General Motors (NYSE:GM) Shares Up 1.1%

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U's stock price shot up 1.1% during mid-day trading on Thursday . The company traded as high as $45.15 and last traded at $44.94. 4,031,410 shares traded hands during trading, a decline of 77% from the average session volume of 17,156,105 shares. The stock had previously closed at $44.47.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. The Goldman Sachs Group raised their price objective on General Motors from $45.00 to $50.00 and gave the company a "buy" rating in a report on Wednesday, January 31st. Mizuho lifted their price objective on General Motors from $48.00 to $52.00 and gave the company a "buy" rating in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft boosted their target price on General Motors from $44.00 to $50.00 and gave the stock a "hold" rating in a research note on Tuesday, April 23rd. Wells Fargo & Company lifted their price target on General Motors from $28.00 to $30.00 and gave the stock an "underweight" rating in a research report on Wednesday, April 24th. Finally, Piper Sandler boosted their target price on General Motors from $44.00 to $45.00 and gave the company a "neutral" rating in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, General Motors has a consensus rating of "Moderate Buy" and an average target price of $54.65.

General Motors Price Performance

The company has a market capitalization of $50.97 billion, a price-to-earnings ratio of 5.46, a price-to-earnings-growth ratio of 0.52 and a beta of 1.49. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 1.22. The company has a 50 day simple moving average of $42.74 and a 200 day simple moving average of $36.69.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.60. The firm had revenue of $43.01 billion during the quarter, compared to the consensus estimate of $41.09 billion. General Motors had a return on equity of 14.40% and a net margin of 6.13%. General Motors's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.21 earnings per share. As a group, research analysts predict that General Motors will post 9.44 EPS for the current year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Friday, June 7th. General Motors's dividend payout ratio is presently 5.87%.

Insider Buying and Selling

In related news, CAO Christopher Hatto sold 15,510 shares of the firm's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $40.02, for a total value of $620,710.20. Following the sale, the chief accounting officer now directly owns 21,507 shares in the company, valued at approximately $860,710.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Gerald Johnson sold 15,190 shares of the firm's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $40.03, for a total value of $608,055.70. Following the completion of the sale, the executive vice president now owns 98,628 shares of the company's stock, valued at $3,948,078.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Christopher Hatto sold 15,510 shares of the firm's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $40.02, for a total value of $620,710.20. Following the completion of the sale, the chief accounting officer now directly owns 21,507 shares of the company's stock, valued at approximately $860,710.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 86,248 shares of company stock valued at $3,614,078. Insiders own 0.54% of the company's stock.

Institutional Trading of General Motors

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of General Motors by 1.4% in the third quarter. Vanguard Group Inc. now owns 111,460,756 shares of the auto manufacturer's stock worth $3,674,861,000 after purchasing an additional 1,580,681 shares during the period. Putnam Investments LLC boosted its holdings in shares of General Motors by 16.8% in the 4th quarter. Putnam Investments LLC now owns 20,237,820 shares of the auto manufacturer's stock worth $726,942,000 after acquiring an additional 2,905,689 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in General Motors by 21.9% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 18,097,486 shares of the auto manufacturer's stock worth $650,062,000 after buying an additional 3,247,050 shares in the last quarter. Norges Bank acquired a new position in General Motors during the 4th quarter worth $602,280,000. Finally, Morgan Stanley raised its position in shares of General Motors by 1.3% during the 3rd quarter. Morgan Stanley now owns 15,212,672 shares of the auto manufacturer's stock valued at $501,562,000 after acquiring an additional 201,080 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

About General Motors

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.