Groupe la Francaise Decreases Stock Position in General Motors Company $GM

Key Points

• Groupe la Francaise significantly reduced its holdings in General Motors by 50.3%, ending up with 21,069 shares valued at approximately $994,000.
• Multiple large investors recently increased their stakes, with Brighton Jones LLC boosting its position by 456.1%.
• General Motors announced a quarterly dividend of $0.15 per share, reflecting a 1.0% yield, scheduled for payment on September 18th.

Groupe la Francaise cut its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 50.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,069 shares of the auto manufacturer's stock after selling 21,310 shares during the quarter. Groupe la Francaise's holdings in General Motors were worth $994,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of GM. Measured Risk Portfolios Inc. purchased a new stake in shares of General Motors during the fourth quarter worth about $27,000. Costello Asset Management INC purchased a new stake in shares of General Motors during the first quarter worth about $32,000. North Capital Inc. purchased a new stake in shares of General Motors during the first quarter worth about $40,000. SouthState Corp grew its holdings in shares of General Motors by 914.4% during the first quarter. SouthState Corp now owns 984 shares of the auto manufacturer's stock worth $46,000 after buying an additional 887 shares in the last quarter. Finally, Princeton Global Asset Management LLC grew its holdings in shares of General Motors by 141.0% during the first quarter. Princeton Global Asset Management LLC now owns 1,070 shares of the auto manufacturer's stock worth $50,000 after buying an additional 626 shares in the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GM. Industrial Alliance Securities set a $70.00 price target on shares of General Motors in a report on Friday, July 11th. Wedbush lifted 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. UBS Group boosted their target price on shares of General Motors from $50.00 to $56.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Piper Sandler restated a "neutral" rating and issued a $48.00 target price (up from $43.00) on shares of General Motors in a report on Thursday, May 22nd. Finally, Citigroup boosted their target price on shares of General Motors from $59.00 to $61.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. One research 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 assigned a Sell rating to the stock. According to MarketBeat, General Motors currently has a consensus rating of "Hold" and a consensus target price of $58.05.

General Motors Trading Down 0.4%

GM traded down $0.25 during trading on Thursday, hitting $58.51. 7,209,249 shares of the company's stock were exchanged, compared to its average volume of 11,629,676. 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 Company has a 1 year low of $41.60 and a 1 year high of $61.24. The stock has a 50 day moving average price of $53.11 and a 200 day moving average price of $49.42. The firm has a market cap of $55.70 billion, a P/E ratio of 9.29, a price-to-earnings-growth ratio of 1.24 and a beta of 1.36.

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

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, September 5th. General Motors's payout ratio is currently 9.52%.

Insider Activity at General Motors

In other General Motors news, EVP Rory Harvey sold 23,977 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the completion of the sale, the executive vice president directly owned 8,513 shares in the company, valued at $451,274.13. The trade was a 73.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Christopher Hatto sold 36,804 shares of the business's stock in a transaction that occurred on 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 sale, the chief accounting officer owned 12,007 shares of the company's stock, valued at approximately $661,585.70. This represents a 75.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

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.