General Motors (NYSE:GM) Shares Up 0.1% After Analyst Upgrade

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U was up 0.1% during trading on Thursday after Citigroup raised their price target on the stock from $95.00 to $96.00. Citigroup currently has a buy rating on the stock. General Motors traded as high as $45.35 and last traded at $45.12. Approximately 4,548,689 shares were traded during trading, a decline of 74% from the average daily volume of 17,389,449 shares. The stock had previously closed at $45.08.

Several other research analysts have also recently issued reports on the stock. Tigress Financial upped their target price on shares of General Motors from $86.00 to $88.00 and gave the company a "strong-buy" rating in a report on Thursday, February 15th. UBS Group upped their target price on shares of General Motors from $56.00 to $58.00 and gave the company a "buy" rating in a report on Wednesday. The Goldman Sachs Group upped their target price on shares of General Motors from $45.00 to $50.00 and gave the company a "buy" rating in a report on Wednesday, January 31st. Barclays upped their price target on shares of General Motors from $50.00 to $55.00 and gave the company an "overweight" rating in a research report on Thursday, April 11th. Finally, Royal Bank of Canada upped their price target on shares of General Motors from $54.00 to $56.00 and gave the company an "overweight" rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, General Motors currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.38.

Insiders Place Their Bets

In other news, CAO Christopher Hatto sold 15,510 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $40.02, for a total value of $620,710.20. Following the completion of the transaction, the chief accounting officer now owns 21,507 shares in the company, valued at approximately $860,710.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Christopher Hatto sold 15,510 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $40.02, for a total value of $620,710.20. Following the completion of the transaction, the chief accounting officer now owns 21,507 shares in the company, valued at approximately $860,710.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Gerald Johnson sold 27,122 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now 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. In the last quarter, insiders sold 86,248 shares of company stock worth $3,614,078. 0.54% of the stock is owned by insiders.

Hedge Funds Weigh In On General Motors

A number of large investors have recently made changes to their positions in the stock. Unison Advisors LLC grew its stake in General Motors by 0.4% in the 1st quarter. Unison Advisors LLC now owns 67,196 shares of the auto manufacturer's stock valued at $3,047,000 after acquiring an additional 246 shares during the last quarter. Janiczek Wealth Management LLC grew its stake in General Motors by 5.2% in the 1st quarter. Janiczek Wealth Management LLC now owns 5,063 shares of the auto manufacturer's stock valued at $230,000 after acquiring an additional 248 shares during the last quarter. FinTrust Capital Advisors LLC grew its stake in General Motors by 2.5% in the 4th quarter. FinTrust Capital Advisors LLC now owns 11,113 shares of the auto manufacturer's stock valued at $399,000 after acquiring an additional 268 shares during the last quarter. Summit Financial LLC grew its stake in General Motors by 4.3% in the 4th quarter. Summit Financial LLC now owns 6,662 shares of the auto manufacturer's stock valued at $239,000 after acquiring an additional 273 shares during the last quarter. Finally, Sutton Place Investors LLC grew its stake in General Motors by 1.7% in the 1st quarter. Sutton Place Investors LLC now owns 17,236 shares of the auto manufacturer's stock valued at $782,000 after acquiring an additional 280 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Price Performance

The company has a market capitalization of $52.67 billion, a price-to-earnings ratio of 5.52, a PEG ratio of 0.53 and a beta of 1.51. The company's 50 day simple moving average is $42.00 and its 200-day simple moving average is $36.12. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 1.22.

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 company 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 EPS. The firm's revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities research analysts predict that General Motors will post 9.26 earnings per share for the current fiscal year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 annualized dividend and a dividend yield of 1.05%. General Motors's dividend payout ratio is presently 5.87%.

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.