B. Metzler seel. Sohn & Co. AG Trims Stock Position in General Motors Company $GM

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its stake in General Motors by 34.6%, owning 38,685 shares valued at approximately $1.8 million after selling 20,503 shares in the first quarter.
• General Motors reported a 2.53 earnings per share (EPS) for the last quarter, slightly beating expectations, with a revenue of $47.12 billion despite a year-over-year decline of 1.8%.
• The company is set to pay a quarterly dividend of $0.15 per share in September, representing an annualized yield of 1.0% and highlighting a sustainable payout ratio of 9.52%.

B. Metzler seel. Sohn & Co. AG reduced its stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 34.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,685 shares of the auto manufacturer's stock after selling 20,503 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in General Motors were worth $1,819,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Measured Risk Portfolios Inc. bought a new position in General Motors in the 4th quarter worth about $27,000. Costello Asset Management INC bought a new position in shares of General Motors during the first quarter valued at approximately $32,000. North Capital Inc. bought a new position in shares of General Motors during the first quarter valued at approximately $40,000. SouthState Corp boosted its stake in shares of General Motors by 914.4% during the first 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. Finally, Princeton Global Asset Management LLC boosted its stake in shares of General Motors by 141.0% during the first quarter. Princeton Global Asset Management LLC now owns 1,070 shares of the auto manufacturer's stock valued at $50,000 after purchasing an additional 626 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors.

General Motors Stock Performance

Shares of NYSE GM traded up $0.15 during midday trading on Monday, reaching $58.64. The company had a trading volume of 4,971,207 shares, compared to its average volume of 6,509,005. The business's 50-day simple moving average is $53.73 and its 200 day simple moving average is $49.68. The stock has a market cap of $55.83 billion, a P/E ratio of 9.31, a P/E/G ratio of 1.24 and a beta of 1.32. General Motors Company has a 1 year low of $41.60 and a 1 year high of $61.24. 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 (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.52 by $0.01. The business had revenue of $47.12 billion during the quarter, compared to analysts' expectations of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The business's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the company posted $3.06 earnings per share. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, analysts forecast that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

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

Insiders Place Their Bets

In related news, CEO Mary T. Barra sold 907,024 shares of the firm's stock in a transaction on 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 completion of the transaction, the chief executive officer owned 552,238 shares of the company's stock, valued at $32,162,341.12. This trade represents a 62.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $1,271,020.77. Following the transaction, the executive vice president directly owned 8,513 shares of the company's stock, valued at approximately $451,274.13. This trade represents a 73.80% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,070,311 shares of company stock valued at $62,095,433. Insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on GM shares. Sanford C. Bernstein set a $36.00 price objective on shares of General Motors in a research note on Monday, May 5th. Royal Bank Of Canada reiterated an "outperform" rating on shares of General Motors in a research note on Thursday, July 24th. Wells Fargo & Company increased their price objective on shares of General Motors from $34.00 to $38.00 and gave the company an "underweight" rating in a research note on Wednesday, July 23rd. CLSA upgraded shares of General Motors to a "moderate buy" rating in a research note on Monday, July 7th. Finally, Wedbush raised their target price on shares of General Motors from $55.00 to $65.00 and gave the company an "outperform" rating in a research note on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, General Motors has an average rating of "Hold" and a consensus price target of $58.05.

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.