IFM Investors Pty Ltd Has $9.08 Million Stake in General Motors Company $GM

Key Points

• IFM Investors Pty Ltd reduced its stake in General Motors by 13.5% during the second quarter, holding 184,558 shares valued at approximately $9.08 million.
• A number of institutional investors, including AQR Capital Management and Vanguard Group, have significantly increased their positions in GM, with AQR boosting its stake by 146.8%.
• General Motors reported a quarterly EPS of $2.53, slightly exceeding estimates, but the company's revenue decreased by 1.8% compared to the same quarter last year.

IFM Investors Pty Ltd lowered its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 13.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,558 shares of the auto manufacturer's stock after selling 28,912 shares during the period. IFM Investors Pty Ltd's holdings in General Motors were worth $9,082,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in GM. Brighton Jones LLC grew its position in General Motors by 456.1% in the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer's stock valued at $2,062,000 after purchasing an additional 31,755 shares in the last quarter. Vident Advisory LLC lifted its stake in General Motors by 8.3% in the fourth quarter. Vident Advisory LLC now owns 15,982 shares of the auto manufacturer's stock valued at $851,000 after acquiring an additional 1,223 shares during the last quarter. Woodline Partners LP acquired a new stake in General Motors in the fourth quarter valued at $3,518,000. Waverly Advisors LLC lifted its stake in General Motors by 71.9% in the fourth quarter. Waverly Advisors LLC now owns 21,166 shares of the auto manufacturer's stock valued at $1,127,000 after acquiring an additional 8,851 shares during the last quarter. Finally, Vise Technologies Inc. acquired a new stake in General Motors in the fourth quarter valued at $312,000. Institutional investors own 92.67% of the company's stock.

Insiders Place Their Bets

In other General Motors news, EVP Rory Harvey sold 4,459 shares of the business's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $59.95, for a total transaction of $267,317.05. Following the sale, the executive vice president directly owned 8,513 shares of the company's stock, valued at $510,354.35. The trade was a 34.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mary T. Barra sold 29,486 shares of the business's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $59.92, for a total transaction of $1,766,801.12. Following the sale, the chief executive officer directly owned 633,527 shares in the company, valued at $37,960,937.84. The trade was a 4.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,104,256 shares of company stock valued at $64,129,551 in the last ninety days. 0.54% of the stock is currently owned by insiders.

General Motors Price Performance

Shares of General Motors stock traded down $0.34 during midday trading on Tuesday, hitting $58.54. 2,869,614 shares of the company traded hands, compared to its average volume of 11,167,281. The stock has a market cap of $55.73 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 1.24 and a beta of 1.32. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22. The firm's fifty day moving average price is $55.82 and its 200-day moving average price is $50.83. 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 posted its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share 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 firm had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. During the same period in the previous year, the firm posted $3.06 EPS. 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. As a group, sell-side analysts forecast that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, September 5th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, September 5th. General Motors's payout ratio is presently 9.52%.

Analysts Set New Price Targets

GM has been the subject of a number of research reports. UBS Group raised their target price 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. Bank of America cut their target price on shares of General Motors from $65.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. raised their target price on shares of General Motors from $56.00 to $60.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. The Goldman Sachs Group reaffirmed a "buy" rating on shares of General Motors in a research report on Friday, July 11th. Finally, Citigroup raised their price target on shares of General Motors from $61.00 to $75.00 and gave the stock a "buy" rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $60.21.

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.