GSA Capital Partners LLP Acquires New Position in General Motors Company $GM

Key Points

• GSA Capital Partners acquired 15,138 General Motors shares worth approximately $1.17 million in the second quarter. Institutional investors collectively own 92.67% of GM’s stock.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $101.41. Barclays, Piper Sandler and Deutsche Bank all maintained or issued overweight/buy ratings.
• GM beat quarterly expectations with earnings of $3.57 per share and revenue of $48.03 billion, while declaring a $0.18 quarterly dividend. Insiders sold roughly 1.25 million shares worth $106.8 million over the past three months, including sales by CEO Mary Barra and EVP Grant Dixton under Rule 10b5-1 plans.

GSA Capital Partners LLP acquired a new stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 15,138 shares of the auto manufacturer's stock, valued at approximately $1,167,000.

A number of other institutional investors have also bought and sold shares of GM. Franklin Resources Inc. boosted its stake in General Motors by 2.7% during the fourth quarter. Franklin Resources Inc. now owns 32,158,403 shares of the auto manufacturer's stock worth $2,615,121,000 after buying an additional 835,645 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of General Motors by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 22,242,381 shares of the auto manufacturer's stock worth $1,802,668,000 after acquiring an additional 267,477 shares during the last quarter. Capital World Investors raised its holdings in shares of General Motors by 7.8% during the 4th quarter. Capital World Investors now owns 19,536,049 shares of the auto manufacturer's stock worth $1,588,688,000 after acquiring an additional 1,405,530 shares during the period. AQR Capital Management LLC raised its holdings in shares of General Motors by 5.5% during the 3rd quarter. AQR Capital Management LLC now owns 14,252,689 shares of the auto manufacturer's stock worth $868,986,000 after acquiring an additional 748,831 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of General Motors by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,225,518 shares of the auto manufacturer's stock valued at $1,059,668,000 after acquiring an additional 77,100 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GM has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of General Motors from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. Barclays increased their price target on shares of General Motors from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Wednesday, July 22nd. Piper Sandler restated an "overweight" rating and set a $102.00 price target on shares of General Motors in a report on Wednesday, April 29th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of General Motors in a research report on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $100.00 price objective on shares of General Motors in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, General Motors presently has a consensus rating of "Moderate Buy" and an average target price of $101.41.

Insider Activity at General Motors

In other General Motors news, EVP Grant Michael Dixton sold 40,000 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $88.44, for a total transaction of $3,537,600.00. Following the sale, the executive vice president owned 54,992 shares of the company's stock, valued at approximately $4,863,492.48. This trade represents a 42.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 318,448 shares of the company's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $90.38, for a total transaction of $28,781,330.24. Following the completion of the transaction, the chief executive officer owned 428,994 shares of the company's stock, valued at approximately $38,772,477.72. The trade was a 42.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,247,053 shares of company stock valued at $106,763,425. Company insiders own 0.44% of the company's stock.

General Motors Trading Down 2.7%

NYSE GM opened at $84.45 on Tuesday. General Motors Company has a 52 week low of $54.33 and a 52 week high of $91.85. The firm has a 50 day moving average of $81.67 and a two-hundred day moving average of $79.52. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $74.10 billion, a PE ratio of 42.65, a price-to-earnings-growth ratio of 0.40 and a beta of 1.30.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share for the quarter, beating analysts' consensus estimates of $3.19 by $0.38. The business had revenue of $48.03 billion for the quarter, compared to analyst estimates of $47.01 billion. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The company's revenue was up 1.9% on a year-over-year basis. During the same period last year, the business earned $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. As a group, research analysts expect that General Motors Company will post 13.29 EPS for the current fiscal year.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Friday, September 4th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, September 4th. General Motors's dividend payout ratio is 36.36%.

About General Motors

General Motors Company NYSE: GM is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world's largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM's operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.

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