General Motors Company $GM Shares Acquired by Blue Trust Inc.

Blue Trust Inc. raised its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 21.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,012 shares of the auto manufacturer’s stock after purchasing an additional 541 shares during the period. Blue Trust Inc.’s holdings in General Motors were worth $148,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GM. Vanguard Group Inc. increased its position in shares of General Motors by 6.9% in 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 during the period. Dimensional Fund Advisors LP increased its position in shares of General Motors by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,383,079 shares of the auto manufacturer’s stock valued at $676,322,000 after acquiring an additional 316,196 shares during the period. Invesco Ltd. increased its position in shares of General Motors by 4.5% in the 1st quarter. Invesco Ltd. now owns 13,746,152 shares of the auto manufacturer’s stock valued at $646,482,000 after acquiring an additional 594,217 shares during the period. AQR Capital Management LLC increased its position in shares of 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 valued at $629,196,000 after acquiring an additional 8,012,743 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC increased its position in shares of General Motors by 17.5% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 12,822,632 shares of the auto manufacturer’s stock valued at $603,048,000 after acquiring an additional 1,910,186 shares during the period. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Price Performance

NYSE:GM opened at $57.88 on Thursday. General Motors Company has a 52 week low of $41.60 and a 52 week high of $62.14. 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 has a market capitalization of $55.10 billion, a PE ratio of 9.19, a price-to-earnings-growth ratio of 1.20 and a beta of 1.33. The stock’s 50-day moving average price is $57.86 and its 200-day moving average price is $51.93.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The firm had revenue of $47.12 billion for the quarter, compared to analysts’ expectations of $45.87 billion. During the same period last year, the firm earned $3.06 EPS. The company’s quarterly 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. As a group, equities analysts expect that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The firm also recently announced 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 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 (DPR) is 9.52%.

Insiders Place Their Bets

In other news, CAO Christopher Hatto sold 23,400 shares of the firm’s stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $61.01, for a total transaction of $1,427,634.00. Following the sale, the chief accounting officer directly owned 12,007 shares in the company, valued at $732,547.07. This trade represents a 66.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rory Harvey sold 6,600 shares of the firm’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $61.95, for a total value of $408,870.00. Following the sale, the executive vice president owned 8,513 shares in the company, valued at $527,380.35. This trade represents a 43.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,074,824 shares of company stock valued at $122,377,213 over the last quarter. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Mizuho upped their target price on General Motors from $58.00 to $67.00 and gave the company an “outperform” rating in a research report on Tuesday, September 23rd. UBS Group raised General Motors from a “neutral” rating to a “buy” rating and upped their target price for the company from $56.00 to $81.00 in a research report on Wednesday, September 24th. Jefferies Financial Group upped their target price on General Motors from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of General Motors in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $77.00 price target on shares of General Motors in a research report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $65.00.

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.