General Motors Company $GM Stock Holdings Trimmed by Johnson Financial Group Inc.

Johnson Financial Group Inc. lessened its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 9.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80,294 shares of the auto manufacturer’s stock after selling 8,500 shares during the period. Johnson Financial Group Inc.’s holdings in General Motors were worth $3,951,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of General Motors by 11.5% during the 2nd quarter. Vanguard Group Inc. now owns 110,759,703 shares of the auto manufacturer’s stock valued at $5,450,485,000 after acquiring an additional 11,418,367 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in General Motors by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 14,383,079 shares of the auto manufacturer’s stock worth $676,322,000 after purchasing an additional 316,196 shares during the period. Invesco Ltd. increased its stake in General Motors by 4.5% during 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 during the last quarter. AQR Capital Management LLC raised its holdings in shares of General Motors by 146.8% during the first 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 period. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in shares of General Motors by 17.5% during the first 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 during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Activity

In other General Motors news, CEO Mary T. Barra sold 753,720 shares of the firm’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $59.95, for a total transaction of $45,185,514.00. Following the transaction, the chief executive officer owned 433,527 shares of the company’s stock, valued at approximately $25,989,943.65. This trade represents a 63.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Mark L. Reuss sold 260,600 shares of the company’s stock in a transaction that occurred on 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 directly owned 98,006 shares of the company’s stock, valued at approximately $6,512,498.70. This represents a 72.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,376,373 shares of company stock valued at $84,359,649. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

GM has been the subject of a number of recent research reports. Tigress Financial boosted their price objective on shares of General Motors from $88.00 to $92.00 and gave the company a “strong-buy” rating in a research report on Friday, October 24th. Argus set a $78.00 target price on General Motors in a research note on Thursday, October 23rd. JPMorgan Chase & Co. upped their target price on General Motors from $60.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, September 30th. Cowen reiterated a “buy” rating on shares of General Motors in a research report on Tuesday, October 21st. Finally, TD Cowen boosted 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. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $70.27.

General Motors Price Performance

Shares of NYSE:GM opened at $72.82 on Thursday. The firm’s 50 day moving average is $64.45 and its two-hundred day moving average is $56.82. The firm has a market capitalization of $67.93 billion, a P/E ratio of 14.65, a PEG ratio of 0.96 and a beta of 1.41. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 1.40. General Motors Company has a 52 week low of $41.60 and a 52 week high of $73.45.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.48. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The business had revenue of $48.59 billion during the quarter, compared to analyst estimates of $44.60 billion. During the same period in the prior year, the company posted $2.96 EPS. The business’s revenue for the quarter was down .3% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Analysts anticipate that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

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

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.