General Motors (NYSE:GM) PT Raised to $55.00 at Barclays

General Motors (NYSE:GM) (TSE:GMM.U) had its target price lifted by Barclays from $50.00 to $55.00 in a research note released on Thursday, Benzinga reports. They currently have an overweight rating on the auto manufacturer’s stock.

Other analysts have also recently issued reports about the company. TheStreet raised General Motors from a c+ rating to a b- rating in a report on Tuesday, March 19th. Morgan Stanley increased their price target on shares of General Motors from $43.00 to $46.00 and gave the company an overweight rating in a report on Wednesday, April 10th. The Goldman Sachs Group increased their price target on shares of General Motors from $45.00 to $50.00 and gave the company a buy rating in a report on Wednesday, January 31st. Piper Sandler started coverage on shares of General Motors in a report on Friday, March 15th. They issued a neutral rating and a $44.00 price target for the company. Finally, Wolfe Research upgraded shares of General Motors from a peer perform rating to an outperform rating and set a $42.00 price target for the company in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $51.57.

General Motors Stock Performance

Shares of GM stock opened at $43.08 on Thursday. The stock has a market capitalization of $49.73 billion, a PE ratio of 5.89, a price-to-earnings-growth ratio of 0.53 and a beta of 1.51. General Motors has a 52-week low of $26.30 and a 52-week high of $46.04. The stock’s 50-day moving average price is $41.23 and its 200 day moving average price is $35.50. The company has a quick ratio of 0.90, a current ratio of 1.08 and a debt-to-equity ratio of 1.21.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, January 30th. The auto manufacturer reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.08. The company had revenue of $42.98 billion for the quarter, compared to analysts’ expectations of $38.81 billion. General Motors had a return on equity of 14.34% and a net margin of 5.89%. The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.12 EPS. As a group, equities research analysts forecast that General Motors will post 9.08 EPS for the current year.

General Motors Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Friday, March 1st were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, February 29th. This is an increase from General Motors’s previous quarterly dividend of $0.09. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.11%. General Motors’s payout ratio is 6.57%.

Insider Transactions at General Motors

In other news, CAO Christopher Hatto sold 15,510 shares of General Motors stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $40.02, for a total transaction of $620,710.20. Following the completion of the sale, the chief accounting officer now directly owns 21,507 shares in the company, valued at $860,710.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Gerald Johnson sold 27,122 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now directly owns 71,506 shares of the company’s stock, valued at $3,236,361.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Christopher Hatto sold 15,510 shares of General Motors stock in a transaction on Monday, February 26th. The stock was sold at an average price of $40.02, for a total transaction of $620,710.20. Following the completion of the sale, the chief accounting officer now owns 21,507 shares of the company’s stock, valued at approximately $860,710.14. The disclosure for this sale can be found here. Insiders sold a total of 86,248 shares of company stock worth $3,614,078 over the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

Institutional Trading of General Motors

A number of hedge funds and other institutional investors have recently made changes to their positions in GM. Unison Advisors LLC increased its stake in General Motors by 0.4% during the first quarter. Unison Advisors LLC now owns 67,196 shares of the auto manufacturer’s stock valued at $3,047,000 after purchasing an additional 246 shares during the last quarter. Vident Advisory LLC increased its stake in General Motors by 3.1% during the fourth quarter. Vident Advisory LLC now owns 8,725 shares of the auto manufacturer’s stock valued at $313,000 after purchasing an additional 259 shares during the last quarter. FinTrust Capital Advisors LLC increased its stake in General Motors by 2.5% during the fourth quarter. FinTrust Capital Advisors LLC now owns 11,113 shares of the auto manufacturer’s stock valued at $399,000 after purchasing an additional 268 shares during the last quarter. Summit Financial LLC increased its stake in General Motors by 4.3% during the fourth quarter. Summit Financial LLC now owns 6,662 shares of the auto manufacturer’s stock valued at $239,000 after purchasing an additional 273 shares during the last quarter. Finally, Weik Capital Management boosted its holdings in shares of General Motors by 3.1% during the first quarter. Weik Capital Management now owns 9,075 shares of the auto manufacturer’s stock valued at $397,000 after acquiring an additional 275 shares during the period. Institutional investors own 92.67% of the company’s stock.

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.