Federated Hermes Inc. Acquires 78,938 Shares of General Motors (NYSE:GM)

Federated Hermes Inc. raised its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 12.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 730,029 shares of the auto manufacturer's stock after buying an additional 78,938 shares during the quarter. Federated Hermes Inc. owned 0.05% of General Motors worth $26,223,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pacifica Partners Inc. grew its holdings in shares of General Motors by 10.1% during the 4th quarter. Pacifica Partners Inc. now owns 3,288 shares of the auto manufacturer's stock worth $107,000 after purchasing an additional 301 shares in the last quarter. Cornerstone Wealth Management LLC grew its holdings in shares of General Motors by 6.6% during the 4th quarter. Cornerstone Wealth Management LLC now owns 6,481 shares of the auto manufacturer's stock worth $233,000 after purchasing an additional 404 shares in the last quarter. CX Institutional grew its holdings in shares of General Motors by 4.2% during the 3rd quarter. CX Institutional now owns 10,675 shares of the auto manufacturer's stock worth $352,000 after purchasing an additional 431 shares in the last quarter. Graypoint LLC boosted its stake in General Motors by 2.8% in the 4th quarter. Graypoint LLC now owns 16,397 shares of the auto manufacturer's stock valued at $589,000 after buying an additional 447 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC boosted its stake in General Motors by 12.5% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 4,119 shares of the auto manufacturer's stock valued at $148,000 after buying an additional 458 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Trading Up 2.1 %

NYSE GM traded up $0.88 on Monday, reaching $43.25. The company had a trading volume of 21,293,516 shares, compared to its average volume of 17,444,668. The stock's 50 day moving average is $41.65 and its 200-day moving average is $35.87. The stock has a market cap of $49.93 billion, a price-to-earnings ratio of 5.80, a PEG ratio of 0.50 and a beta of 1.51. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of 1.21. General Motors has a 52 week low of $26.30 and a 52 week high of $46.04.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, January 30th. The auto manufacturer reported $1.24 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.08. The business had revenue of $42.98 billion during the quarter, compared to the consensus estimate of $38.81 billion. General Motors had a return on equity of 14.34% and a net margin of 5.89%. The firm's revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.12 earnings per share. Equities analysts predict that General Motors will post 9.12 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Friday, June 7th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.11%. General Motors's payout ratio is 6.57%.

Analysts Set New Price Targets

Several analysts recently commented on GM shares. Royal Bank of Canada boosted their price target on General Motors from $52.00 to $54.00 and gave the company an "outperform" rating in a research note on Wednesday, January 31st. Mizuho boosted their price target on General Motors from $44.00 to $48.00 and gave the company a "buy" rating in a research note on Monday, March 25th. Redburn Atlantic initiated coverage on General Motors in a research report on Wednesday, January 24th. They issued a "neutral" rating and a $40.00 price objective for the company. Morgan Stanley lifted their price objective on General Motors from $43.00 to $46.00 and gave the company an "overweight" rating in a research report on Wednesday, April 10th. Finally, TheStreet upgraded General Motors from a "c+" rating to a "b-" rating in a research report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $51.57.

Insider Buying and Selling at General Motors

In other General Motors news, EVP Gerald Johnson sold 27,122 shares of the business's stock in a transaction dated Thursday, March 28th. The stock was 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 directly owns 71,506 shares of the company's stock, valued at $3,236,361.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CAO Christopher Hatto sold 3,500 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $45.00, for a total transaction of $157,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 12,007 shares in the company, valued at $540,315. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Gerald Johnson sold 27,122 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $45.26, for a total value of $1,227,541.72. Following the transaction, the executive vice president now owns 71,506 shares of the company's stock, valued at $3,236,361.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 86,248 shares of company stock valued at $3,614,078. Company insiders own 0.54% of the company's stock.

General Motors 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.