Paloma Partners Management Co Takes $1.76 Million Position in General Motors Company $GM

Key Points

• Paloma Partners Management Co has acquired a new stake of 37,500 shares in General Motors Company, valued at approximately $1.76 million.
• General Motors reported earnings of $2.53 per share in its latest quarter, exceeding analysts' expectations, and has set a 2025 EPS guidance of 8.250-10.000.
• The company announced a quarterly dividend of $0.15 per share, representing a 1.0% yield, with the payment set for September 18th.

Paloma Partners Management Co purchased a new position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 37,500 shares of the auto manufacturer's stock, valued at approximately $1,764,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of GM. ICONIQ Capital LLC increased its stake in shares of General Motors by 4.2% during the first quarter. ICONIQ Capital LLC now owns 5,434 shares of the auto manufacturer's stock worth $256,000 after buying an additional 220 shares during the period. Hohimer Wealth Management LLC increased its stake in shares of General Motors by 0.3% during the first quarter. Hohimer Wealth Management LLC now owns 70,377 shares of the auto manufacturer's stock worth $3,310,000 after buying an additional 230 shares during the period. HHM Wealth Advisors LLC increased its stake in shares of General Motors by 14.4% during the first quarter. HHM Wealth Advisors LLC now owns 1,838 shares of the auto manufacturer's stock worth $86,000 after buying an additional 232 shares during the period. Aaron Wealth Advisors LLC increased its stake in shares of General Motors by 3.6% during the first quarter. Aaron Wealth Advisors LLC now owns 6,709 shares of the auto manufacturer's stock worth $316,000 after buying an additional 235 shares during the period. Finally, Burford Brothers Inc. increased its stake in shares of General Motors by 2.8% during the first quarter. Burford Brothers Inc. now owns 8,718 shares of the auto manufacturer's stock worth $410,000 after buying an additional 241 shares during the period. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GM has been the topic of a number of recent research reports. Piper Sandler restated a "neutral" rating and set a $48.00 target price (up from $43.00) on shares of General Motors in a research note on Thursday, May 22nd. Bank of America dropped their price target 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. Wells Fargo & Company increased their price target on shares of General Motors from $34.00 to $38.00 and gave the company an "underweight" rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price target on shares of General Motors from $56.00 to $60.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of General Motors in a research note on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $58.05.

General Motors Stock Performance

Shares of NYSE GM traded up $0.09 during mid-day trading on Friday, hitting $58.24. 7,376,091 shares of the company were exchanged, compared to its average volume of 6,137,410. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42. The stock has a 50 day simple moving average of $54.46 and a 200-day simple moving average of $49.93. General Motors Company has a 1-year low of $41.60 and a 1-year high of $61.24. The firm has a market cap of $55.45 billion, a price-to-earnings ratio of 9.25, a price-to-earnings-growth ratio of 1.23 and a beta of 1.32.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings results 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 return on equity of 12.98% and a net margin of 2.54%.The firm 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 company earned $3.06 earnings per share. The company's revenue for the quarter was down 1.8% on a year-over-year basis. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, sell-side analysts forecast that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, September 5th will be given a $0.15 dividend. 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 presently 9.52%.

Insiders Place Their Bets

In other General Motors news, EVP Rory Harvey sold 23,977 shares of the stock in a transaction 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 completion of the transaction, the executive vice president owned 8,513 shares in the company, valued at approximately $451,274.13. This represents a 73.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Christopher Hatto sold 36,804 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $55.10, for a total value of $2,027,900.40. Following the completion of the transaction, the chief accounting officer owned 12,007 shares of the company's stock, valued at $661,585.70. The trade was a 75.40% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,070,311 shares of company stock worth $62,095,433. 0.54% of the stock is owned by corporate insiders.

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.