General Motors (NYSE:GM) Stock Price Up 0.8%

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U shares traded up 0.8% during trading on Monday . The stock traded as high as $45.54 and last traded at $45.23. 3,762,168 shares changed hands during trading, a decline of 78% from the average session volume of 17,027,994 shares. The stock had previously closed at $44.86.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. 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. Tigress Financial boosted their target price on General Motors from $86.00 to $88.00 and gave the company a "strong-buy" rating in a report on Thursday, February 15th. Redburn Atlantic assumed coverage on General Motors in a research note on Wednesday, January 24th. They set a "neutral" rating and a $40.00 price target on the stock. Royal Bank of Canada boosted their price objective on General Motors from $54.00 to $56.00 and gave the company an "overweight" rating in a research note on Tuesday, April 23rd. Finally, Sanford C. Bernstein began coverage on shares of General Motors in a report on Thursday, April 25th. They issued an "outperform" rating and a $55.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, General Motors has a consensus rating of "Moderate Buy" and a consensus target price of $54.65.

General Motors Stock Up 0.4 %

The company has a market capitalization of $51.41 billion, a price-to-earnings ratio of 5.53, a P/E/G ratio of 0.53 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 firm has a 50 day moving average price of $42.84 and a two-hundred day moving average price of $36.89.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share 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 during the quarter, compared to analyst estimates of $41.09 billion. During the same period last year, the business earned $2.21 EPS. The firm's revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, sell-side analysts expect that General Motors will post 9.44 earnings per share for the current year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors 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 yield of 1.07%. General Motors's dividend payout ratio is currently 5.87%.

Insider Buying and Selling

In related news, CAO Christopher Hatto sold 15,510 shares of the business's stock in a transaction that occurred on Monday, February 26th. The shares were 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 Securities & Exchange Commission, which can be accessed through the SEC website. In other General Motors news, EVP Gerald Johnson sold 27,122 shares of General Motors 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 transaction, the executive vice president now directly owns 71,506 shares in the company, valued at approximately $3,236,361.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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. Insiders sold 86,248 shares of company stock valued at $3,614,078 in the last three months. 0.72% of the stock is currently owned by corporate insiders.

Institutional Trading of General Motors

Hedge funds and other institutional investors have recently modified their holdings of the company. LifeSteps Financial Inc. bought a new position in shares of General Motors in the 1st quarter valued at approximately $25,000. YHB Investment Advisors Inc. bought a new position in General Motors during the first quarter worth $32,000. Highlander Capital Management LLC acquired a new position in General Motors during the 4th quarter valued at $27,000. SouthState Corp increased its holdings in shares of General Motors by 173.8% during the 3rd 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. Finally, Riverview Trust Co acquired a new position in shares of General Motors during the first quarter valued at about $38,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.