Brandywine Global Investment Management LLC Has $187.81 Million Stock Holdings in General Motors Company $GM

Key Points

• Brandywine Global Investment Management LLC reduced its stake in General Motors by 9.4%, owning approximately 3.99 million shares after selling 413,627 shares in the 1st quarter.
• General Motors recently announced a quarterly dividend of $0.15 per share, with an ex-dividend date of September 5th, translating to an annualized yield of 1.1%.
• Despite a slight decline in revenue year-over-year, General Motors reported a Q2 earnings per share of $2.53, exceeding estimates and reflecting a net margin of 2.54%.

Brandywine Global Investment Management LLC decreased its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 9.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,993,483 shares of the auto manufacturer's stock after selling 413,627 shares during the quarter. General Motors makes up 1.4% of Brandywine Global Investment Management LLC's portfolio, making the stock its 15th biggest position. Brandywine Global Investment Management LLC owned 0.42% of General Motors worth $187,814,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GM. Brighton Jones LLC lifted its stake in shares of General Motors by 456.1% in the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer's stock worth $2,062,000 after acquiring an additional 31,755 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of General Motors by 5.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 119,754 shares of the auto manufacturer's stock worth $6,372,000 after acquiring an additional 6,558 shares in the last quarter. CreativeOne Wealth LLC lifted its stake in shares of General Motors by 46.8% in the fourth quarter. CreativeOne Wealth LLC now owns 12,735 shares of the auto manufacturer's stock worth $678,000 after acquiring an additional 4,062 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in shares of General Motors by 4.2% in the fourth quarter. Evergreen Capital Management LLC now owns 12,296 shares of the auto manufacturer's stock worth $655,000 after acquiring an additional 493 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of General Motors by 202.6% in the fourth quarter. NewEdge Advisors LLC now owns 63,783 shares of the auto manufacturer's stock worth $3,398,000 after acquiring an additional 42,707 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

Wall Street Analyst Weigh In

GM has been the topic of several recent analyst reports. UBS Group boosted their price target on General Motors from $50.00 to $56.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Wedbush increased their target price on General Motors from $55.00 to $65.00 and gave the stock an "outperform" rating in a report on Tuesday. Citigroup increased their target price on General Motors from $59.00 to $61.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Wells Fargo & Company increased their target price on General Motors from $34.00 to $38.00 and gave the stock an "underweight" rating in a report on Wednesday, July 23rd. Finally, Sanford C. Bernstein set a $36.00 target price on General Motors in a report on Monday, May 5th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $58.05.

General Motors Stock Performance

GM traded down $0.09 during trading hours on Wednesday, hitting $56.97. The company's stock had a trading volume of 2,078,902 shares, compared to its average volume of 11,766,603. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $61.24. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $54.24 billion, a PE ratio of 9.05, a PEG ratio of 1.19 and a beta of 1.36. The company has a 50-day simple moving average of $52.03 and a 200 day simple moving average of $49.01.

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 EPS for the quarter, beating the consensus estimate of $2.52 by $0.01. The firm had revenue of $47.12 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period last year, the firm earned $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, sell-side analysts expect that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 5th. General Motors's dividend payout ratio (DPR) is presently 9.52%.

Insiders Place Their Bets

In other General Motors news, 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 transaction 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. This trade represents a 73.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Christopher Hatto sold 36,804 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $55.10, for a total value of $2,027,900.40. Following the sale, the chief accounting officer directly 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. Company insiders own 0.54% of the company's stock.

General Motors 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.