CHICAGO TRUST Co NA Grows Stock Position in General Motors (NYSE:GM)

CHICAGO TRUST Co NA increased its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 3.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,859 shares of the auto manufacturer’s stock after buying an additional 510 shares during the quarter. CHICAGO TRUST Co NA’s holdings in General Motors were worth $746,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in shares of General Motors during the 4th quarter valued at approximately $25,000. Measured Risk Portfolios Inc. purchased a new stake in shares of General Motors during the 4th quarter valued at approximately $27,000. Compass Planning Associates Inc purchased a new stake in shares of General Motors during the 4th quarter valued at approximately $27,000. Whittier Trust Co. raised its position in shares of General Motors by 551.9% during the 4th quarter. Whittier Trust Co. now owns 502 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 425 shares during the period. Finally, Duncker Streett & Co. Inc. increased its holdings in General Motors by 9,960.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 498 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on GM shares. Deutsche Bank Aktiengesellschaft downgraded shares of General Motors from a “buy” rating to a “hold” rating and set a $43.00 target price for the company. in a report on Monday, April 14th. Citigroup started coverage on shares of General Motors in a report on Wednesday, April 23rd. They issued a “buy” rating and a $62.00 target price for the company. Wedbush dropped their target price on shares of General Motors from $60.00 to $55.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. BNP Paribas upgraded shares of General Motors to a “strong-buy” rating in a report on Monday, May 5th. Finally, Barclays lifted their target price on shares of General Motors from $40.00 to $45.00 and gave the company an “equal weight” rating in a report on Monday, May 5th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $54.56.

General Motors Price Performance

General Motors stock opened at $47.50 on Monday. The stock has a market cap of $45.67 billion, a P/E ratio of 7.72, a price-to-earnings-growth ratio of 0.67 and a beta of 1.34. The company has a fifty day simple moving average of $46.80 and a 200-day simple moving average of $49.30. General Motors has a 12-month low of $38.96 and a 12-month high of $61.24. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.15. The business had revenue of $44.02 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $2.62 EPS. Equities analysts expect that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Increases Dividend

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

General Motors announced that its board has initiated a stock buyback program on Wednesday, February 26th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the auto manufacturer to repurchase up to 12.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

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.