Invst LLC Has $1.26 Million Position in General Motors Company $GM

Key Points

• Invst LLC increased its stake in General Motors by 25.4%, owning 26,691 shares worth approximately $1.26 million after purchasing more shares in the first quarter.
• General Motors reported earnings of $2.53 per share, exceeding analyst estimates, while revenue for the quarter was $47.12 billion, slightly above forecasted numbers.
• The company announced a quarterly dividend of $0.15 per share, representing an annualized yield of 1.0%, with a dividend payout ratio of 9.52%.

Invst LLC lifted its stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 25.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,691 shares of the auto manufacturer's stock after purchasing an additional 5,414 shares during the period. Invst LLC's holdings in General Motors were worth $1,255,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Costello Asset Management INC acquired a new stake in General Motors during the 1st quarter worth $32,000. WPG Advisers LLC acquired a new stake in General Motors during the 1st quarter worth $34,000. North Capital Inc. acquired a new stake in General Motors during the 1st quarter worth $40,000. Banque Transatlantique SA acquired a new stake in General Motors during the 1st quarter worth $40,000. Finally, SouthState Corp grew its holdings in General Motors by 914.4% during the 1st quarter. SouthState Corp now owns 984 shares of the auto manufacturer's stock worth $46,000 after acquiring an additional 887 shares during the period. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Trading Up 2.3%

Shares of NYSE GM opened at $58.66 on Friday. The stock has a market cap of $55.85 billion, a price-to-earnings ratio of 9.31, a P/E/G ratio of 1.21 and a beta of 1.32. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42. General Motors Company has a twelve month low of $41.60 and a twelve month high of $61.24. The company's fifty day moving average is $54.97 and its 200-day moving average is $50.23.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share 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 net margin of 2.54% and a return on equity of 12.98%. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. 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. Equities research analysts predict that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be paid 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 yield of 1.0%. General Motors's dividend payout ratio is presently 9.52%.

Insider Buying and Selling

In related news, CEO Mary T. Barra sold 907,024 shares of the company's stock in a transaction on Thursday, August 28th. The shares were 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 directly owned 552,238 shares of the company's stock, valued at approximately $32,162,341.12. This represents a 62.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the transaction, the chief accounting officer directly owned 12,007 shares of the company's stock, valued at approximately $661,585.70. The trade was a 75.40% 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 valued at $62,095,433. Company insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GM. Mizuho lifted their target price on shares of General Motors from $53.00 to $58.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. UBS Group lifted their target price on shares of General Motors from $50.00 to $56.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Barclays lifted their price target on shares of General Motors from $45.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. JPMorgan Chase & Co. lifted their price target on shares of General Motors from $56.00 to $60.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Finally, Bank of America reduced their price target on shares of General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $58.05.

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.

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