Victory Capital Management Inc. Buys 34,565 Shares of General Motors (NYSE:GM)

Victory Capital Management Inc. lifted its position in shares of General Motors (NYSE:GM – Get Rating) (TSE:GMM.U) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 767,727 shares of the auto manufacturer’s stock after purchasing an additional 34,565 shares during the quarter. Victory Capital Management Inc. owned about 0.06% of General Motors worth $30,187,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of General Motors by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 111,810,845 shares of the auto manufacturer’s stock worth $3,588,010,000 after purchasing an additional 4,251,190 shares during the last quarter. State Street Corp raised its holdings in shares of General Motors by 1.0% during the third quarter. State Street Corp now owns 57,792,618 shares of the auto manufacturer’s stock valued at $1,854,565,000 after purchasing an additional 572,357 shares during the last quarter. Bank of New York Mellon Corp lifted its position in General Motors by 13.5% during the third quarter. Bank of New York Mellon Corp now owns 15,240,329 shares of the auto manufacturer’s stock valued at $489,063,000 after purchasing an additional 1,814,943 shares during the period. Diamond Hill Capital Management Inc. boosted its stake in shares of General Motors by 1.4% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 11,644,987 shares of the auto manufacturer’s stock worth $391,737,000 after buying an additional 158,827 shares during the last quarter. Finally, Putnam Investments LLC grew its position in General Motors by 12.0% during the third quarter. Putnam Investments LLC now owns 11,011,984 shares of the auto manufacturer’s stock valued at $353,374,000 after buying an additional 1,177,413 shares during the period. 78.92% of the stock is owned by hedge funds and other institutional investors.

General Motors Stock Down 0.7 %

General Motors stock opened at $32.66 on Friday. The firm has a market cap of $45.40 billion, a price-to-earnings ratio of 5.05, a price-to-earnings-growth ratio of 0.50 and a beta of 1.34. General Motors has a 52 week low of $30.33 and a 52 week high of $43.63. The business’s 50-day moving average price is $34.02 and its 200 day moving average price is $36.85. The company has a quick ratio of 0.90, a current ratio of 1.10 and a debt-to-equity ratio of 1.05.

General Motors (NYSE:GM – Get Rating) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, April 25th. The auto manufacturer reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.68. General Motors had a net margin of 5.84% and a return on equity of 15.74%. The firm had revenue of $39.99 billion for the quarter, compared to the consensus estimate of $39.38 billion. During the same period in the prior year, the firm posted $2.09 earnings per share. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that General Motors will post 6.68 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Friday, June 2nd will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.10%. The ex-dividend date is Thursday, June 1st. General Motors’s payout ratio is presently 5.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Barclays reduced their target price on shares of General Motors from $45.00 to $42.00 in a report on Wednesday, April 26th. Mizuho dropped their price target on General Motors from $39.00 to $37.00 in a research note on Wednesday, April 26th. Citigroup lowered their target price on shares of General Motors from $82.00 to $76.00 and set a “buy” rating on the stock in a report on Monday, March 27th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of General Motors from $37.00 to $35.00 in a report on Wednesday, April 26th. Finally, Royal Bank of Canada increased their price objective on shares of General Motors from $46.00 to $48.00 in a research report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $49.06.

About General Motors

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General Motors Co engages in the designing, manufacturing, and selling of trucks, crossovers, cars, and automobile parts and in providing software-enabled services and subscriptions. It operates through the following segments: GMNA, GMI, Cruise, and GM Financial. The company was founded by William C.