General Motors (NYSE:GM) PT Raised to $50.00 at Deutsche Bank Aktiengesellschaft

General Motors (NYSE:GM) (TSE:GMM.U) had its target price increased by Deutsche Bank Aktiengesellschaft from $44.00 to $50.00 in a report published on Tuesday. Deutsche Bank Aktiengesellschaft currently has a hold rating on the auto manufacturer’s stock.

Several other research analysts also recently issued reports on the stock. TheStreet raised shares of General Motors from a c+ rating to a b- rating in a research report on Tuesday, March 19th. Piper Sandler assumed coverage on shares of General Motors in a research report on Friday, March 15th. They set a neutral rating and a $44.00 price objective on the stock. Redburn Atlantic assumed coverage on shares of General Motors in a research report on Wednesday, January 24th. They set a neutral rating and a $40.00 price objective on the stock. Tigress Financial raised their price objective on shares of General Motors from $86.00 to $88.00 and gave the stock a strong-buy rating in a research report on Thursday, February 15th. Finally, The Goldman Sachs Group raised their price objective on shares of General Motors from $45.00 to $50.00 and gave the stock a buy rating in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, General Motors has an average rating of Moderate Buy and an average target price of $54.65.

General Motors Price Performance

Shares of NYSE:GM opened at $45.82 on Tuesday. The company’s fifty day moving average price is $42.27 and its 200 day moving average price is $36.29. General Motors has a 12 month low of $26.30 and a 12 month high of $46.17. 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 firm has a market capitalization of $52.28 billion, a P/E ratio of 5.60, a P/E/G ratio of 0.52 and a beta of 1.51.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 EPS 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 firm had revenue of $43.01 billion for the quarter, compared to analyst estimates of $41.09 billion. During the same period last year, the business earned $2.21 EPS. General Motors’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, sell-side analysts predict that General Motors will post 9.44 earnings per share for the current fiscal 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 issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Friday, June 7th. General Motors’s dividend payout ratio is currently 5.87%.

Insider Buying and Selling

In related news, EVP Gerald Johnson sold 27,122 shares of the business’s stock in a transaction dated 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 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 legal filing with the SEC, which can be accessed through this link. In other General Motors news, CAO Christopher Hatto sold 3,500 shares of General Motors stock in a transaction dated Thursday, March 28th. The shares were 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 owns 12,007 shares in the company, valued at $540,315. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the executive vice president now owns 71,506 shares of the company’s stock, valued at approximately $3,236,361.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 86,248 shares of company stock valued at $3,614,078. Corporate insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On General Motors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Unison Advisors LLC raised its position in shares of General Motors by 0.4% in the first quarter. Unison Advisors LLC now owns 67,196 shares of the auto manufacturer’s stock valued at $3,047,000 after buying an additional 246 shares during the last quarter. Janiczek Wealth Management LLC raised its position in shares of General Motors by 5.2% in the first quarter. Janiczek Wealth Management LLC now owns 5,063 shares of the auto manufacturer’s stock valued at $230,000 after buying an additional 248 shares during the last quarter. FinTrust Capital Advisors LLC raised its position in shares of General Motors by 2.5% in the fourth quarter. FinTrust Capital Advisors LLC now owns 11,113 shares of the auto manufacturer’s stock valued at $399,000 after buying an additional 268 shares during the last quarter. Summit Financial LLC raised its position in shares of General Motors by 4.3% in the fourth quarter. Summit Financial LLC now owns 6,662 shares of the auto manufacturer’s stock valued at $239,000 after buying an additional 273 shares during the last quarter. Finally, Sutton Place Investors LLC raised its position in shares of General Motors by 1.7% in the first quarter. Sutton Place Investors LLC now owns 17,236 shares of the auto manufacturer’s stock valued at $782,000 after buying an additional 280 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

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.