National Pension Service Boosts Stock Position in General Motors (NYSE:GM)

National Pension Service boosted its holdings in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,043,763 shares of the auto manufacturer's stock after purchasing an additional 57,229 shares during the quarter. National Pension Service owned about 0.26% of General Motors worth $109,332,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of GM. Acadian Asset Management LLC raised its position in shares of General Motors by 454.3% during the 3rd quarter. Acadian Asset Management LLC now owns 5,216,283 shares of the auto manufacturer's stock valued at $171,961,000 after buying an additional 4,275,293 shares in the last quarter. AQR Capital Management LLC raised its position in General Motors by 32.6% during the third quarter. AQR Capital Management LLC now owns 8,326,682 shares of the auto manufacturer's stock valued at $274,531,000 after purchasing an additional 2,049,412 shares during the period. Vanguard Group Inc. lifted its stake in shares of General Motors by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 111,460,756 shares of the auto manufacturer's stock valued at $3,674,861,000 after purchasing an additional 1,580,681 shares during the last quarter. EP Wealth Advisors LLC boosted its holdings in shares of General Motors by 518.4% in the 3rd quarter. EP Wealth Advisors LLC now owns 1,274,574 shares of the auto manufacturer's stock worth $42,023,000 after purchasing an additional 1,068,474 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in shares of General Motors by 175.2% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,615,483 shares of the auto manufacturer's stock valued at $53,262,000 after purchasing an additional 1,028,508 shares during the last quarter. Institutional investors own 92.67% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on GM shares. Piper Sandler raised their price target on General Motors from $44.00 to $45.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 24th. Redburn Atlantic started coverage on shares of General Motors in a research note on Wednesday, January 24th. They issued a "neutral" rating and a $40.00 price target on the stock. The Goldman Sachs Group boosted their price objective on shares of General Motors from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Wednesday, January 31st. StockNews.com raised shares of General Motors from a "hold" rating to a "buy" rating in a research report on Thursday, April 25th. Finally, Wells Fargo & Company boosted their price target on General Motors from $28.00 to $30.00 and gave the company an "underweight" 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $54.65.

General Motors Stock Down 0.5 %

Shares of NYSE:GM traded down $0.23 during trading on Wednesday, reaching $45.06. The stock had a trading volume of 7,560,657 shares, compared to its average volume of 16,908,910. The firm's 50-day simple moving average is $43.05 and its 200 day simple moving average is $37.11. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 1.22. General Motors has a one year low of $26.30 and a one year high of $46.17. The company has a market capitalization of $51.41 billion, a P/E ratio of 5.51, a PEG ratio of 0.53 and a beta of 1.49.

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

General Motors Dividend Announcement

The firm also recently declared 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 1.07%. The ex-dividend date is Friday, June 7th. General Motors's dividend payout ratio (DPR) is presently 5.87%.

Insiders Place Their Bets

In other General Motors news, CAO Christopher Hatto sold 15,510 shares of the company'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 transaction of $620,710.20. Following the transaction, the chief accounting officer now owns 21,507 shares in the company, valued at approximately $860,710.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other General Motors news, CAO Christopher Hatto sold 15,510 shares of the business's stock in a transaction dated Monday, February 26th. The stock was 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 in the company, valued at approximately $860,710.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Gerald Johnson sold 15,190 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $40.03, for a total value of $608,055.70. Following the completion of the transaction, the executive vice president now directly owns 98,628 shares in the company, valued at $3,948,078.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,248 shares of company stock valued at $3,614,078. 0.72% of the stock is currently owned by corporate 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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