General Motors Company $GM Shares Bought by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

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Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 11.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 851,593 shares of the auto manufacturer's stock after purchasing an additional 85,556 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. owned approximately 0.09% of General Motors worth $40,097,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC purchased a new stake in shares of General Motors during the 4th quarter valued at $25,404,000. Cassia Capital Partners LLC lifted its holdings in shares of General Motors by 63.0% during the 1st quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer's stock valued at $879,000 after purchasing an additional 7,221 shares during the last quarter. AustralianSuper Pty Ltd lifted its holdings in shares of General Motors by 38.9% during the 1st quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer's stock valued at $287,428,000 after purchasing an additional 1,712,033 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in shares of General Motors during the 1st quarter valued at $312,000. Finally, Malaga Cove Capital LLC purchased a new position in General Motors in the 1st quarter worth $292,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Stock Performance

Shares of NYSE GM traded up $1.7930 during trading on Friday, reaching $58.3030. 6,313,781 shares of the company traded hands, compared to its average volume of 7,222,763. The firm's fifty day simple moving average is $52.51 and its 200 day simple moving average is $49.19. The stock has a market cap of $55.51 billion, a P/E ratio of 9.25, a PEG ratio of 1.20 and a beta of 1.36. General Motors Company has a 12-month low of $41.60 and a 12-month 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 released its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, beating analysts' consensus estimates of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The business had revenue of $47.12 billion during the quarter, compared to analyst estimates of $45.87 billion. During the same quarter last year, the business posted $3.06 EPS. The company's revenue was down 1.8% on a year-over-year basis. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, research analysts anticipate that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders 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 dividend yield of 1.0%. General Motors's dividend payout ratio (DPR) is 9.52%.

Insider Buying and Selling

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 transaction, the executive vice president owned 8,513 shares in the company, valued at $451,274.13. This trade represents a 73.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Christopher Hatto sold 36,804 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $55.10, for a total value of $2,027,900.40. Following the transaction, the chief accounting officer owned 12,007 shares in the company, valued at $661,585.70. This trade represents a 75.40% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.54% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on GM. Benchmark began coverage on General Motors in a research note on Monday, July 21st. They issued a "buy" rating and a $65.00 target price for the company. Citigroup raised their target price on General Motors from $59.00 to $61.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Sanford C. Bernstein set a $36.00 target price on General Motors in a research note on Monday, May 5th. Barclays raised their target price on General Motors from $45.00 to $55.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Finally, JPMorgan Chase & Co. raised 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. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $58.05.

About General Motors

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.