Acadian Asset Management LLC Has $7.58 Million Stock Holdings in General Motors Company $GM

Key Points

• Acadian Asset Management LLC reduced its holdings in General Motors Company (NYSE: GM) by 36.6% in the first quarter, now owning 161,394 shares valued at approximately $7.58 million.
• General Motors reported $47.12 billion in revenue for the last quarter, exceeding analysts' expectations, and announced a quarterly dividend of $0.15 per share with an annualized yield of 1.0%.
• Several institutional investors increased their stakes in General Motors, with SouthState Corp boosting its stake by 914.4%, reflecting strong interest in the company among hedge funds and institutional investors.

Acadian Asset Management LLC lessened its position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 36.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 161,394 shares of the auto manufacturer's stock after selling 93,062 shares during the period. Acadian Asset Management LLC's holdings in General Motors were worth $7,582,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Costello Asset Management INC acquired a new stake in shares of General Motors in the 1st quarter valued at $32,000. WPG Advisers LLC acquired a new stake in shares of General Motors in the 1st quarter valued at $34,000. North Capital Inc. acquired a new stake in shares of General Motors in the 1st quarter valued at $40,000. Banque Transatlantique SA acquired a new stake in shares of General Motors in the 1st quarter valued at $40,000. Finally, SouthState Corp boosted its stake in shares of General Motors by 914.4% in the 1st quarter. SouthState Corp now owns 984 shares of the auto manufacturer's stock valued at $46,000 after purchasing an additional 887 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Stock Performance

General Motors stock opened at $58.51 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42. General Motors Company has a 1 year low of $41.60 and a 1 year high of $61.24. The company has a market cap of $55.71 billion, a PE ratio of 9.29, a PEG ratio of 1.24 and a beta of 1.32. The company's 50-day moving average is $55.09 and its two-hundred day moving average is $50.32.

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. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The company had revenue of $47.12 billion for the quarter, compared to the consensus estimate of $45.87 billion. During the same period in the prior year, the company posted $3.06 EPS. The company's revenue was down 1.8% compared to the same quarter last year. 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 earnings per share for the current year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, September 5th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, September 5th. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. General Motors's dividend payout ratio is presently 9.52%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GM. Wells Fargo & Company upped their price target on shares of General Motors from $34.00 to $38.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 23rd. Benchmark began coverage on shares of General Motors in a research report on Monday, July 21st. They set a "buy" rating and a $65.00 price target on the stock. Wedbush upped their price target on shares of General Motors from $55.00 to $65.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. Industrial Alliance Securities set a $70.00 price target on shares of General Motors in a research report on Friday, July 11th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of General Motors in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, General Motors currently has a consensus rating of "Moderate Buy" and an average price target of $59.00.

Insider Buying and Selling at General Motors

In other General Motors news, CAO Christopher Hatto sold 36,804 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were 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 represents a 75.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mary T. Barra sold 907,024 shares of the company's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $58.24, for a total transaction of $52,825,077.76. Following the transaction, the chief executive officer owned 552,238 shares in the company, valued at approximately $32,162,341.12. The trade was a 62.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,070,311 shares of company stock worth $62,095,433. Company insiders own 0.54% of the company's stock.

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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