Deutsche Bank Aktiengesellschaft Increases General Motors (NYSE:GM) Price Target to $50.00

General Motors (NYSE:GM) (TSE:GMM.U) had its price objective raised by Deutsche Bank Aktiengesellschaft from $44.00 to $50.00 in a research report sent to investors on Tuesday morning. They currently have a hold rating on the auto manufacturer’s stock.

GM has been the topic of several other reports. Royal Bank of Canada upped their price target on General Motors from $54.00 to $56.00 and gave the company an overweight rating in a research report on Tuesday. Wells Fargo & Company upped their price target on General Motors from $27.00 to $28.00 and gave the company an underweight rating in a research report on Wednesday, January 31st. Piper Sandler initiated coverage on General Motors in a research report on Friday, March 15th. They issued a neutral rating and a $44.00 target price on the stock. Wolfe Research raised General Motors from a peer perform rating to an outperform rating and set a $42.00 target price on the stock in a research report on Thursday, January 4th. Finally, Barclays upped their target price on General Motors from $50.00 to $55.00 and gave the stock an overweight rating in a research report on Thursday, April 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $54.38.

General Motors Stock Performance

Shares of NYSE GM opened at $45.62 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 1.16 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $52.67 billion, a price-to-earnings ratio of 5.58, a PEG ratio of 0.53 and a beta of 1.51. The stock’s fifty day simple moving average is $42.13 and its 200 day simple moving average is $36.19. General Motors has a 52-week low of $26.30 and a 52-week high of $46.04.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, April 23rd. The auto manufacturer reported $2.62 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.60. The firm had revenue of $43.01 billion for the quarter, compared to analyst estimates of $41.09 billion. General Motors had a return on equity of 14.40% and a net margin of 6.13%. General Motors’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.21 earnings per share. As a group, sell-side analysts forecast that General Motors will post 9.26 earnings per share for the current fiscal year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Friday, June 7th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.48 annualized dividend and a yield of 1.05%. General Motors’s payout ratio is 5.87%.

Insider Activity at General Motors

In related news, EVP Julian G. Blissett sold 13,826 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total transaction of $528,706.24. Following the completion of the sale, the executive vice president now owns 87,567 shares in the company, valued at approximately $3,348,562.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other General Motors news, EVP Julian G. Blissett sold 13,826 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $38.24, for a total value of $528,706.24. Following the completion of the sale, the executive vice president now owns 87,567 shares in the company, valued at approximately $3,348,562.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Christopher Hatto sold 15,510 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $40.02, for a total value 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 in the last 90 days. 0.54% of the stock is owned by company insiders.

Institutional Trading of General Motors

A number of hedge funds have recently modified their holdings of GM. Norges Bank acquired a new position in shares of General Motors in the 4th quarter worth approximately $602,280,000. Acadian Asset Management LLC raised its holdings in shares of General Motors by 454.3% in the 3rd quarter. Acadian Asset Management LLC now owns 5,216,283 shares of the auto manufacturer’s stock worth $171,961,000 after buying an additional 4,275,293 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of General Motors by 21.9% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 18,097,486 shares of the auto manufacturer’s stock worth $650,062,000 after buying an additional 3,247,050 shares in the last quarter. Putnam Investments LLC raised its holdings in shares of General Motors by 16.8% in the 4th quarter. Putnam Investments LLC now owns 20,237,820 shares of the auto manufacturer’s stock worth $726,942,000 after buying an additional 2,905,689 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of General Motors by 32.6% in the 3rd quarter. AQR Capital Management LLC now owns 8,326,682 shares of the auto manufacturer’s stock worth $274,531,000 after buying an additional 2,049,412 shares in the last quarter. Institutional investors own 92.67% of the company’s stock.

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.