IFM Investors Pty Ltd Sells 4,976 Shares of General Motors Company $GM

Key Points

• IFM Investors Pty Ltd reduced its stake in General Motors by 2.3%, selling 4,976 shares, leaving them with a total of 213,470 shares valued at approximately $10 million.
• General Motors reported earnings of $2.53 per share, slightly beating estimates, with quarterly revenue of $47.12 billion, a decline of 1.8% compared to the previous year.
• The company declared a quarterly dividend of $0.15 per share, marking a 1.0% dividend yield, with a payout ratio of 9.52%.

IFM Investors Pty Ltd cut its stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 2.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 213,470 shares of the auto manufacturer's stock after selling 4,976 shares during the quarter. IFM Investors Pty Ltd's holdings in General Motors were worth $10,039,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GM. Brighton Jones LLC lifted its holdings in shares of General Motors by 456.1% during the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer's stock valued at $2,062,000 after acquiring an additional 31,755 shares during the period. Focus Partners Wealth lifted its holdings in shares of General Motors by 3.6% during the fourth quarter. Focus Partners Wealth now owns 111,321 shares of the auto manufacturer's stock valued at $5,957,000 after acquiring an additional 3,900 shares during the period. Lazard Asset Management LLC raised its holdings in shares of General Motors by 11.9% in the fourth quarter. Lazard Asset Management LLC now owns 66,239 shares of the auto manufacturer's stock valued at $3,527,000 after buying an additional 7,046 shares during the last quarter. Measured Risk Portfolios Inc. bought a new position in shares of General Motors in the fourth quarter valued at about $27,000. Finally, NorthRock Partners LLC raised its holdings in shares of General Motors by 80.9% in the fourth quarter. NorthRock Partners LLC now owns 14,233 shares of the auto manufacturer's stock valued at $758,000 after buying an additional 6,367 shares during the last quarter. 92.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Mizuho lifted their price target on General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Barclays raised General Motors from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $55.00 to $73.00 in a report on Friday. The Goldman Sachs Group reaffirmed a "buy" rating on shares of General Motors in a report on Friday, July 11th. JPMorgan Chase & Co. lifted their price target on General Motors from $56.00 to $60.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Finally, Citigroup lifted their price target on General Motors from $59.00 to $61.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $59.00.

Insider Transactions at General Motors

In other news, CEO Mary T. Barra sold 907,024 shares of the business's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $58.24, for a total transaction of $52,825,077.76. Following the completion of the transaction, the chief executive officer directly owned 552,238 shares in the company, valued at approximately $32,162,341.12. The trade was a 62.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Rory Harvey sold 23,977 shares of the business's stock in a transaction dated 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 transaction, the executive vice president owned 8,513 shares of the company's stock, valued at $451,274.13. The trade was a 73.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,070,311 shares of company stock worth $62,095,433. 0.54% of the stock is currently owned by company insiders.

General Motors Trading Down 0.3%

GM stock traded down $0.20 during midday trading on Friday, reaching $58.51. The stock had a trading volume of 12,020,227 shares, compared to its average volume of 6,148,473. The business has a fifty day simple moving average of $55.09 and a two-hundred day simple moving average of $50.32. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42. The firm has a market cap of $55.71 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 1.24 and a beta of 1.32. General Motors Company has a twelve month low of $41.60 and a twelve month high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced 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 analyst estimates of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The company's revenue was down 1.8% on a year-over-year basis. During the same period last year, the company earned $3.06 earnings per share. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, research analysts expect that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, September 5th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, September 5th. General Motors's 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.