General Motors Company $GM Shares Acquired by NFJ Investment Group LLC

Key Points

• NFJ Investment Group LLC increased its position in General Motors by 114.1%, holding 56,412 shares worth approximately $2.65 million.
• General Motors reported a net revenue of $47.12 billion for the last quarter, surpassing estimates, while earnings per share were $2.53, slightly above expectations.
• The company has declared a quarterly dividend of $0.15 per share, reflecting a 1.0% yield and a payout ratio of 9.52%.

NFJ Investment Group LLC increased its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 114.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,412 shares of the auto manufacturer's stock after purchasing an additional 30,066 shares during the period. NFJ Investment Group LLC's holdings in General Motors were worth $2,653,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. NewEdge Advisors LLC boosted its holdings in General Motors by 21.2% in the first quarter. NewEdge Advisors LLC now owns 77,311 shares of the auto manufacturer's stock valued at $3,636,000 after acquiring an additional 13,528 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in General Motors by 147.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 716,908 shares of the auto manufacturer's stock valued at $33,716,000 after acquiring an additional 427,679 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in General Motors by 2.5% in the first quarter. Integrated Wealth Concepts LLC now owns 24,251 shares of the auto manufacturer's stock valued at $1,141,000 after acquiring an additional 595 shares during the last quarter. Gotham Asset Management LLC boosted its holdings in General Motors by 13.6% in the first quarter. Gotham Asset Management LLC now owns 450,422 shares of the auto manufacturer's stock valued at $21,183,000 after acquiring an additional 53,931 shares during the last quarter. Finally, Hancock Whitney Corp boosted its holdings in General Motors by 15.7% in the first quarter. Hancock Whitney Corp now owns 122,667 shares of the auto manufacturer's stock valued at $5,769,000 after acquiring an additional 16,679 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Stock Up 1.8%

Shares of NYSE:GM traded up $1.03 during trading on Thursday, hitting $58.37. The company's stock had a trading volume of 2,391,306 shares, compared to its average volume of 11,320,669. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $61.24. The stock's 50-day moving average price is $54.86 and its two-hundred day moving average price is $50.15. The company has a market capitalization of $55.57 billion, a PE ratio of 9.26, a PEG ratio of 1.22 and a beta of 1.32.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, beating 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 quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.06 earnings per share. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, sell-side analysts expect that General Motors Company will post 11.44 EPS for the current year.

General Motors Dividend Announcement

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

Wall Street Analyst Weigh In

GM has been the topic of a number of recent research reports. Wedbush boosted their price objective on General Motors from $55.00 to $65.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 19th. CLSA upgraded General Motors to a "moderate buy" rating in a research note on Monday, July 7th. UBS Group boosted their price objective on General Motors from $50.00 to $56.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. The Goldman Sachs Group restated a "buy" rating on shares of General Motors in a research note on Friday, July 11th. Finally, JPMorgan Chase & Co. boosted their price objective on General Motors from $56.00 to $60.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $58.05.

Insider Activity

In other news, CEO Mary T. Barra sold 907,024 shares of the company's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $58.24, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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. Over the last ninety days, insiders 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 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.