Counterpoint Mutual Funds LLC Takes Position in General Motors Company $GM

Key Points

• Counterpoint Mutual Funds LLC acquired 6,310 shares of General Motors valued at approximately $311,000 during the 2nd quarter, according to a recent SEC filing.
• Insider trading activity revealed that CAO Christopher Hatto and EVP Rory Harvey sold significant portions of their GM shares, with Hatto's sale resulting in a 75.40% decrease in his position.
• General Motors recently announced a quarterly $0.15 dividend, representing a 1.0% yield, and reported earnings that slightly surpassed forecasts with a net revenue of $47.12 billion for the quarter.

Counterpoint Mutual Funds LLC acquired a new stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,310 shares of the auto manufacturer's stock, valued at approximately $311,000.

Several other institutional investors and hedge funds have also made changes to their positions in GM. Costello Asset Management INC purchased a new position in General Motors during the first quarter worth about $32,000. WPG Advisers LLC purchased a new position in General Motors during the first quarter worth about $34,000. North Capital Inc. purchased a new position in General Motors during the first quarter worth about $40,000. Banque Transatlantique SA purchased a new position in General Motors during the first quarter worth about $40,000. Finally, SouthState Corp lifted its position in General Motors by 914.4% during the first quarter. SouthState Corp now owns 984 shares of the auto manufacturer's stock worth $46,000 after buying an additional 887 shares during the period. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Christopher Hatto sold 36,804 shares of General Motors stock in a transaction 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 transaction, the chief accounting officer directly owned 12,007 shares in the company, valued at $661,585.70. The trade was a 75.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Rory Harvey sold 23,977 shares of General Motors stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total value of $1,271,020.77. Following the completion of the transaction, the executive vice president owned 8,513 shares in the company, valued at $451,274.13. The trade was a 73.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,104,256 shares of company stock worth $64,129,551 in the last three months. 0.54% of the stock is currently owned by insiders.

General Motors Price Performance

Shares of GM opened at $59.89 on Thursday. General Motors Company has a one year low of $41.60 and a one year high of $61.24. The firm has a market capitalization of $57.02 billion, a price-to-earnings ratio of 9.51, a price-to-earnings-growth ratio of 1.24 and a beta of 1.32. The stock's fifty day moving average is $56.08 and its 200-day moving average is $50.94. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22.

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

General Motors Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GM. Wedbush increased their target price on General Motors from $55.00 to $65.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. Bank of America reduced their target price on General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Benchmark started coverage on General Motors in a research report on Monday, July 21st. They set a "buy" rating and a $65.00 target price on the stock. Citigroup upped their price target on General Motors from $61.00 to $75.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Barclays upgraded General Motors from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $55.00 to $73.00 in a research note on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $61.53.

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.

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