Boston Partners Purchases Shares of 15,286 General Motors Company $GM

Boston Partners purchased a new stake in General Motors Company (NYSE:GM) (TSE:GMM.U) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 15,286 shares of the auto manufacturer’s stock, valued at approximately $719,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Measured Risk Portfolios Inc. acquired a new stake in General Motors during the 4th quarter worth about $27,000. Costello Asset Management INC acquired a new stake in General Motors during the 1st quarter worth about $32,000. Transce3nd LLC acquired a new stake in General Motors during the 4th quarter worth about $34,000. North Capital Inc. acquired a new stake in General Motors during the 1st quarter worth about $40,000. Finally, Ossiam acquired a new stake in General Motors during the 4th quarter worth about $44,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

General Motors Price Performance

Shares of General Motors stock opened at $56.31 on Monday. General Motors Company has a twelve month low of $41.60 and a twelve month high of $61.24. The business has a 50-day moving average price of $51.70 and a 200 day moving average price of $48.91. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42. The firm has a market cap of $53.61 billion, a PE ratio of 8.94, a P/E/G ratio of 1.19 and a beta of 1.36.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, topping the consensus estimate of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%. The company had revenue of $47.12 billion during the quarter, compared to analyst estimates of $45.87 billion. During the same period in the previous year, the business earned $3.06 EPS. General Motors’s quarterly revenue was down 1.8% on a year-over-year basis. Sell-side analysts predict that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, September 5th. General Motors’s payout ratio is 9.52%.

Analysts Set New Price Targets

A number of analysts have commented on GM shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of General Motors in a research report on Friday, July 11th. Sanford C. Bernstein set a $36.00 price target on General Motors in a research report on Monday, May 5th. Wells Fargo & Company lifted their price target on General Motors from $34.00 to $38.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 23rd. Barclays boosted their price objective on General Motors from $45.00 to $55.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Finally, Citigroup boosted their price objective on General Motors from $59.00 to $61.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $57.53.

Insider Activity at General Motors

In other General Motors news, CAO Christopher Hatto sold 36,804 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $55.10, for a total transaction of $2,027,900.40. Following the completion of the sale, the chief accounting officer directly owned 12,007 shares in the company, valued at approximately $661,585.70. The trade was a 75.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Rory Harvey sold 23,977 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total value of $1,271,020.77. Following the sale, the executive vice president owned 8,513 shares of the company’s stock, valued at approximately $451,274.13. This trade represents a 73.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.

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.