General Motors (NYSE:GM) Trading 0.8% Higher

General Motors (NYSE:GM) (TSE:GMM.U) rose 0.8% on Monday . The stock traded as high as $45.54 and last traded at $45.23. Approximately 3,762,168 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 17,027,994 shares. The stock had previously closed at $44.86.

Analysts Set New Price Targets

GM has been the subject of a number of recent research reports. Citigroup boosted their price objective on General Motors from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Royal Bank of Canada increased their price target on General Motors from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, April 23rd. TheStreet raised shares of General Motors from a “c+” rating to a “b-” rating in a report on Tuesday, March 19th. Tigress Financial increased their target price 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. Finally, StockNews.com upgraded shares of General Motors from a “hold” rating to a “buy” rating in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $54.65.

General Motors Trading Up 0.4 %

The firm has a 50-day simple moving average of $42.84 and a 200-day simple moving average of $36.89. 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 stock has a market cap of $51.41 billion, a PE ratio of 5.53, a P/E/G ratio of 0.53 and a beta of 1.49.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.60. General Motors had a net margin of 6.13% and a return on equity of 14.40%. The business had revenue of $43.01 billion for the quarter, compared to analyst estimates of $41.09 billion. During the same quarter in the prior year, the firm posted $2.21 EPS. General Motors’s revenue was up 7.6% on a year-over-year basis. Equities analysts forecast that General Motors will post 9.44 earnings per share for the current year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Friday, June 7th. General Motors’s payout ratio is 5.87%.

Insider Buying and Selling at General Motors

In other General Motors news, EVP Rory Harvey sold 5,100 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $43.04, for a total value of $219,504.00. Following the completion of the transaction, the executive vice president now owns 12,658 shares of the company’s stock, valued at approximately $544,800.32. The transaction was disclosed in a filing with the SEC, which is available through this link. In other General Motors news, EVP Rory Harvey sold 5,100 shares of General Motors stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $43.04, for a total transaction of $219,504.00. Following the completion of the sale, the executive vice president now owns 12,658 shares of the company’s stock, valued at $544,800.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Christopher Hatto sold 3,500 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $45.00, for a total value of $157,500.00. Following the transaction, the chief accounting officer now directly owns 12,007 shares in the company, valued at $540,315. The disclosure for this sale can be found here. Insiders have sold a total of 86,248 shares of company stock valued at $3,614,078 in the last 90 days. Corporate insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. SouthState Corp boosted its position in General Motors by 173.8% during the 3rd quarter. SouthState Corp now owns 764 shares of the auto manufacturer’s stock valued at $25,000 after buying an additional 485 shares during the period. LifeSteps Financial Inc. bought a new position in General Motors during the 1st quarter valued at approximately $25,000. Highlander Capital Management LLC bought a new stake in shares of General Motors in the 4th quarter worth approximately $27,000. Cape Investment Advisory Inc. increased its stake in shares of General Motors by 75.9% during the fourth quarter. Cape Investment Advisory Inc. now owns 832 shares of the auto manufacturer’s stock valued at $30,000 after buying an additional 359 shares during the period. Finally, YHB Investment Advisors Inc. purchased a new stake in General Motors in the first quarter worth $32,000. 92.67% of the stock is owned by institutional investors.

About General Motors

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.