General Motors Company $GM Stake Increased by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio increased its stake in General Motors by 2.1%, holding 632,331 shares valued at approximately $31.1 million.
• CEO Mary T. Barra sold over 900,000 shares of General Motors, significantly reducing her ownership by 62.16%.
• General Motors reported a quarterly EPS of $2.53, exceeding expectations, alongside a 1.8% year-over-year decline in revenue.

Public Employees Retirement System of Ohio increased its stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 2.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 632,331 shares of the auto manufacturer's stock after buying an additional 13,097 shares during the period. Public Employees Retirement System of Ohio owned about 0.07% of General Motors worth $31,117,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Sowell Financial Services LLC increased its stake in shares of General Motors by 2.9% in the second quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer's stock worth $336,000 after buying an additional 195 shares during the last quarter. ICONIQ Capital LLC increased its stake in shares of General Motors by 4.2% in the first quarter. ICONIQ Capital LLC now owns 5,434 shares of the auto manufacturer's stock worth $256,000 after buying an additional 220 shares during the last quarter. Hohimer Wealth Management LLC increased its stake in shares of General Motors by 0.3% in the first quarter. Hohimer Wealth Management LLC now owns 70,377 shares of the auto manufacturer's stock worth $3,310,000 after buying an additional 230 shares during the last quarter. HHM Wealth Advisors LLC increased its stake in shares of General Motors by 14.4% in the first quarter. HHM Wealth Advisors LLC now owns 1,838 shares of the auto manufacturer's stock worth $86,000 after buying an additional 232 shares during the last quarter. Finally, Aaron Wealth Advisors LLC increased its stake in shares of General Motors by 3.6% in the first quarter. Aaron Wealth Advisors LLC now owns 6,709 shares of the auto manufacturer's stock worth $316,000 after buying an additional 235 shares during the last quarter. Institutional investors own 92.67% of the company's stock.

Insider Transactions at General Motors

In other news, CEO Mary T. Barra sold 907,024 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $58.24, for a total value of $52,825,077.76. Following the completion of the transaction, the chief executive officer owned 552,238 shares of the company's stock, valued at approximately $32,162,341.12. This represents a 62.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Rory Harvey sold 23,977 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total value of $1,271,020.77. Following the completion of the transaction, the executive vice president directly owned 8,513 shares of the company's stock, valued at approximately $451,274.13. The trade was a 73.80% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,104,256 shares of company stock valued at $64,129,551. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Industrial Alliance Securities set a $70.00 price target on General Motors in a research report on Friday, July 11th. The Goldman Sachs Group reissued a "buy" rating on shares of General Motors in a research report on Friday, July 11th. Wells Fargo & Company upped their price target on General Motors from $34.00 to $38.00 and gave the company an "underweight" rating in a research report on Wednesday, July 23rd. Bank of America dropped their price target on General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. upped their price target on General Motors from $56.00 to $60.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, General Motors currently has a consensus rating of "Moderate Buy" and an average price target of $61.53.

General Motors Price Performance

Shares of GM opened at $59.89 on Thursday. The company has a market cap of $57.02 billion, a P/E ratio of 9.51, a PEG ratio of 1.24 and a beta of 1.32. The stock has a fifty day moving average price of $56.08 and a 200 day moving average price of $50.94. 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 data on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, topping analysts' consensus estimates of $2.52 by $0.01. The firm had revenue of $47.12 billion during the quarter, compared to the consensus estimate 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 prior year, the business earned $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, research analysts forecast that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

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

About General Motors

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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