General Motors Company $GM Shares Sold by Interchange Capital Partners LLC

Key Points

• Interchange Capital Partners LLC reduced its stake in General Motors by 71.2%, selling 5,524 shares and leaving them with a total of 2,234 shares valued at $110,000.
• General Motors reported a quarterly EPS of $2.53, slightly exceeding market expectations, with revenue of $47.12 billion, down 1.8% year-over-year.
• Analyst price targets for General Motors have been raised, with predictions varying from $70.00 to $81.00, reflecting a positive outlook on the stock.

Interchange Capital Partners LLC cut its stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 71.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,234 shares of the auto manufacturer's stock after selling 5,524 shares during the quarter. Interchange Capital Partners LLC's holdings in General Motors were worth $110,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of GM. AQR Capital Management LLC lifted its holdings in General Motors by 146.8% in the first quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer's stock valued at $629,196,000 after acquiring an additional 8,012,743 shares during the period. Vanguard Group Inc. lifted its holdings in General Motors by 6.9% in the first quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer's stock valued at $4,672,023,000 after acquiring an additional 6,395,375 shares during the period. Nuveen LLC acquired a new position in General Motors in the first quarter valued at approximately $175,889,000. Kingstone Capital Partners Texas LLC acquired a new position in General Motors in the second quarter valued at approximately $125,583,000. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in General Motors by 17.5% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 12,822,632 shares of the auto manufacturer's stock valued at $603,048,000 after acquiring an additional 1,910,186 shares during the period. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Stock Up 2.7%

Shares of GM opened at $57.12 on Wednesday. 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 Company has a one year low of $41.60 and a one year high of $62.14. The stock has a market capitalization of $54.39 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 1.17 and a beta of 1.33. The stock has a 50 day moving average price of $57.76 and a 200 day moving average price of $51.89.

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. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The firm had revenue of $47.12 billion during the quarter, compared to analysts' expectations of $45.87 billion. During the same period in the previous year, the business earned $3.06 earnings per share. The firm'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. Equities research analysts forecast that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, September 5th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, September 5th. General Motors's payout ratio is presently 9.52%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on General Motors from $60.00 to $80.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 30th. The Goldman Sachs Group upped their target price on General Motors from $70.00 to $74.00 and gave the stock a "buy" rating in a research note on Monday, September 29th. Industrial Alliance Securities set a $70.00 target price on General Motors in a research note on Friday, July 11th. UBS Group raised General Motors from a "neutral" rating to a "buy" rating and upped their target price for the stock from $56.00 to $81.00 in a research note on Wednesday, September 24th. Finally, Citigroup upped their target price on General Motors from $61.00 to $75.00 and gave the stock a "buy" rating in a research note on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $65.00.

Insider Transactions at General Motors

In other General Motors news, EVP Rory Harvey sold 6,600 shares of the company's stock in a transaction on Friday, September 26th. The stock was sold at an average price of $61.95, for a total value of $408,870.00. Following the completion of the sale, the executive vice president directly owned 8,513 shares in the company, valued at $527,380.35. This represents a 43.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Christopher Hatto sold 23,400 shares of the company's stock in a transaction on Friday, September 26th. The shares were sold at an average price of $61.01, for a total value of $1,427,634.00. Following the completion of the sale, the chief accounting officer owned 12,007 shares of the company's stock, valued at approximately $732,547.07. The trade was a 66.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,074,824 shares of company stock valued at $122,377,213 over the last ninety days. Company insiders own 0.54% of the company's stock.

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.

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