Candriam S.C.A. Acquires 19,875 Shares of General Motors Company $GM

Key Points

• Candriam S.C.A. increased its stake in General Motors by 21.0%, acquiring an additional 19,875 shares in the first quarter, bringing its total holdings to 114,372 shares worth approximately $5.38 million.
• General Motors announced a quarterly dividend of $0.15 per share, with a dividend yield of 1.1%, set to be paid on September 18th.
• Analysts have a mixed outlook on General Motors, with a consensus rating of "Hold" and an average price target of $58.05, highlighting upgrades from firms like BNP Paribas and UBS Group.

Candriam S.C.A. grew its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 21.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 114,372 shares of the auto manufacturer's stock after acquiring an additional 19,875 shares during the quarter. Candriam S.C.A.'s holdings in General Motors were worth $5,379,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Hohimer Wealth Management LLC grew its position in shares of General Motors by 0.3% during the 1st quarter. Hohimer Wealth Management LLC now owns 70,377 shares of the auto manufacturer's stock worth $3,310,000 after buying an additional 230 shares during the period. HHM Wealth Advisors LLC grew its position in shares of General Motors by 14.4% during the 1st quarter. HHM Wealth Advisors LLC now owns 1,838 shares of the auto manufacturer's stock worth $86,000 after buying an additional 232 shares during the period. Aaron Wealth Advisors LLC grew its position in shares of General Motors by 3.6% during the 1st quarter. Aaron Wealth Advisors LLC now owns 6,709 shares of the auto manufacturer's stock worth $316,000 after buying an additional 235 shares during the period. Burford Brothers Inc. lifted its holdings in shares of General Motors by 2.8% during the 1st quarter. Burford Brothers Inc. now owns 8,718 shares of the auto manufacturer's stock valued at $410,000 after purchasing an additional 241 shares in the last quarter. Finally, Royal Capital Wealth Management LLC lifted its holdings in shares of General Motors by 5.3% during the 4th quarter. Royal Capital Wealth Management LLC now owns 5,060 shares of the auto manufacturer's stock valued at $270,000 after purchasing an additional 255 shares in the last quarter. 92.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. BNP Paribas upgraded General Motors to a "strong-buy" rating in a report on Monday, May 5th. UBS Group lifted their price objective on General Motors from $50.00 to $56.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Royal Bank Of Canada reiterated an "outperform" rating on shares of General Motors in a report on Thursday, July 24th. The Goldman Sachs Group reiterated a "buy" rating on shares of General Motors in a report on Friday, July 11th. Finally, CLSA upgraded General Motors to a "moderate buy" rating in a report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $58.05.

General Motors Trading Down 0.4%

NYSE:GM opened at $56.5350 on Friday. General Motors Company has a twelve month low of $41.60 and a twelve month 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. The business has a 50 day moving average price of $52.31 and a two-hundred day moving average price of $49.12. The company has a market cap of $53.83 billion, a P/E ratio of 8.97, a price-to-earnings-growth ratio of 1.20 and a beta of 1.36.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, topping 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 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 prior year, the firm posted $3.06 EPS. The business'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, analysts expect that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

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

Insider Activity at General Motors

In other news, CAO Christopher Hatto sold 36,804 shares of the stock in a transaction that occurred 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 value of $1,271,020.77. Following the completion of the sale, the executive vice president directly owned 8,513 shares of the company's stock, valued at approximately $451,274.13. The trade was a 73.80% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

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.

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