General Motors Company $GM Shares Purchased by Mirova

Key Points

• Mirova increased its stake in General Motors by 4.1%, acquiring an additional 5,293 shares, bringing its total holdings to 133,969 shares valued at approximately $6.3 million.
• Several analysts have provided updated ratings for GM, with Citigroup raising its target price to $61 and maintaining a "buy" rating, while the overall consensus rating remains a "Hold" with a target price of $58.05.
• General Motors recently announced a quarterly dividend of $0.15 per share, with a dividend yield of 1.0%, to be paid on September 18 to stockholders of record on September 5.

Mirova boosted its stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 4.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 133,969 shares of the auto manufacturer's stock after acquiring an additional 5,293 shares during the period. General Motors accounts for about 1.1% of Mirova's holdings, making the stock its 22nd biggest position. Mirova's holdings in General Motors were worth $6,301,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in GM. Vanguard Group Inc. increased its position in General Motors by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer's stock worth $4,672,023,000 after purchasing an additional 6,395,375 shares during the period. Nuveen LLC acquired a new position in General Motors during the 1st quarter worth approximately $175,889,000. Assenagon Asset Management S.A. increased its position in General Motors by 305.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,858,959 shares of the auto manufacturer's stock worth $134,457,000 after purchasing an additional 2,154,037 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in General Motors by 17.5% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 12,822,632 shares of the auto manufacturer's stock worth $603,048,000 after purchasing an additional 1,910,186 shares during the period. Finally, Jupiter Asset Management Ltd. acquired a new position in General Motors during the 1st quarter worth approximately $86,900,000. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Stock Down 0.4%

NYSE:GM traded down $0.25 during mid-day trading on Thursday, reaching $58.51. The stock had a trading volume of 7,209,021 shares, compared to its average volume of 11,629,674. The company has a market capitalization of $55.70 billion, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 1.24 and a beta of 1.36. General Motors Company has a 1-year low of $41.60 and a 1-year high of $61.24. The stock's 50 day simple moving average is $53.11 and its two-hundred day simple moving average is $49.42. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings results 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 business had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $45.87 billion. During the same period last year, the firm 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. Equities analysts anticipate 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. Shareholders of record on Friday, September 5th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, September 5th. General Motors's payout ratio is presently 9.52%.

Analyst Ratings Changes

GM has been the topic of a number of research reports. BNP Paribas upgraded General Motors to a "strong-buy" rating in a report on Monday, May 5th. Benchmark initiated coverage on General Motors in a research report on Monday, July 21st. They issued a "buy" rating and a $65.00 target price on the stock. CLSA raised General Motors to a "moderate buy" rating in a research report on Monday, July 7th. Barclays increased their target price on General Motors from $45.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Finally, Mizuho increased their target price on General Motors from $53.00 to $58.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, General Motors presently has an average rating of "Hold" and a consensus target price of $58.05.

Insider Activity at General Motors

In other news, CAO Christopher Hatto sold 36,804 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $661,585.70. The trade was a 75.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Rory Harvey sold 23,977 shares of the business's stock in a transaction that occurred on 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 transaction, the executive vice president owned 8,513 shares of the company's stock, valued at approximately $451,274.13. This represents a 73.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.