General Motors (NYSE:GM) Trading 1.3% Higher

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U's share price shot up 1.3% during trading on Monday . The company traded as high as $45.98 and last traded at $45.79. 2,871,768 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 16,571,002 shares. The stock had previously closed at $45.21.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on GM shares. Tigress Financial raised their price target 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. StockNews.com upgraded General Motors from a "hold" rating to a "buy" rating in a report on Thursday, April 25th. The Goldman Sachs Group raised their price objective on General Motors from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Wednesday, January 31st. Royal Bank of Canada upped their target price on General Motors from $54.00 to $56.00 and gave the company an "overweight" rating in a research report on Tuesday, April 23rd. Finally, Wedbush raised their price target on General Motors from $45.00 to $55.00 and gave the stock an "outperform" rating in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $54.65.

General Motors Stock Down 0.1 %

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 market capitalization of $51.53 billion, a price-to-earnings ratio of 5.54, a P/E/G ratio of 0.53 and a beta of 1.49. The business's 50-day moving average is $43.31 and its 200-day moving average is $37.45.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings data on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.60. The business had revenue of $43.01 billion during the quarter, compared to analysts' expectations of $41.09 billion. General Motors had a return on equity of 14.40% and a net margin of 6.13%. The company's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.21 EPS. As a group, equities analysts predict that General Motors will post 9.4 earnings per share for the current year.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, June 7th. General Motors's dividend payout ratio (DPR) is 5.87%.

Insider Activity at General Motors

In other General Motors news, EVP Gerald Johnson sold 27,122 shares of General Motors stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $45.26, for a total value 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 $3,236,361.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other General Motors news, CAO Christopher Hatto sold 15,510 shares of General Motors stock in a transaction on Monday, February 26th. The shares were sold at an average price of $40.02, for a total transaction of $620,710.20. Following the sale, the chief accounting officer now owns 21,507 shares of the company's stock, valued at approximately $860,710.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Gerald Johnson sold 27,122 shares of the firm's stock in a transaction dated Thursday, March 28th. The stock was 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 directly owns 71,506 shares in the company, valued at $3,236,361.56. The disclosure for this sale can be found here. Insiders sold a total of 86,248 shares of company stock worth $3,614,078 in the last three months. Company insiders own 0.72% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Handelsbanken Fonder AB increased its holdings in General Motors by 18.5% in the 4th quarter. Handelsbanken Fonder AB now owns 475,061 shares of the auto manufacturer's stock valued at $17,064,000 after purchasing an additional 74,194 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of General Motors by 361.1% in the 4th quarter. Cerity Partners LLC now owns 119,714 shares of the auto manufacturer's stock valued at $4,300,000 after buying an additional 93,754 shares during the period. Foundry Partners LLC lifted its stake in General Motors by 15.0% during the 3rd quarter. Foundry Partners LLC now owns 394,047 shares of the auto manufacturer's stock worth $12,992,000 after acquiring an additional 51,336 shares in the last quarter. Public Sector Pension Investment Board grew its position in General Motors by 10.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 147,383 shares of the auto manufacturer's stock valued at $4,859,000 after acquiring an additional 14,002 shares in the last quarter. Finally, AM Squared Ltd increased its stake in General Motors by 195.0% during the fourth quarter. AM Squared Ltd now owns 41,300 shares of the auto manufacturer's stock worth $1,483,000 after purchasing an additional 27,300 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.

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