General Motors Company $GM Shares Sold by Aigen Investment Management LP

Key Points

• Aigen Investment Management LP has significantly reduced its stake in General Motors Company by 81.6%, now holding 4,798 shares valued at approximately $226,000.
• Several institutional investors have increased their positions in General Motors, with Brighton Jones LLC being a notable example, having boosted its stake by 456.1% during the fourth quarter.
• General Motors announced a quarterly dividend of $0.15 per share, translating to an annualized dividend of $0.60 and a yield of 1.1%.

Aigen Investment Management LP decreased its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 81.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,798 shares of the auto manufacturer's stock after selling 21,328 shares during the quarter. Aigen Investment Management LP's holdings in General Motors were worth $226,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GM. Measured Risk Portfolios Inc. bought a new stake in shares of General Motors during the 4th quarter valued at $27,000. Transce3nd LLC bought a new stake in shares of General Motors during the 4th quarter valued at $34,000. Costello Asset Management INC bought a new stake in shares of General Motors during the 1st quarter valued at $32,000. Ossiam bought a new stake in shares of General Motors during the 4th quarter valued at $44,000. Finally, North Capital Inc. bought a new stake in shares of General Motors during the 1st quarter valued at $40,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Stock Performance

NYSE:GM traded up $0.7950 during mid-day trading on Tuesday, reaching $57.0250. The company's stock had a trading volume of 2,035,673 shares, compared to its average volume of 11,803,377. General Motors Company has a 12-month low of $41.60 and a 12-month high of $61.24. The stock has a market cap of $54.29 billion, a P/E ratio of 9.05, a PEG ratio of 1.19 and a beta of 1.36. 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 firm's fifty day moving average price is $51.87 and its two-hundred day moving average price is $48.95.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings data 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 firm had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $45.87 billion. During the same quarter in the previous year, the firm posted $3.06 EPS. The company's revenue for the quarter 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. On average, equities analysts forecast that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, September 5th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, September 5th. General Motors's dividend payout ratio is presently 9.52%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GM shares. CLSA upgraded shares of General Motors to a "moderate buy" rating in a report on Monday, July 7th. UBS Group lifted their price target on General Motors from $50.00 to $56.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Piper Sandler reaffirmed a "neutral" rating and issued a $48.00 price target (up previously from $43.00) on shares of General Motors in a research report on Thursday, May 22nd. Sanford C. Bernstein set a $36.00 price target on General Motors in a research report on Monday, May 5th. Finally, Barclays lifted their price target on General Motors from $45.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $58.05.

Insider Buying and Selling at General Motors

In other news, EVP Rory Harvey sold 23,977 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the completion of the transaction, the executive vice president directly owned 8,513 shares in the company, valued at approximately $451,274.13. This represents a 73.80% decrease in their position. 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 firm's stock in a transaction on 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 completion of the sale, the chief accounting officer owned 12,007 shares of the company's stock, valued at approximately $661,585.70. This represents a 75.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

General Motors Company 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.