General Motors (NYSE:GM) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG boosted its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 21.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,284,450 shares of the auto manufacturer’s stock after acquiring an additional 761,401 shares during the period. Deutsche Bank AG owned 0.43% of General Motors worth $228,233,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Franklin Resources Inc. increased its holdings in General Motors by 4.2% in the 4th quarter. Franklin Resources Inc. now owns 29,273,136 shares of the auto manufacturer’s stock valued at $1,559,380,000 after purchasing an additional 1,170,816 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of General Motors by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 23,796,969 shares of the auto manufacturer’s stock valued at $1,264,567,000 after buying an additional 176,436 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of General Motors by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 14,066,883 shares of the auto manufacturer’s stock valued at $749,382,000 after buying an additional 228,408 shares during the period. Norges Bank acquired a new position in General Motors during the 4th quarter worth about $592,321,000. Finally, Northern Trust Corp boosted its holdings in General Motors by 8.1% during the 4th quarter. Northern Trust Corp now owns 10,930,178 shares of the auto manufacturer’s stock valued at $582,251,000 after acquiring an additional 822,454 shares during the period. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

General Motors Stock Up 0.3 %

Shares of NYSE GM opened at $47.51 on Friday. The business has a 50-day moving average price of $46.63 and a 200 day moving average price of $50.10. The stock has a market cap of $45.68 billion, a PE ratio of 7.73, a price-to-earnings-growth ratio of 0.67 and a beta of 1.36. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. General Motors has a 52-week low of $38.96 and a 52-week high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $0.15. The business had revenue of $44.02 billion for the quarter, compared to analyst estimates of $42.64 billion. General Motors had a net margin of 3.21% and a return on equity of 15.29%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $2.62 earnings per share. Equities research analysts forecast that General Motors will post 11.44 earnings per share for the current year.

General Motors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Friday, June 6th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.26%. This is a boost from General Motors’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, June 6th. General Motors’s dividend payout ratio is presently 8.65%.

General Motors declared that its Board of Directors has initiated a stock buyback plan on Wednesday, February 26th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the auto manufacturer to buy up to 12.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

GM has been the topic of several research reports. StockNews.com cut shares of General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. BNP Paribas raised shares of General Motors to a “strong-buy” rating in a research report on Monday, May 5th. Deutsche Bank Aktiengesellschaft downgraded shares of General Motors from a “buy” rating to a “hold” rating and set a $43.00 price target for the company. in a research note on Monday, April 14th. Wedbush reduced their price objective on General Motors from $60.00 to $55.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Finally, Cowen initiated coverage on General Motors in a research note on Thursday, March 6th. They set a “buy” rating for the company. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $54.28.

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.