FCG Investment Co Has $1.69 Million Stock Position in General Motors Company $GM

Key Points

• FCG Investment Co increased its stake in General Motors by 55.4%, acquiring an additional 12,837 shares, bringing its total holdings to 36,026 shares valued at about $1.7 million.
• General Motors reported a quarterly earnings per share (EPS) of $2.53, slightly surpassing expectations, and has announced a quarterly dividend of $0.15, with an annualized yield of 1.1%.
• Corporate insiders have significantly reduced their ownership of GM shares, with notable sales from EVP Rory Harvey and CAO Christopher Hatto, indicating potential concerns about the company’s future performance.

FCG Investment Co lifted its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 55.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 36,026 shares of the auto manufacturer's stock after buying an additional 12,837 shares during the period. General Motors accounts for approximately 1.1% of FCG Investment Co's portfolio, making the stock its 28th largest holding. FCG Investment Co's holdings in General Motors were worth $1,694,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GM. Brighton Jones LLC increased its position in General Motors by 456.1% during the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer's stock worth $2,062,000 after purchasing an additional 31,755 shares during the last quarter. CreativeOne Wealth LLC boosted its stake in shares of General Motors by 46.8% in the fourth quarter. CreativeOne Wealth LLC now owns 12,735 shares of the auto manufacturer's stock valued at $678,000 after purchasing an additional 4,062 shares during the period. Evergreen Capital Management LLC boosted its stake in shares of General Motors by 4.2% in the fourth quarter. Evergreen Capital Management LLC now owns 12,296 shares of the auto manufacturer's stock valued at $655,000 after purchasing an additional 493 shares during the period. NewEdge Advisors LLC boosted its stake in shares of General Motors by 202.6% in the fourth quarter. NewEdge Advisors LLC now owns 63,783 shares of the auto manufacturer's stock valued at $3,398,000 after purchasing an additional 42,707 shares during the period. Finally, Marshall Wace LLP purchased a new position in shares of General Motors in the fourth quarter valued at $31,962,000. Institutional investors and hedge funds own 92.67% of the company's stock.

Insider Buying and Selling at General Motors

In other General Motors news, EVP Rory Harvey sold 23,977 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $53.01, for a total value of $1,271,020.77. Following the sale, the executive vice president owned 8,513 shares of the company's stock, valued at $451,274.13. The trade was a 73.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Christopher Hatto sold 36,804 shares of the business's stock in a transaction 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 in the company, valued at $661,585.70. This trade represents a 75.40% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.54% of the company's stock.

General Motors Stock Performance

Shares of General Motors stock traded up $0.7860 on Tuesday, reaching $57.0160. The stock had a trading volume of 5,986,445 shares, compared to its average volume of 9,634,306. The business's 50-day moving average price is $52.03 and its two-hundred day moving average price is $49.01. 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 Company has a fifty-two week low of $41.60 and a fifty-two week high of $61.24. The stock has a market cap of $54.28 billion, a P/E ratio of 9.05, a price-to-earnings-growth ratio of 1.19 and a beta of 1.36.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.52 by $0.01. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The business had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. During the same quarter in the previous year, the firm posted $3.06 earnings per share. General Motors's 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, sell-side analysts forecast 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 will be paid on Thursday, September 18th. Investors 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 dividend on an annualized basis and a yield of 1.1%. General Motors's payout ratio is 9.52%.

Wall Street Analysts Forecast Growth

GM has been the topic of a number of research analyst reports. Mizuho increased their price objective on shares of General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Wedbush lifted their price objective on shares of General Motors from $55.00 to $65.00 and gave the company an "outperform" rating in a research report on Tuesday. The Goldman Sachs Group reissued a "buy" rating on shares of General Motors in a research note on Friday, July 11th. Citigroup lifted their price objective 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. Finally, UBS Group lifted their price objective on shares of General Motors from $50.00 to $56.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. One investment 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 given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $58.05.

About General Motors

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.