Strs Ohio Invests $37.87 Million in General Motors Company $GM

Key Points

• Strs Ohio has acquired 805,199 shares of General Motors, valued at approximately $37.87 million, increasing its ownership to about 0.08% of the company.
• General Motors has recently experienced significant insider selling, including CEO Mary T. Barra and CAO Christopher Hatto, who together sold over 1 million shares worth over $62 million.
• General Motors announced a quarterly dividend of $0.15 per share, reflecting an annualized yield of 1.0%, set to be paid on September 18th to investors of record on September 5th.

Strs Ohio bought a new position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 805,199 shares of the auto manufacturer's stock, valued at approximately $37,869,000. Strs Ohio owned approximately 0.08% of General Motors at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Geneos Wealth Management Inc. boosted its position in shares of General Motors by 26.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 6,849 shares of the auto manufacturer's stock worth $322,000 after acquiring an additional 1,425 shares in the last quarter. Focus Partners Wealth boosted its position in shares of General Motors by 39.1% in the 1st quarter. Focus Partners Wealth now owns 154,848 shares of the auto manufacturer's stock valued at $7,283,000 after purchasing an additional 43,527 shares during the period. Integrity Alliance LLC. acquired a new stake in shares of General Motors in the 1st quarter valued at about $409,000. Ilmarinen Mutual Pension Insurance Co raised its stake in General Motors by 73.0% during the 1st quarter. Ilmarinen Mutual Pension Insurance Co now owns 173,000 shares of the auto manufacturer's stock valued at $8,136,000 after acquiring an additional 73,000 shares during the last quarter. Finally, Woodline Partners LP raised its stake in General Motors by 382.4% during the 1st quarter. Woodline Partners LP now owns 318,552 shares of the auto manufacturer's stock valued at $14,982,000 after acquiring an additional 252,517 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other General Motors news, EVP Rory Harvey sold 23,977 shares of the firm's stock in a transaction dated 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Christopher Hatto sold 36,804 shares of General Motors stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $55.10, for a total value of $2,027,900.40. Following the sale, the chief accounting officer directly owned 12,007 shares in the company, valued at approximately $661,585.70. The trade was a 75.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,070,311 shares of company stock valued at $62,095,433. 0.54% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have commented on GM shares. UBS Group upped their price objective on General Motors from $50.00 to $56.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Benchmark initiated coverage on General Motors in a research note on Monday, July 21st. They set a "buy" rating and a $65.00 target price for the company. JPMorgan Chase & Co. increased their target price on General Motors from $56.00 to $60.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Wells Fargo & Company increased their target price on General Motors from $34.00 to $38.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of General Motors in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, General Motors currently has an average rating of "Moderate Buy" and an average target price of $59.00.

General Motors Price Performance

NYSE:GM traded down $0.20 during trading hours on Friday, reaching $58.51. 12,020,227 shares of the company traded hands, compared to its average volume of 6,469,638. The firm's 50-day moving average is $55.09 and its 200-day moving average is $50.33. The stock has a market cap of $55.71 billion, a P/E ratio of 9.29, a P/E/G ratio of 1.23 and a beta of 1.32. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05. General Motors Company has a 1-year low of $41.60 and a 1-year high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced 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. The firm had revenue of $47.12 billion for the quarter, compared to analysts' expectations of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%.General Motors's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Equities research analysts expect that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, September 5th. General Motors's dividend payout ratio (DPR) is 9.52%.

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.