Te Ahumairangi Investment Management Ltd lifted its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 7.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,462 shares of the auto manufacturer's stock after acquiring an additional 6,250 shares during the period. Te Ahumairangi Investment Management Ltd's holdings in General Motors were worth $4,301,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. WPG Advisers LLC bought a new stake in General Motors during the 1st quarter valued at about $34,000. State of Wyoming acquired a new stake in General Motors in the first quarter valued at approximately $184,000. Trexquant Investment LP increased its holdings in shares of General Motors by 180.8% in the 1st quarter. Trexquant Investment LP now owns 677,198 shares of the auto manufacturer's stock valued at $31,849,000 after acquiring an additional 435,996 shares during the period. Landscape Capital Management L.L.C. raised its stake in shares of General Motors by 233.8% during the 1st quarter. Landscape Capital Management L.L.C. now owns 37,665 shares of the auto manufacturer's stock worth $1,771,000 after buying an additional 26,380 shares during the last quarter. Finally, Ieq Capital LLC raised its stake in General Motors by 233.7% in the 1st quarter. Ieq Capital LLC now owns 507,213 shares of the auto manufacturer's stock valued at $23,854,000 after purchasing an additional 355,235 shares during the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on GM shares. BNP Paribas raised General Motors to a "strong-buy" rating in a research report on Monday, May 5th. Bank of America cut their price objective on General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. CLSA upgraded General Motors to a "moderate buy" rating in a report on Monday, July 7th. Wedbush increased their target price on General Motors from $55.00 to $65.00 and gave the company an "outperform" rating in a research note on Tuesday, August 19th. Finally, Benchmark assumed coverage on General Motors in a research report on Monday, July 21st. They set a "buy" rating and a $65.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $58.05.
Check Out Our Latest Analysis on GM
General Motors Stock Down 0.2%
Shares of GM traded down $0.10 during trading hours on Tuesday, reaching $58.49. The stock had a trading volume of 5,670,029 shares, compared to its average volume of 11,546,573. The firm has a 50-day simple moving average of $53.73 and a 200 day simple moving average of $49.68. 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 $55.69 billion, a price-to-earnings ratio of 9.28, a P/E/G ratio of 1.24 and a beta of 1.32. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42.
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 for the quarter, beating the consensus estimate of $2.52 by $0.01. The company had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The firm's revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.06 earnings per share. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Equities research analysts predict that General Motors Company will post 11.44 earnings per share for the current fiscal year.
General Motors Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.15 per share. 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 payout ratio is currently 9.52%.
Insider Activity at General Motors
In related news, CAO Christopher Hatto sold 14,667 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $59.00, for a total transaction of $865,353.00. Following the completion of the sale, the chief accounting officer directly owned 12,007 shares in the company, valued at approximately $708,413. This trade represents a 54.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mary T. Barra sold 87,839 shares of General Motors stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $58.13, for a total transaction of $5,106,081.07. The disclosure for this sale can be found here. Insiders sold a total of 1,070,311 shares of company stock valued at $62,095,433 in the last quarter. Insiders own 0.54% of the company's stock.
General Motors Company Profile
(
Free Report)
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.
Further Reading
Before you consider General Motors, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and General Motors wasn't on the list.
While General Motors currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
