General Motors Company $GM Shares Sold by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp has reduced its holdings in General Motors by 37.7% in Q1, selling 31,845 shares, leaving it with 52,578 shares valued at approximately $2.47 million.
• Several institutional investors have recently adjusted their stakes, with Vanguard Group increasing its position by 6.9% to over $4.67 billion in total holdings.
• General Motors announced a quarterly dividend of $0.15 per share, representing a 1.0% dividend yield, with the next payment scheduled for September 18th.

OMERS ADMINISTRATION Corp lessened its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 37.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,578 shares of the auto manufacturer's stock after selling 31,845 shares during the period. OMERS ADMINISTRATION Corp's holdings in General Motors were worth $2,473,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of General Motors by 6.9% during the first quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer's stock valued at $4,672,023,000 after acquiring an additional 6,395,375 shares during the period. Dimensional Fund Advisors LP grew its position in General Motors by 2.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,383,079 shares of the auto manufacturer's stock worth $676,322,000 after purchasing an additional 316,196 shares in the last quarter. Invesco Ltd. grew its holdings in shares of General Motors by 4.5% during the 1st quarter. Invesco Ltd. now owns 13,746,152 shares of the auto manufacturer's stock valued at $646,482,000 after acquiring an additional 594,217 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of 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 valued at $603,048,000 after acquiring an additional 1,910,186 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of General Motors by 12.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,447,099 shares of the auto manufacturer's stock valued at $444,297,000 after acquiring an additional 1,020,386 shares in the last quarter. Institutional investors own 92.67% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Piper Sandler reissued a "neutral" rating and set a $48.00 target price (up previously from $43.00) on shares of General Motors in a research report on Thursday, May 22nd. Bank of America decreased their price objective on shares of General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Citigroup increased their price objective on shares of General Motors from $59.00 to $61.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. CLSA raised shares of General Motors to a "moderate buy" rating in a research report on Monday, July 7th. Finally, Benchmark began coverage on shares of General Motors in a research report on Monday, July 21st. They issued a "buy" rating and a $65.00 target price for the company. 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 assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $58.05.

Insider Buying and Selling at General Motors

In related news, 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 transaction of $865,353.00. Following the sale, the chief accounting officer directly owned 12,007 shares of the company's stock, valued at approximately $708,413. This represents a 54.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mary T. Barra sold 87,839 shares of the firm's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $58.13, for a total transaction of $5,106,081.07. The disclosure for this sale can be found here. Insiders sold a total of 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.

General Motors Stock Up 0.3%

Shares of General Motors stock traded up $0.15 during 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 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 Company has a 1-year low of $41.60 and a 1-year high of $61.24. The company has a 50 day moving average price of $53.73 and a 200-day moving average price of $49.68. The firm has a market capitalization of $55.83 billion, a PE ratio of 9.31, a P/E/G ratio of 1.24 and a beta of 1.32.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.01. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The firm had revenue of $47.12 billion for the quarter, compared to the consensus estimate of $45.87 billion. During the same quarter in the prior year, the company posted $3.06 earnings per share. The business's revenue was down 1.8% on a year-over-year basis. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, equities research analysts expect that General Motors Company will post 11.44 earnings per share for the current fiscal 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 given 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 payout ratio is presently 9.52%.

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.