Barclays Boosts General Motors (NYSE:GM) Price Target to $60.00

General Motors (NYSE:GM - Free Report) TSE: GMM.U had its target price upped by Barclays from $55.00 to $60.00 in a report published on Friday, Benzinga reports. They currently have an overweight rating on the auto manufacturer's stock.

GM has been the subject of several other reports. Sanford C. Bernstein initiated coverage on shares of General Motors in a report on Thursday. They set an outperform rating and a $55.00 price objective for the company. Wedbush raised their price objective on shares of General Motors from $45.00 to $55.00 and gave the stock an outperform rating in a report on Wednesday. Morgan Stanley raised their price objective on shares of General Motors from $43.00 to $46.00 and gave the stock an overweight rating in a report on Wednesday, April 10th. Wells Fargo & Company lifted their price target on shares of General Motors from $28.00 to $30.00 and gave the company an underweight rating in a report on Wednesday. Finally, TheStreet raised shares of General Motors from a c+ rating to a b- rating in a report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, General Motors presently has a consensus rating of Moderate Buy and a consensus price target of $54.65.

General Motors Stock Up 0.4 %

General Motors stock traded up $0.20 during midday trading on Friday, hitting $45.82. 12,149,767 shares of the stock were exchanged, compared to its average volume of 17,458,105. General Motors has a 1 year low of $26.30 and a 1 year high of $46.17. The firm has a market cap of $52.28 billion, a P/E ratio of 5.60, a P/E/G ratio of 0.52 and a beta of 1.51. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.16 and a quick ratio of 0.90. The company has a 50 day moving average price of $42.27 and a two-hundred day moving average price of $36.29.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly 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 6.13% and a return on equity of 14.40%. The firm had revenue of $43.01 billion for the quarter, compared to the consensus estimate of $41.09 billion. During the same quarter in the previous year, the firm posted $2.21 EPS. The firm's quarterly revenue was up 7.6% on a year-over-year basis. On average, sell-side analysts predict that General Motors will post 9.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, June 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.05%. General Motors's dividend payout ratio (DPR) is 5.87%.

Insiders Place Their Bets

In related news, EVP Rory Harvey sold 5,100 shares of the business's stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $43.04, for a total value of $219,504.00. Following the sale, the executive vice president now directly owns 12,658 shares in the company, valued at approximately $544,800.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Rory Harvey sold 5,100 shares of the business's stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $43.04, for a total value of $219,504.00. Following the sale, the executive vice president now directly owns 12,658 shares in the company, valued at approximately $544,800.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gerald Johnson sold 27,122 shares of the business's stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $45.26, for a total transaction of $1,227,541.72. Following the sale, the executive vice president now owns 71,506 shares in the company, valued at approximately $3,236,361.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 86,248 shares of company stock worth $3,614,078. 0.54% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Unison Advisors LLC grew its position in General Motors by 0.4% during the first quarter. Unison Advisors LLC now owns 67,196 shares of the auto manufacturer's stock valued at $3,047,000 after purchasing an additional 246 shares in the last quarter. Janiczek Wealth Management LLC grew its position in General Motors by 5.2% in the first quarter. Janiczek Wealth Management LLC now owns 5,063 shares of the auto manufacturer's stock worth $230,000 after acquiring an additional 248 shares in the last quarter. FinTrust Capital Advisors LLC grew its position in General Motors by 2.5% in the fourth quarter. FinTrust Capital Advisors LLC now owns 11,113 shares of the auto manufacturer's stock worth $399,000 after acquiring an additional 268 shares in the last quarter. Summit Financial LLC boosted its holdings in shares of General Motors by 4.3% during the 4th quarter. Summit Financial LLC now owns 6,662 shares of the auto manufacturer's stock worth $239,000 after buying an additional 273 shares during the period. Finally, Sutton Place Investors LLC boosted its holdings in shares of General Motors by 1.7% during the 1st quarter. Sutton Place Investors LLC now owns 17,236 shares of the auto manufacturer's stock worth $782,000 after buying an additional 280 shares during the period. 92.67% of the stock is owned by hedge funds and other 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.