Caxton Associates LLP Buys New Holdings in General Motors Company $GM

Key Points

• Caxton Associates LLP has acquired a new position in General Motors, purchasing 158,564 shares valued at approximately $7.46 million during the 1st quarter.
• General Motors reported earnings of $2.53 per share for the last quarter, exceeding analyst expectations, with revenue of $47.12 billion, down 1.8% compared to the previous year.
• The company declared a quarterly dividend of $0.15 per share, reflecting an annualized dividend of $0.60 and a yield of 1.0%.

Caxton Associates LLP purchased a new position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 158,564 shares of the auto manufacturer's stock, valued at approximately $7,457,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Measured Risk Portfolios Inc. purchased a new position in General Motors during the 4th quarter valued at about $27,000. Costello Asset Management INC purchased a new position in General Motors during the 1st quarter valued at about $32,000. WPG Advisers LLC purchased a new position in General Motors during the 1st quarter valued at about $34,000. North Capital Inc. purchased a new position in General Motors during the 1st quarter valued at about $40,000. Finally, Banque Transatlantique SA purchased a new position in General Motors during the 1st quarter valued at about $40,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

Insider Activity

In other General Motors news, CAO Christopher Hatto sold 36,804 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $661,585.70. This represents a 75.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Rory Harvey sold 23,977 shares of the company's stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 8,513 shares in the company, valued at $451,274.13. The trade was a 73.80% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,070,311 shares of company stock valued at $62,095,433. 0.54% of the stock is currently owned by insiders.

General Motors Stock Performance

Shares of GM traded down $0.20 during trading hours on Friday, hitting $58.51. The stock had a trading volume of 12,020,227 shares, compared to its average volume of 6,148,473. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22. The firm has a 50-day moving average price of $55.09 and a 200 day moving average price of $50.32. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $61.24. The firm has a market capitalization of $55.71 billion, a price-to-earnings ratio of 9.29, 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 quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, topping the consensus estimate of $2.52 by $0.01. The company had revenue of $47.12 billion during the quarter, compared to analyst estimates 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 was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.06 EPS. 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 EPS for the current year.

General Motors Dividend Announcement

The company also recently declared 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 of this dividend is Friday, September 5th. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. General Motors's payout ratio is presently 9.52%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GM. Wedbush lifted their price objective on shares of General Motors from $55.00 to $65.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of General Motors in a research report on Thursday, July 24th. Bank of America cut 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 report on Wednesday, July 23rd. Wells Fargo & Company lifted their target price on shares of General Motors from $34.00 to $38.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 23rd. Finally, Citigroup lifted their target price 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 investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $59.00.

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.