Diversified Trust Co Boosts Stake in General Motors Company $GM

Key Points

• Diversified Trust Co increased its stake in General Motors by 50.8% in the second quarter, now owning 22,951 shares valued at approximately $1.1 million.
• Several institutional investors significantly increased their holdings, with Assenagon Asset Management growing its stake by 62.1% and now holding over 4.6 million shares worth $228 million.
• General Motors reported $2.53 EPS for the latest quarter, exceeding expectations, while the firm also announced a quarterly dividend of $0.15 per share, yielding 1.0% annually.

Diversified Trust Co raised its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 50.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,951 shares of the auto manufacturer's stock after purchasing an additional 7,736 shares during the quarter. Diversified Trust Co's holdings in General Motors were worth $1,129,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. grew its stake in General Motors by 62.1% during the 2nd 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 in the last quarter. Perpetual Ltd lifted its position 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 acquiring an additional 3,439 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in General Motors during the 2nd quarter worth approximately $125,583,000. ARS Wealth Advisors Group LLC purchased a new position in shares of General Motors during the 2nd quarter worth approximately $259,000. Finally, Exchange Traded Concepts LLC increased its stake in General Motors by 1.5% in the 2nd quarter. Exchange Traded Concepts LLC now owns 292,345 shares of the auto manufacturer's stock valued at $14,386,000 after purchasing an additional 4,289 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Stock Performance

Shares of NYSE GM opened at $58.94 on Monday. General Motors Company has a 12-month low of $41.60 and a 12-month high of $61.24. The company has a market cap of $56.12 billion, a PE ratio of 9.36, a P/E/G ratio of 1.24 and a beta of 1.32. The stock has a 50 day simple moving average of $55.71 and a 200-day simple moving average of $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 (NYSE:GM - Get Free Report) TSE: GMM.U last announced its 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. 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 for the quarter, compared to analysts' expectations of $45.87 billion. During the same quarter in the previous year, the company earned $3.06 earnings per share. The firm's quarterly revenue 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. On average, equities research analysts forecast that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

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

Insiders Place Their Bets

In related news, CEO Mary T. Barra sold 907,024 shares of the firm's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $58.24, for a total value of $52,825,077.76. Following the completion of the sale, the chief executive officer owned 552,238 shares of the company's stock, valued at $32,162,341.12. This trade represents a 62.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Christopher Hatto sold 36,804 shares of the firm's 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 completion of the sale, the chief accounting officer directly 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 disclosure for this sale can be found here. Insiders have sold 1,104,256 shares of company stock valued at $64,129,551 over the last three months. 0.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on GM shares. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of General Motors in a research note on Thursday, July 24th. Wedbush lifted their target price on General Motors from $55.00 to $65.00 and gave the company an "outperform" rating in a report on Tuesday, August 19th. The Goldman Sachs Group reiterated a "buy" rating on shares of General Motors in a report on Friday, July 11th. Industrial Alliance Securities set a $70.00 target price on General Motors in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. raised their price objective on General Motors from $56.00 to $60.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. One 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 MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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.

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