PFG Investments LLC Makes New Investment in General Motors (NYSE:GM)

PFG Investments LLC bought a new position in General Motors (NYSE:GM - Free Report) TSE: GMM.U during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 17,303 shares of the auto manufacturer's stock, valued at approximately $785,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Handelsbanken Fonder AB increased its stake in General Motors by 18.5% in the fourth quarter. Handelsbanken Fonder AB now owns 475,061 shares of the auto manufacturer's stock worth $17,064,000 after purchasing an additional 74,194 shares during the period. Cerity Partners LLC increased its stake in shares of General Motors by 361.1% during the fourth 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 increased its stake in shares of General Motors by 15.0% during the third quarter. Foundry Partners LLC now owns 394,047 shares of the auto manufacturer's stock valued at $12,992,000 after buying an additional 51,336 shares during the period. Public Sector Pension Investment Board increased its stake in shares of General Motors by 10.5% during the third quarter. Public Sector Pension Investment Board now owns 147,383 shares of the auto manufacturer's stock valued at $4,859,000 after buying an additional 14,002 shares during the period. Finally, AM Squared Ltd increased its stake in shares of General Motors by 195.0% during the fourth quarter. AM Squared Ltd now owns 41,300 shares of the auto manufacturer's stock valued at $1,483,000 after buying an additional 27,300 shares during the period. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Stock Up 0.5 %

NYSE GM traded up $0.22 during trading on Friday, hitting $45.84. The company's stock had a trading volume of 12,153,282 shares, compared to its average volume of 13,652,336. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.16 and a quick ratio of 0.90. The company has a market cap of $52.30 billion, a PE ratio of 5.60, a P/E/G ratio of 0.53 and a beta of 1.51. The business's 50 day simple moving average is $42.27 and its 200-day simple moving average is $36.36. General Motors has a fifty-two week low of $26.30 and a fifty-two week high of $46.17.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 EPS for the quarter, topping analysts' consensus estimates of $2.02 by $0.60. General Motors had a return on equity of 14.40% and a net margin of 6.13%. The firm had revenue of $43.01 billion during the quarter, compared to the consensus estimate of $41.09 billion. During the same quarter in the previous year, the company posted $2.21 earnings per share. The company's revenue was up 7.6% compared to the same quarter last year. On average, equities analysts anticipate that General Motors will post 9.45 EPS for the current fiscal year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors 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 dividend yield of 1.05%. The ex-dividend date is Friday, June 7th. General Motors's dividend payout ratio (DPR) is 5.87%.

Analysts Set New Price Targets

Several brokerages have recently commented on GM. Wedbush raised their price target on General Motors from $45.00 to $55.00 and gave the company an "outperform" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised their price target on General Motors from $44.00 to $50.00 and gave the company a "hold" rating in a research note on Tuesday, April 23rd. 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 research report on Wednesday, January 31st. TheStreet raised General Motors from a "c+" rating to a "b-" rating in a research report on Tuesday, March 19th. Finally, Tigress Financial raised their price objective on General Motors from $86.00 to $88.00 and gave the company a "strong-buy" rating in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $54.65.

Insider Buying and Selling

In related news, EVP Gerald Johnson sold 27,122 shares of General Motors 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 sale, 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 is available at the SEC website. In related news, CAO Christopher Hatto sold 3,500 shares of General Motors stock in a transaction that occurred on 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 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. Insiders sold 86,248 shares of company stock valued at $3,614,078 over the last quarter. 0.54% of the stock is currently owned by company insiders.

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.

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