General Motors Company $GM Shares Bought by Kestra Investment Management LLC

Key Points

• Kestra Investment Management LLC increased its stake in General Motors by 107.1% during the first quarter, owning 8,531 shares valued at $401,000.
• General Motors announced a quarterly dividend of $0.15 per share, with an annualized yield of 1.0% and a payout ratio of 9.52%.
• After the latest earnings report, General Motors' quarterly revenue was $47.12 billion, exceeding estimates, and the company beat earnings expectations with an EPS of $2.53.

Kestra Investment Management LLC raised its stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 107.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,531 shares of the auto manufacturer's stock after buying an additional 4,411 shares during the quarter. Kestra Investment Management LLC's holdings in General Motors were worth $401,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GM. Measured Risk Portfolios Inc. acquired a new stake in General Motors during the 4th quarter valued at $27,000. Costello Asset Management INC acquired a new stake in shares of General Motors during the first quarter worth $32,000. WPG Advisers LLC acquired a new stake in shares of General Motors during the first quarter worth $34,000. North Capital Inc. acquired a new stake in shares of General Motors during the first quarter worth $40,000. Finally, Banque Transatlantique SA acquired a new stake in shares of General Motors during the first quarter worth $40,000. Institutional investors and hedge funds own 92.67% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Mizuho raised their price objective on General Motors from $53.00 to $58.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Citigroup lifted their target price on General Motors from $59.00 to $61.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Industrial Alliance Securities set a $70.00 target price on General Motors in a report on Friday, July 11th. Piper Sandler reiterated a "neutral" rating and issued a $48.00 target price (up previously from $43.00) on shares of General Motors in a report on Thursday, May 22nd. Finally, 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 report on Friday. One 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 company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $59.00.

Insider Transactions at General Motors

In other news, CEO Mary T. Barra sold 87,839 shares of General Motors stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $58.13, for a total transaction of $5,106,081.07. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Christopher Hatto sold 14,667 shares of General Motors stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $59.00, for a total value of $865,353.00. Following the sale, the chief accounting officer directly owned 12,007 shares in the company, valued at approximately $708,413. The trade was a 54.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,070,311 shares of company stock valued at $62,095,433. 0.54% of the stock is currently owned by insiders.

General Motors Stock Down 0.3%

Shares of NYSE GM traded down $0.20 during midday trading on Friday, reaching $58.51. 12,020,227 shares of the company's stock were exchanged, compared to its average volume of 6,148,473. General Motors Company has a 52-week low of $41.60 and a 52-week high of $61.24. The stock has a market capitalization of $55.71 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of 1.24 and a beta of 1.32. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22. The business's fifty day moving average price is $55.09 and its two-hundred day moving average price is $50.32.

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 (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 business had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. During the same period in the previous year, the company earned $3.06 earnings per share. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Analysts forecast that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, September 5th. General Motors's payout ratio is presently 9.52%.

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.