Ieq Capital LLC Increases Stock Holdings in General Motors Company $GM

Key Points

• Ieq Capital LLC significantly increased its stake in General Motors by 233.7%, acquiring an additional 355,235 shares during the first quarter.
• General Motors reported $2.53 EPS for the last quarter, slightly above analyst expectations, with revenue of $47.12 billion, during which the company issued annual dividends amounting to $0.60 per share.
• Multiple hedge funds, including Vanguard Group, have also increased their holdings in General Motors, indicating a strong institutional interest as they now own 92.67% of the company's stock.

Ieq Capital LLC raised its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 233.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 507,213 shares of the auto manufacturer's stock after acquiring an additional 355,235 shares during the period. Ieq Capital LLC owned approximately 0.05% of General Motors worth $23,854,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Measured Risk Portfolios Inc. acquired a new stake in General Motors during the 4th quarter valued at approximately $27,000. Costello Asset Management INC acquired a new position in shares of General Motors in the 1st quarter valued at $32,000. North Capital Inc. acquired a new position in shares of General Motors in the 1st quarter valued at $40,000. SouthState Corp lifted its stake in shares of General Motors by 914.4% in the 1st quarter. SouthState Corp now owns 984 shares of the auto manufacturer's stock valued at $46,000 after purchasing an additional 887 shares during the period. Finally, Princeton Global Asset Management LLC lifted its stake in shares of General Motors by 141.0% in the 1st quarter. Princeton Global Asset Management LLC now owns 1,070 shares of the auto manufacturer's stock valued at $50,000 after purchasing an additional 626 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at General Motors

In other news, CEO Mary T. Barra sold 87,839 shares of the company's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $58.13, for a total transaction of $5,106,081.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Rory Harvey sold 23,977 shares of the company's stock in a transaction 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 sale, the executive vice president directly 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 disclosure for this sale can be found here. Insiders sold 1,070,311 shares of company stock valued at $62,095,433 over the last 90 days. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on GM shares. Barclays boosted their target price on shares of General Motors from $45.00 to $55.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. CLSA upgraded shares of General Motors to a "moderate buy" rating in a research note on Monday, July 7th. The Goldman Sachs Group reiterated a "buy" rating on shares of General Motors in a research note on Friday, July 11th. Wedbush boosted their price target on shares of General Motors from $55.00 to $65.00 and gave the stock an "outperform" rating in a report on Tuesday, August 19th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of General Motors in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $58.05.

General Motors Price Performance

NYSE GM traded up $0.15 on Friday, hitting $58.64. The company had a trading volume of 4,971,207 shares, compared to its average volume of 6,737,402. The company has a market capitalization of $55.83 billion, a PE ratio of 9.31, a PEG ratio of 1.23 and a beta of 1.36. The company's fifty day moving average price is $53.53 and its 200-day moving average price is $49.58. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05. General Motors Company has a 12-month low of $41.60 and a 12-month high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly 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. The company had revenue of $47.12 billion during the quarter, compared to analyst estimates of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The firm's revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, analysts predict that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, September 5th will be issued 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 dividend yield of 1.0%. General Motors's dividend payout ratio is presently 9.52%.

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.