Ethic Inc. Has $3.39 Million Stake in General Motors Company $GM

Key Points

• Ethic Inc. increased its stake in General Motors by 7.1% during Q1, holding a total of 71,810 shares valued at $3,394,000.
• Institutional investors currently own 92.67% of General Motors' stock, with several hedge funds making significant changes to their positions in recent quarters.
• General Motors announced a $0.15 quarterly dividend to be paid on September 18, representing a 1.1% dividend yield, with the company's payout ratio presently at 9.52%.

Ethic Inc. grew its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 7.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 71,810 shares of the auto manufacturer's stock after purchasing an additional 4,753 shares during the quarter. Ethic Inc.'s holdings in General Motors were worth $3,394,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Measured Risk Portfolios Inc. acquired a new position in shares of General Motors during the 4th quarter worth $27,000. Costello Asset Management INC acquired a new stake in shares of General Motors during the first quarter worth approximately $32,000. Transce3nd LLC acquired a new stake in shares of General Motors during the fourth quarter worth approximately $34,000. North Capital Inc. bought a new position in General Motors during the first quarter worth $40,000. Finally, Ossiam bought a new stake in General Motors in the fourth quarter valued at $44,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

Insider Activity at General Motors

In related news, EVP Rory Harvey sold 23,977 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was 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 of the company's stock, valued at approximately $451,274.13. This represents a 73.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Christopher Hatto sold 36,804 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 12,007 shares of the company's stock, valued at $661,585.70. This trade represents a 75.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GM shares. 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. The Goldman Sachs Group reiterated a "buy" rating on shares of General Motors in a report on Friday, July 11th. BNP Paribas upgraded General Motors to a "strong-buy" rating in a report on Monday, May 5th. Barclays boosted their target price on General Motors from $45.00 to $55.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $48.00 price target (up from $43.00) on shares of General Motors in a research report on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, General Motors presently has an average rating of "Hold" and a consensus target price of $58.05.

General Motors Trading Up 1.4%

Shares of General Motors stock traded up $0.7860 during trading hours on Tuesday, hitting $57.0160. The company's stock had a trading volume of 5,986,445 shares, compared to its average volume of 9,634,306. 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 company has a market capitalization of $54.28 billion, a PE ratio of 9.05, a price-to-earnings-growth ratio of 1.19 and a beta of 1.36. General Motors Company has a 12 month low of $41.60 and a 12 month high of $61.24. The stock has a 50 day moving average of $52.03 and a 200 day moving average of $49.01.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.52 by $0.01. The business had revenue of $47.12 billion during 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%.General Motors's quarterly revenue was down 1.8% on a year-over-year basis. During the same period last year, the company earned $3.06 earnings per share. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Analysts predict that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, September 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. General Motors's dividend payout ratio (DPR) is presently 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.