Boston Partners Buys Shares of 15,286 General Motors Company $GM

Boston Partners acquired a new stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,286 shares of the auto manufacturer's stock, valued at approximately $719,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of General Motors by 6.9% during the first quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer's stock valued at $4,672,023,000 after buying an additional 6,395,375 shares during the period. Invesco Ltd. increased its position in shares of General Motors by 4.5% during the first quarter. Invesco Ltd. now owns 13,746,152 shares of the auto manufacturer's stock valued at $646,482,000 after buying an additional 594,217 shares during the period. Northern Trust Corp increased its position in shares of General Motors by 8.1% during the fourth quarter. Northern Trust Corp now owns 10,930,178 shares of the auto manufacturer's stock valued at $582,251,000 after buying an additional 822,454 shares during the period. Goldman Sachs Group Inc. increased its position in shares of General Motors by 12.1% during the first quarter. Goldman Sachs Group Inc. now owns 9,447,099 shares of the auto manufacturer's stock valued at $444,297,000 after buying an additional 1,020,386 shares during the period. Finally, ACR Alpine Capital Research LLC increased its position in shares of General Motors by 4.0% during the first quarter. ACR Alpine Capital Research LLC now owns 7,691,140 shares of the auto manufacturer's stock valued at $361,714,000 after buying an additional 293,736 shares during the period. 92.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, 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 transaction 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 represents a 75.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rory Harvey sold 23,977 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were 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 approximately $451,274.13. This trade represents a 73.80% decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on GM. Bank of America dropped their price objective on shares of General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Piper Sandler reissued a "neutral" rating and set a $48.00 price objective (up previously from $43.00) on shares of General Motors in a research note on Thursday, May 22nd. JPMorgan Chase & Co. boosted their price objective on shares of General Motors from $56.00 to $60.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Industrial Alliance Securities set a $70.00 price objective on shares of General Motors in a research note on Friday, July 11th. Finally, Citigroup boosted their price objective on shares of General Motors from $59.00 to $61.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, General Motors currently has an average rating of "Hold" and a consensus price target of $58.05.

General Motors Stock Up 3.2%

Shares of NYSE GM traded up $1.7870 during midday trading on Friday, hitting $58.2970. The stock had a trading volume of 4,414,655 shares, compared to its average volume of 11,731,567. The business's 50 day moving average is $52.31 and its 200-day moving average is $49.12. The company has a market cap of $55.50 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 52 week low of $41.60 and a 52 week high of $61.24. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42.

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 for the quarter, beating analysts' consensus estimates of $2.52 by $0.01. The company had revenue of $47.12 billion for the quarter, compared to the consensus estimate of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.06 earnings per share. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, analysts predict that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors 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 9.52%.

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.