Reyes Financial Architecture Inc. Buys 973 Shares of General Motors Company (NYSE:GM)

Reyes Financial Architecture Inc. raised its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 40.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,366 shares of the auto manufacturer’s stock after purchasing an additional 973 shares during the period. Reyes Financial Architecture Inc.’s holdings in General Motors were worth $158,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. CWM LLC grew its holdings in General Motors by 144.8% during the 1st quarter. CWM LLC now owns 192,894 shares of the auto manufacturer’s stock valued at $9,072,000 after buying an additional 114,108 shares in the last quarter. Schechter Investment Advisors LLC increased its position in General Motors by 12.1% in the first quarter. Schechter Investment Advisors LLC now owns 6,531 shares of the auto manufacturer’s stock worth $307,000 after purchasing an additional 705 shares during the last quarter. Burford Brothers Inc. raised its stake in General Motors by 2.8% during the first quarter. Burford Brothers Inc. now owns 8,718 shares of the auto manufacturer’s stock valued at $410,000 after purchasing an additional 241 shares in the last quarter. Cerity Partners LLC lifted its position in General Motors by 46.9% during the first quarter. Cerity Partners LLC now owns 497,222 shares of the auto manufacturer’s stock valued at $23,384,000 after purchasing an additional 158,825 shares during the last quarter. Finally, tru Independence LLC lifted its position in General Motors by 1.0% during the first quarter. tru Independence LLC now owns 159,643 shares of the auto manufacturer’s stock valued at $7,508,000 after purchasing an additional 1,600 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GM. CLSA upgraded shares of General Motors to a “moderate buy” rating in a report on Monday, July 7th. Citigroup started coverage on General Motors in a research report on Wednesday, April 23rd. They set a “buy” rating and a $62.00 price objective on the stock. Deutsche Bank Aktiengesellschaft cut 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. BNP Paribas upgraded General Motors to a “strong-buy” rating in a report on Monday, May 5th. Finally, Mizuho lifted their price objective on shares of General Motors from $53.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $53.35.

General Motors Stock Performance

Shares of NYSE:GM opened at $53.36 on Friday. General Motors Company has a one year low of $38.96 and a one year high of $61.24. The firm has a market cap of $51.30 billion, a PE ratio of 7.69, a price-to-earnings-growth ratio of 1.44 and a beta of 1.32. The firm’s 50 day simple moving average is $49.33 and its 200-day simple moving average is $48.73. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.04 and a current ratio of 1.21.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share 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 return on equity of 14.30% and a net margin of 3.08%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.62 EPS. As a group, equities analysts predict that General Motors Company will post 11.44 EPS for the current year.

General Motors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 19th. Shareholders of record on Friday, June 6th were given a dividend of $0.15 per share. This is an increase from General Motors’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, June 6th. This represents a $0.60 dividend on an annualized basis and a yield of 1.12%. General Motors’s dividend payout ratio (DPR) is 8.65%.

General Motors 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.