tuesday, March 19th. The Goldman Sachs Group upped their price objective on shares of General Motors from $45.00 to $50.00 and gave the stock a buy rating in a report on Wednesday, January 31st. Finally, Piper Sandler upped their price target on shares of General Motors from $44.00 to $45.00 and gave the company a neutral rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $54.35.

General Motors Trading Down 0.1 %

Shares of GM traded down $0.03 during mid-day trading on Wednesday, hitting $45.07. The company had a trading volume of 15,003,029 shares, compared to its average volume of 17,557,127. The business's 50-day simple moving average is $42.00 and its 200-day simple moving average is $36.12. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of 1.21. General Motors has a 1-year low of $26.30 and a 1-year high of $46.04. The stock has a market cap of $52.03 billion, a PE ratio of 6.17, a P/E/G ratio of 0.51 and a beta of 1.51.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.60. General Motors had a net margin of 5.89% and a return on equity of 14.34%. The business had revenue of $43.01 billion for the quarter, compared to analysts' expectations of $41.09 billion. During the same period last year, the company earned $2.21 earnings per share. The company's quarterly revenue was up 7.6% on a year-over-year basis. Sell-side analysts forecast that General Motors will post 9.12 earnings per share for the current year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.07%. General Motors's dividend payout ratio is currently 6.57%.

Insider Buying and Selling

In other General Motors news, EVP Julian G. Blissett sold 13,826 shares of the company's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total transaction of $528,706.24. Following the completion of the sale, the executive vice president now owns 87,567 shares of the company's stock, valued at $3,348,562.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other General Motors news, EVP Julian G. Blissett sold 13,826 shares of the company's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total transaction of $528,706.24. Following the completion of the sale, the executive vice president now owns 87,567 shares of the company's stock, valued at $3,348,562.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gerald Johnson sold 27,122 shares of the company's stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $45.26, for a total value of $1,227,541.72. Following the sale, the executive vice president now directly owns 71,506 shares of the company's stock, valued at approximately $3,236,361.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,248 shares of company stock worth $3,614,078. Insiders own 0.54% of the company's stock.

Institutional Investors Weigh In On General Motors

Hedge funds have recently modified their holdings of the business. SouthState Corp lifted its position in General Motors by 173.8% in the third quarter. SouthState Corp now owns 764 shares of the auto manufacturer's stock worth $25,000 after purchasing an additional 485 shares during the period. Highlander Capital Management LLC bought a new position in General Motors in the fourth quarter worth $27,000. Cape Investment Advisory Inc. lifted its position in General Motors by 75.9% in the fourth quarter. Cape Investment Advisory Inc. now owns 832 shares of the auto manufacturer's stock worth $30,000 after purchasing an additional 359 shares during the period. BluePath Capital Management LLC bought a new position in General Motors in the third quarter worth $33,000. Finally, Sachetta LLC bought a new position in General Motors in the fourth quarter worth $33,000. 92.67% of the stock is owned by institutional investors.

General Motors Company Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.