Junto Capital Management LP Raises Stock Position in General Motors Company $GM

Key Points

• Junto Capital Management LP increased its stake in General Motors by 3.0%, owning 719,477 shares valued at approximately $33.84 million as of its latest SEC filing.
• Insider transactions showed CAO Christopher Hatto and CEO Mary T. Barra selling a combined total of over 100,000 shares worth more than $5.97 million.
• General Motors announced a quarterly dividend of $0.15 per share, representing an annualized dividend yield of 1.0% with a payout ratio of 9.52%.

Junto Capital Management LP lifted its stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 3.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 719,477 shares of the auto manufacturer's stock after buying an additional 21,256 shares during the period. Junto Capital Management LP owned approximately 0.07% of General Motors worth $33,837,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of GM. Measured Risk Portfolios Inc. purchased a new position in General Motors during the 4th quarter valued at about $27,000. Costello Asset Management INC purchased a new position in General Motors during the 1st quarter valued at about $32,000. WPG Advisers LLC purchased a new position in General Motors during the 1st quarter valued at about $34,000. North Capital Inc. purchased a new position in General Motors during the 1st quarter valued at about $40,000. Finally, SouthState Corp increased its holdings in General Motors by 914.4% during the 1st quarter. SouthState Corp now owns 984 shares of the auto manufacturer's stock valued at $46,000 after purchasing an additional 887 shares during the period. Hedge funds and other institutional investors own 92.67% of the company's stock.

Insider Transactions at General Motors

In other news, CAO Christopher Hatto sold 14,667 shares of the company's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $59.00, for a total value of $865,353.00. Following the completion of the sale, the chief accounting officer directly owned 12,007 shares in the company, valued at $708,413. This represents a 54.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Mary T. Barra sold 87,839 shares of the company's stock in a transaction on Friday, August 29th. The stock was sold at an average price of $58.13, for a total value of $5,106,081.07. The disclosure for this sale can be found here. Insiders sold 1,070,311 shares of company stock worth $62,095,433 in the last three months. Corporate insiders own 0.54% of the company's stock.

General Motors Stock Performance

GM traded up $0.15 during mid-day trading on Monday, reaching $58.64. 4,971,207 shares of the company traded hands, compared to its average volume of 6,509,005. The stock has a market capitalization of $55.83 billion, a P/E ratio of 9.31, a P/E/G ratio of 1.24 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. The company's fifty day moving average price is $53.73 and its 200-day moving average price is $49.68. General Motors Company has a 52-week low of $41.60 and a 52-week high of $61.24.

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 the consensus estimate 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%.General Motors's revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, sell-side analysts expect that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, September 5th will be paid a $0.15 dividend. 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 dividend payout ratio is 9.52%.

Analyst Ratings Changes

GM has been the topic of a number of research analyst reports. The Goldman Sachs Group restated a "buy" rating on shares of General Motors in a report on Friday, July 11th. UBS Group lifted their price objective on General Motors from $50.00 to $56.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of General Motors in a research report on Thursday, July 24th. Mizuho boosted their price target on General Motors from $53.00 to $58.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Finally, Sanford C. Bernstein set a $36.00 price target on General Motors in a research report on Monday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average 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.