Integrity Alliance LLC. Takes Position in General Motors Company $GM

Key Points

• Integrity Alliance LLC has acquired a new position in General Motors Company, purchasing 8,699 shares valued at approximately $409,000 in the first quarter.
• Analysts have revised their price targets for General Motors, with JPMorgan increasing theirs from $56.00 to $60.00 and Barclays upgrading from $55.00 to $73.00, showing increased confidence in the company’s performance.
• General Motors announced a quarterly dividend of $0.15 per share, reflecting a 1.0% yield, set to be paid on September 18th.

Integrity Alliance LLC. bought a new stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 8,699 shares of the auto manufacturer's stock, valued at approximately $409,000.

A number of other hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of General Motors by 456.1% in the 4th 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 last quarter. Lazard Asset Management LLC boosted its holdings in General Motors by 11.9% in the fourth quarter. Lazard Asset Management LLC now owns 66,239 shares of the auto manufacturer's stock worth $3,527,000 after purchasing an additional 7,046 shares during the period. NorthRock Partners LLC increased its stake in General Motors by 80.9% during the fourth quarter. NorthRock Partners LLC now owns 14,233 shares of the auto manufacturer's stock valued at $758,000 after purchasing an additional 6,367 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in shares of General Motors by 0.3% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 143,803 shares of the auto manufacturer's stock worth $7,806,000 after purchasing an additional 454 shares during the period. Finally, Quantinno Capital Management LP lifted its position in shares of General Motors by 25.3% in the 4th quarter. Quantinno Capital Management LP now owns 95,412 shares of the auto manufacturer's stock worth $5,083,000 after buying an additional 19,253 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on GM. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of General Motors in a research report on Thursday, July 24th. Barclays upgraded General Motors from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $55.00 to $73.00 in a research note on Friday, September 12th. CLSA raised shares of General Motors to a "moderate buy" rating in a report on Monday, July 7th. Citigroup upped their price target on shares of General Motors from $59.00 to $61.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Finally, Bank of America lowered their target price on General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.00.

General Motors Price Performance

NYSE GM traded up $0.39 during trading hours on Thursday, reaching $59.12. 2,165,481 shares of the company's stock were exchanged, compared to its average volume of 11,201,534. The firm has a fifty day moving average of $55.48 and a 200-day moving average of $50.53. General Motors Company has a one year low of $41.60 and a one year high of $61.24. The stock has a market cap of $56.29 billion, a PE ratio of 9.38, a price-to-earnings-growth ratio of 1.23 and a beta of 1.32. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted 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. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The company had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. During the same quarter in the previous year, the firm earned $3.06 earnings per share. The business's revenue was down 1.8% on a year-over-year basis. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, equities research analysts predict that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.0%. General Motors's dividend payout ratio (DPR) is currently 9.52%.

Insider Buying and Selling

In other General Motors news, CAO Christopher Hatto sold 36,804 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $55.10, for a total transaction of $2,027,900.40. Following the transaction, the chief accounting officer owned 12,007 shares of the company's stock, valued at approximately $661,585.70. This represents a 75.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rory Harvey sold 23,977 shares of the stock in a transaction on Tuesday, August 5th. The shares were 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 owned 8,513 shares in the company, 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. Insiders sold 1,104,256 shares of company stock worth $64,129,551 in the last quarter. 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.