MBB Public Markets I LLC Takes Position in General Motors Company $GM

Key Points

• MBB Public Markets I LLC made a new investment in General Motors, acquiring 6,215 shares valued at approximately $292,000 in the first quarter.
• Several institutional investors also increased their stakes in General Motors, with the company currently having 92.67% of its stock owned by hedge funds and other institutional investors.
• General Motors recently announced a quarterly dividend of $0.15 per share, which will be paid on September 18th, resulting in an annualized yield of 1.0%.

MBB Public Markets I LLC acquired a new position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,215 shares of the auto manufacturer's stock, valued at approximately $292,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GM. Canada Post Corp Registered Pension Plan raised its holdings in shares of General Motors by 231.5% in the first quarter. Canada Post Corp Registered Pension Plan now owns 72,741 shares of the auto manufacturer's stock worth $3,421,000 after acquiring an additional 50,798 shares during the last quarter. Arete Wealth Advisors LLC raised its holdings in shares of General Motors by 281.1% in the first quarter. Arete Wealth Advisors LLC now owns 17,090 shares of the auto manufacturer's stock worth $804,000 after acquiring an additional 12,606 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of General Motors in the first quarter worth $7,457,000. Challenger Wealth Management acquired a new position in shares of General Motors in the first quarter worth $277,000. Finally, Kestra Investment Management LLC raised its holdings in shares of General Motors by 107.1% in the first quarter. Kestra Investment Management LLC now owns 8,531 shares of the auto manufacturer's stock worth $401,000 after acquiring an additional 4,411 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Trading Down 0.3%

NYSE:GM traded down $0.20 on Friday, hitting $58.51. 12,020,227 shares of the stock were exchanged, compared to its average volume of 6,469,638. The stock has a market cap of $55.71 billion, a PE ratio of 9.29, a PEG 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. The stock has a fifty day moving average of $55.09 and a 200-day moving average of $50.33. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings results 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 company 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 firm's revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.06 earnings per share. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, equities analysts expect that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, September 5th. This represents a $0.60 annualized dividend and a yield of 1.0%. General Motors's dividend payout ratio is currently 9.52%.

Insiders Place Their Bets

In other news, EVP Rory Harvey sold 23,977 shares of the 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 completion of the sale, the executive vice president owned 8,513 shares in the company, valued at approximately $451,274.13. This trade represents a 73.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Christopher Hatto sold 14,667 shares of the stock in a transaction dated Wednesday, August 27th. The shares were 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 owned 12,007 shares of the company's stock, valued at approximately $708,413. This trade represents a 54.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,070,311 shares of company stock worth $62,095,433 over the last three months. 0.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GM. Piper Sandler reissued a "neutral" rating and issued a $48.00 price target (up from $43.00) on shares of General Motors in a report on Thursday, May 22nd. 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. The Goldman Sachs Group reaffirmed a "buy" rating on shares of General Motors in a research report on Friday, July 11th. Bank of America lowered their price objective on General Motors from $65.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Finally, Wedbush lifted their price objective on General Motors from $55.00 to $65.00 and gave the company an "outperform" rating in a research report on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, General Motors presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.00.

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.