M&G PLC Purchases 4,566 Shares of General Motors Company $GM

M&G PLC lifted its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 4.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 108,798 shares of the auto manufacturer’s stock after purchasing an additional 4,566 shares during the period. M&G PLC’s holdings in General Motors were worth $5,331,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC increased its stake in shares of General Motors by 456.1% during the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock valued at $2,062,000 after buying an additional 31,755 shares during the period. Schechter Investment Advisors LLC raised its holdings in General Motors by 12.1% in the 1st 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 in the last quarter. Bleakley Financial Group LLC boosted its stake in shares of General Motors by 10.4% during the 1st quarter. Bleakley Financial Group LLC now owns 20,346 shares of the auto manufacturer’s stock valued at $957,000 after purchasing an additional 1,912 shares in the last quarter. Signaturefd LLC increased its position in shares of General Motors by 13.5% during the first quarter. Signaturefd LLC now owns 21,042 shares of the auto manufacturer’s stock valued at $990,000 after buying an additional 2,504 shares during the period. Finally, Larson Financial Group LLC increased its position in shares of General Motors by 112.1% during the first quarter. Larson Financial Group LLC now owns 11,735 shares of the auto manufacturer’s stock valued at $552,000 after buying an additional 6,201 shares during the period. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

General Motors Trading Up 0.9%

Shares of NYSE:GM opened at $71.86 on Thursday. The stock’s 50-day simple moving average is $62.09 and its two-hundred day simple moving average is $55.14. The stock has a market capitalization of $67.04 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 0.96 and a beta of 1.41. General Motors Company has a 52-week low of $41.60 and a 52-week high of $72.39. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.06 and a current ratio of 1.23.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.48. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The firm had revenue of $48.59 billion for the quarter, compared to analysts’ expectations of $44.60 billion. During the same quarter in the prior year, the business earned $2.96 EPS. The business’s quarterly revenue was down .3% on a year-over-year basis. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Analysts expect that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, December 5th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, December 5th. General Motors’s dividend payout ratio (DPR) is currently 12.07%.

Insider Activity at General Motors

In other General Motors news, President Mark L. Reuss sold 260,600 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the completion of the sale, the president owned 98,006 shares of the company’s stock, valued at approximately $6,512,498.70. The trade was a 72.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Christopher Hatto sold 23,400 shares of the business’s stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $61.01, for a total value of $1,427,634.00. Following the transaction, the chief accounting officer owned 12,007 shares of the company’s stock, valued at approximately $732,547.07. This trade represents a 66.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 2,290,340 shares of company stock worth $137,493,952. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on GM. Tigress Financial raised their price objective on shares of General Motors from $88.00 to $92.00 and gave the stock a “strong-buy” rating in a report on Friday, October 24th. The Goldman Sachs Group restated a “buy” rating on shares of General Motors in a research note on Tuesday, October 21st. Wall Street Zen cut General Motors from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. TD Cowen raised their price objective on General Motors from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of General Motors from $60.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.00.

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.