Lecap Asset Management Ltd. Buys New Shares in General Motors Company $GM

Lecap Asset Management Ltd. bought a new stake in General Motors Company (NYSE:GM) (TSE:GMM.U) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,204 shares of the auto manufacturer’s stock, valued at approximately $207,000.

A number of other institutional investors have also added to or reduced their stakes in GM. Costello Asset Management INC bought a new position in General Motors in the first quarter valued at $32,000. WPG Advisers LLC bought a new position in shares of General Motors during the first quarter valued at about $34,000. North Capital Inc. bought a new position in shares of General Motors during the first quarter valued at about $40,000. Banque Transatlantique SA bought a new position in shares of General Motors during the first quarter valued at about $40,000. Finally, SouthState Corp grew its stake in shares of General Motors by 914.4% during the first quarter. SouthState Corp now owns 984 shares of the auto manufacturer’s stock valued at $46,000 after buying an additional 887 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on GM shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of General Motors in a research note on Thursday, July 24th. Bank of America cut their target price on General Motors from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of General Motors in a research note on Saturday, September 27th. Barclays raised General Motors from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $55.00 to $73.00 in a research note on Friday, September 12th. Finally, Industrial Alliance Securities set a $70.00 target price on General Motors in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $63.26.

General Motors Price Performance

GM stock opened at $60.07 on Friday. The firm has a 50 day moving average price of $57.22 and a 200-day moving average price of $51.54. General Motors Company has a 52-week low of $41.60 and a 52-week high of $62.14. The firm has a market capitalization of $57.19 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 1.25 and a beta of 1.33. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22.

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

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, September 5th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, September 5th. General Motors’s dividend payout ratio (DPR) is presently 9.52%.

Insider Buying and Selling at General Motors

In related news, CAO Christopher Hatto sold 36,804 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $55.10, for a total transaction of $2,027,900.40. Following the completion of the sale, the chief accounting officer owned 12,007 shares of the company’s stock, valued at $661,585.70. This trade represents a 75.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rory Harvey sold 23,977 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the sale, the executive vice president directly owned 8,513 shares of the company’s stock, valued at $451,274.13. This trade represents a 73.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,074,824 shares of company stock valued at $122,377,213 over the last ninety days. Company insiders own 0.54% 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.