BDF Gestion Reduces Position in General Motors Company $GM

Key Points

• BDF Gestion has decreased its stake in General Motors by 9.8%, now owning 49,577 shares valued at approximately $2.44 million.
• General Motors reported $2.53 earnings per share for its most recent quarter, surpassing analyst forecasts and held a revenue of $47.12 billion.
• CEO Mary T. Barra sold over 907,000 shares of GM stock, significantly reducing her ownership by 62.16% in a recent transaction.

BDF Gestion decreased its position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 9.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,577 shares of the auto manufacturer's stock after selling 5,403 shares during the quarter. BDF Gestion's holdings in General Motors were worth $2,440,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Diversified Trust Co grew its holdings in General Motors by 50.8% during the second quarter. Diversified Trust Co now owns 22,951 shares of the auto manufacturer's stock worth $1,129,000 after purchasing an additional 7,736 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of General Motors by 62.1% during the second quarter. Assenagon Asset Management S.A. now owns 4,633,472 shares of the auto manufacturer's stock worth $228,013,000 after purchasing an additional 1,774,513 shares during the period. Perpetual Ltd lifted its holdings in General Motors by 13.7% during the 2nd quarter. Perpetual Ltd now owns 28,464 shares of the auto manufacturer's stock worth $1,401,000 after purchasing an additional 3,439 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of General Motors in the second quarter valued at about $125,583,000. Finally, ARS Wealth Advisors Group LLC acquired a new position in shares of General Motors in the second quarter valued at about $259,000. Institutional investors and hedge funds own 92.67% of the company's stock.

Insiders Place Their Bets

In other news, EVP Rory Harvey sold 4,459 shares of the company's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $59.95, for a total transaction of $267,317.05. Following the completion of the transaction, the executive vice president directly owned 8,513 shares of the company's stock, valued at approximately $510,354.35. This represents a 34.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Christopher Hatto sold 14,667 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $59.00, for a total transaction of $865,353.00. Following the completion of the transaction, the chief accounting officer directly owned 12,007 shares of the company's stock, valued at approximately $708,413. The trade was a 54.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,104,256 shares of company stock valued at $64,129,551 over the last three months. Insiders own 0.54% of the company's stock.

General Motors Stock Performance

Shares of NYSE:GM traded down $0.32 during mid-day trading on Friday, reaching $58.94. The company had a trading volume of 13,158,591 shares, compared to its average volume of 6,589,462. The company's 50-day moving average price is $55.71 and its 200-day moving average price is $50.74. 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 one year low of $41.60 and a one year high of $61.24. The firm has a market cap of $56.12 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 1.24 and a beta of 1.32.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued 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 business had revenue of $47.12 billion for the quarter, compared to analysts' expectations of $45.87 billion. During the same quarter in the previous year, the firm posted $3.06 EPS. The business'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. As a group, equities research analysts anticipate that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on GM shares. Benchmark began coverage on General Motors in a report on Monday, July 21st. They set a "buy" rating and a $65.00 target price on the stock. JPMorgan Chase & Co. boosted their price objective on shares of General Motors from $56.00 to $60.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. The Goldman Sachs Group restated a "buy" rating on shares of General Motors in a research report on Friday, July 11th. CLSA upgraded shares of General Motors to a "moderate buy" rating in a research report on Monday, July 7th. Finally, Bank of America lowered their price target on shares of General Motors from $65.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $59.00.

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.