Diversified Trust Co Acquires 7,736 Shares of 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 grew its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 50.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,951 shares of the auto manufacturer's stock after buying an additional 7,736 shares during the period. Diversified Trust Co's holdings in General Motors were worth $1,129,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in General Motors by 456.1% in the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer's stock worth $2,062,000 after acquiring an additional 31,755 shares in the last quarter. Vident Advisory LLC increased its position in shares of General Motors by 8.3% during the fourth quarter. Vident Advisory LLC now owns 15,982 shares of the auto manufacturer's stock worth $851,000 after purchasing an additional 1,223 shares in the last quarter. Woodline Partners LP acquired a new stake in General Motors during the fourth quarter worth about $3,518,000. Vise Technologies Inc. acquired a new position in shares of General Motors during the 4th quarter worth about $312,000. Finally, Castlekeep Investment Advisors LLC purchased a new position in General Motors during the fourth quarter worth about $988,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

Insider Buying and Selling at General Motors

In other news, CAO Christopher Hatto sold 36,804 shares of the firm's stock in a transaction on 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 completion of the sale, the chief accounting officer owned 12,007 shares in the company, valued at approximately $661,585.70. This trade represents a 75.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mary T. Barra sold 907,024 shares of the firm's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $58.24, for a total transaction of $52,825,077.76. Following the transaction, 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 1,104,256 shares of company stock valued at $64,129,551. Corporate insiders own 0.54% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wedbush lifted their price target on shares of General Motors from $55.00 to $65.00 and gave the company an "outperform" rating in a research report on Tuesday, August 19th. JPMorgan Chase & Co. lifted their target price on General Motors from $56.00 to $60.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Royal Bank Of Canada restated an "outperform" rating on shares of General Motors in a report on Thursday, July 24th. Citigroup upped their price target on General Motors from $61.00 to $75.00 and gave the company a "buy" rating in a research report on Monday. Finally, Wells Fargo & Company upped their price target on General Motors from $34.00 to $38.00 and gave the company an "underweight" rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $59.74.

General Motors Stock Performance

Shares of General Motors stock traded down $0.04 during trading hours on Monday, reaching $58.94. The company had a trading volume of 7,633,787 shares, compared to its average volume of 6,589,462. The business has a fifty day simple moving average of $55.71 and a 200 day simple moving average of $50.74. General Motors Company has a one year low of $41.60 and a one year high of $61.24. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05. The firm has a market cap of $56.12 billion, a PE ratio of 9.36, a price-to-earnings-growth ratio of 1.24 and a beta of 1.32.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its 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. The firm had revenue of $47.12 billion for the quarter, compared to the consensus estimate of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, analysts anticipate that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

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