111 Capital Increases Stock Holdings in General Motors Company $GM

Key Points

• 111 Capital increased its stake in **General Motors** by **78.9%** during the 2nd quarter, bringing its total holdings to **16,578 shares** valued at approximately **$816,000**.
• General Motors recently reported **$2.53 earnings per share**, surpassing analysts' expectations, but noted a **1.8% decline in revenue** year-over-year.
• The firm announced a quarterly dividend of **$0.15**, representing an annualized dividend of **$0.60**, with a **1.0%** dividend yield and a payout ratio of **9.52%**.

111 Capital grew its stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 78.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 16,578 shares of the auto manufacturer's stock after buying an additional 7,309 shares during the quarter. 111 Capital's holdings in General Motors were worth $816,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in GM. AQR Capital Management LLC boosted its stake 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 buying an additional 8,012,743 shares during the period. Vanguard Group Inc. raised its position in shares of General Motors by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer's stock worth $4,672,023,000 after acquiring an additional 6,395,375 shares in the last quarter. Nuveen LLC acquired a new stake in shares of General Motors during the 1st quarter worth about $175,889,000. Kingstone Capital Partners Texas LLC acquired a new stake in shares of General Motors during the 2nd quarter worth about $125,583,000. Finally, Assenagon Asset Management S.A. raised its position in shares of General Motors by 305.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,858,959 shares of the auto manufacturer's stock worth $134,457,000 after acquiring an additional 2,154,037 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Trading Up 1.2%

NYSE:GM opened at $60.07 on Friday. The firm has a market cap of $57.19 billion, a P/E ratio of 9.54, a PEG ratio of 1.27 and a beta of 1.33. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42. The stock's 50 day simple moving average is $57.22 and its 200-day simple moving average is $51.55. General Motors Company has a 12-month low of $41.60 and a 12-month high of $62.14.

General Motors (NYSE:GM - Get Free Report) 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 analysts' consensus estimates of $2.52 by $0.01. The business had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The company's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.06 earnings per share. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Equities analysts anticipate that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, September 5th were paid a $0.15 dividend. 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 payout ratio is 9.52%.

Insiders Place Their Bets

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

Analyst Ratings Changes

GM has been the topic of several research analyst reports. UBS Group raised General Motors from a "neutral" rating to a "buy" rating and raised their target price for the stock from $56.00 to $81.00 in a research report on Wednesday, September 24th. Benchmark initiated coverage on General Motors in a research report on Monday, July 21st. They set a "buy" rating and a $65.00 target price on the stock. CLSA raised General Motors to a "moderate buy" rating in a research report on Monday, July 7th. Industrial Alliance Securities set a $70.00 target price on General Motors in a research report on Friday, July 11th. Finally, Wedbush lifted their price target on General Motors from $55.00 to $65.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, General Motors currently has an average rating of "Moderate Buy" and an average price target of $63.26.

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.

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