General Motors Company $GM Holdings Lifted by Algert Global LLC

Key Points

• Algert Global LLC increased its stake in General Motors by 18.6% during the first quarter, bringing their total share ownership to 115,159 shares valued at $5.4 million.
• General Motors recently reported earnings of $2.53 per share, surpassing analysts' expectations, with quarterly revenue of $47.12 billion.
• The company announced a quarterly dividend of $0.15 per share, translating to an annualized yield of 1.1%, with the ex-dividend date set for September 5th.

Algert Global LLC raised its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 18.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 115,159 shares of the auto manufacturer's stock after purchasing an additional 18,065 shares during the period. Algert Global LLC's holdings in General Motors were worth $5,416,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Hohimer Wealth Management LLC raised its position in shares of General Motors by 0.3% during the 1st quarter. Hohimer Wealth Management LLC now owns 70,377 shares of the auto manufacturer's stock valued at $3,310,000 after acquiring an additional 230 shares in the last quarter. HHM Wealth Advisors LLC raised its position in shares of General Motors by 14.4% during the 1st quarter. HHM Wealth Advisors LLC now owns 1,838 shares of the auto manufacturer's stock valued at $86,000 after acquiring an additional 232 shares in the last quarter. Aaron Wealth Advisors LLC raised its position in shares of General Motors by 3.6% during the 1st quarter. Aaron Wealth Advisors LLC now owns 6,709 shares of the auto manufacturer's stock valued at $316,000 after acquiring an additional 235 shares in the last quarter. Burford Brothers Inc. raised its position in shares of General Motors by 2.8% during the 1st quarter. Burford Brothers Inc. now owns 8,718 shares of the auto manufacturer's stock valued at $410,000 after acquiring an additional 241 shares in the last quarter. Finally, Royal Capital Wealth Management LLC raised its position in shares of General Motors by 5.3% during the 4th quarter. Royal Capital Wealth Management LLC now owns 5,060 shares of the auto manufacturer's stock valued at $270,000 after acquiring an additional 255 shares in the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Christopher Hatto sold 36,804 shares of the firm's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $55.10, for a total transaction of $2,027,900.40. Following the completion of the transaction, the chief accounting officer 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Rory Harvey sold 23,977 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president directly owned 8,513 shares of the company's stock, valued at $451,274.13. This represents a 73.80% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Barclays upped their price target on General Motors from $45.00 to $55.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Royal Bank Of Canada reissued an "outperform" rating on shares of General Motors in a research report on Thursday, July 24th. JPMorgan Chase & Co. increased their target price on General Motors from $56.00 to $60.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Wells Fargo & Company increased their target price on General Motors from $34.00 to $38.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 23rd. Finally, Industrial Alliance Securities set a $70.00 target price on General Motors in a research report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, General Motors has a consensus rating of "Hold" and an average target price of $58.05.

General Motors Stock Performance

Shares of NYSE:GM traded up $1.7930 on Friday, hitting $58.3030. The company's stock had a trading volume of 6,313,781 shares, compared to its average volume of 7,222,763. General Motors Company has a 12 month low of $41.60 and a 12 month high of $61.24. The company has a market capitalization of $55.51 billion, a price-to-earnings ratio of 9.25, a price-to-earnings-growth ratio of 1.20 and a beta of 1.36. The stock's 50-day moving average is $52.51 and its two-hundred day moving average is $49.19. 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 released its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (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 company had revenue of $47.12 billion during the quarter, compared to analysts' expectations of $45.87 billion. During the same quarter in the prior year, the business posted $3.06 earnings per share. The company's revenue for the quarter 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 declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, September 5th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. General Motors's dividend payout ratio 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.