General Motors Company $GM Stock Position Raised by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,644 shares of the auto manufacturer’s stock after buying an additional 511 shares during the quarter. GAMMA Investing LLC’s holdings in General Motors were worth $1,016,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in General Motors by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer’s stock valued at $4,672,023,000 after acquiring an additional 6,395,375 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in General Motors by 2.2% during the first quarter. Dimensional Fund Advisors LP now owns 14,383,079 shares of the auto manufacturer’s stock valued at $676,322,000 after purchasing an additional 316,196 shares during the last quarter. Invesco Ltd. grew its stake in General Motors by 4.5% in the first quarter. Invesco Ltd. now owns 13,746,152 shares of the auto manufacturer’s stock valued at $646,482,000 after purchasing an additional 594,217 shares in the last quarter. AQR Capital Management LLC increased its position in General Motors by 146.8% in the 1st quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer’s stock worth $629,196,000 after purchasing an additional 8,012,743 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in shares of General Motors by 17.5% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 12,822,632 shares of the auto manufacturer’s stock worth $603,048,000 after purchasing an additional 1,910,186 shares in the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at General Motors

In related news, EVP Rory Harvey sold 4,459 shares of General Motors stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $59.95, for a total transaction of $267,317.05. Following the sale, the executive vice president directly owned 8,513 shares of the company’s stock, valued at $510,354.35. This trade represents a 34.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Christopher Hatto sold 14,667 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $59.00, for a total value of $865,353.00. Following the completion of the transaction, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at approximately $708,413. This trade represents a 54.99% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,104,256 shares of company stock worth $64,129,551. Company insiders own 0.54% of the company’s stock.

General Motors Stock Performance

GM opened at $58.60 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42. The stock’s 50 day moving average price is $55.94 and its two-hundred day moving average price is $50.88. The firm has a market capitalization of $55.79 billion, a P/E ratio of 9.30, a price-to-earnings-growth ratio of 1.24 and a beta of 1.32. General Motors Company has a 12-month low of $41.60 and a 12-month high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The company had revenue of $47.12 billion during the quarter, compared to analysts’ expectations of $45.87 billion. During the same period in the prior year, the business earned $3.06 earnings per share. General Motors’s revenue for the quarter was down 1.8% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, equities analysts forecast that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, September 5th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.0%. General Motors’s dividend payout ratio is currently 9.52%.

Analyst Ratings Changes

GM has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on General Motors from $34.00 to $38.00 and gave the company an “underweight” rating in a research note on Wednesday, July 23rd. Wedbush boosted their target price on shares of General Motors from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Royal Bank Of Canada restated an “outperform” rating on shares of General Motors in a report on Thursday, July 24th. UBS Group increased their target price on shares of General Motors from $50.00 to $56.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. Finally, Bank of America reduced their price target on General Motors from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, General Motors has a consensus rating of “Moderate Buy” and a consensus target price of $60.21.

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.