Natixis increased its position in General Motors (NYSE:GM) (TSE:GMM.U) by 780.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,170,930 shares of the auto manufacturer’s stock after buying an additional 2,810,730 shares during the period. Natixis owned 0.22% of General Motors worth $124,935,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. BlackRock Inc. lifted its position in shares of General Motors by 1.4% in the first quarter. BlackRock Inc. now owns 78,008,491 shares of the auto manufacturer’s stock worth $2,834,827,000 after buying an additional 1,086,199 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of General Motors by 13.7% in the first quarter. Franklin Resources Inc. now owns 24,874,605 shares of the auto manufacturer’s stock worth $903,943,000 after buying an additional 3,005,964 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of General Motors by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 14,890,898 shares of the auto manufacturer’s stock worth $586,820,000 after buying an additional 81,468 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of General Motors by 20.0% in the second quarter. Bank of New York Mellon Corp now owns 14,355,956 shares of the auto manufacturer’s stock worth $565,624,000 after buying an additional 2,394,922 shares in the last quarter. Finally, LSV Asset Management lifted its position in shares of General Motors by 4.9% in the second quarter. LSV Asset Management now owns 11,743,616 shares of the auto manufacturer’s stock worth $462,698,000 after buying an additional 543,631 shares in the last quarter. Institutional investors own 73.79% of the company’s stock.

Shares of NYSE GM opened at $34.10 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.74 and a debt-to-equity ratio of 1.81. General Motors has a fifty-two week low of $34.38 and a fifty-two week high of $46.76. The company has a market capitalization of $49.79 billion, a PE ratio of 5.15, a price-to-earnings-growth ratio of 0.72 and a beta of 1.56.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Wednesday, July 25th. The auto manufacturer reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.03. General Motors had a positive return on equity of 23.39% and a negative net margin of 3.26%. The firm had revenue of $36.80 billion for the quarter, compared to the consensus estimate of $36.62 billion. During the same period in the prior year, the business posted $1.89 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. equities research analysts anticipate that General Motors will post 5.95 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 21st. Stockholders of record on Friday, September 7th will be issued a $0.38 dividend. The ex-dividend date is Thursday, September 6th. This represents a $1.52 annualized dividend and a dividend yield of 4.46%. General Motors’s payout ratio is 22.96%.

GM has been the topic of a number of recent research reports. Citigroup decreased their price objective on General Motors to $60.00 and set a “buy” rating on the stock in a research report on Thursday, July 26th. JPMorgan Chase & Co. decreased their price objective on General Motors from $58.00 to $54.00 and set an “overweight” rating on the stock in a research report on Friday, July 27th. Royal Bank of Canada upped their price objective on General Motors from $52.00 to $53.00 and gave the company an “outperform” rating in a research report on Tuesday, July 10th. Piper Jaffray Companies set a $57.00 price objective on General Motors and gave the company an “overweight” rating in a research report on Tuesday, May 15th. Finally, ValuEngine downgraded General Motors from a “buy” rating to a “hold” rating in a research report on Thursday, June 21st. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $47.02.

About General Motors

General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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