Perbak Capital Partners LLP Invests $1.16 Million in General Motors Company $GM

Key Points

• Perbak Capital Partners LLP has made a new investment in General Motors, acquiring 24,651 shares valued at approximately $1.16 million, making GM the firm's 16th largest position.
• Insider transactions have seen executives Rory Harvey and Christopher Hatto significantly reduce their holdings, with total insider sales reaching over $62 million in the last ninety days.
• General Motors announced a quarterly dividend of $0.15 per share, with plans to pay shareholders on September 18th, representing a yield of 1.0%.

Perbak Capital Partners LLP purchased a new position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 24,651 shares of the auto manufacturer's stock, valued at approximately $1,159,000. General Motors accounts for about 0.9% of Perbak Capital Partners LLP's portfolio, making the stock its 16th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GM. Measured Risk Portfolios Inc. acquired a new stake in General Motors during the 4th quarter worth about $27,000. Costello Asset Management INC acquired a new stake in General Motors during the 1st quarter worth about $32,000. WPG Advisers LLC acquired a new stake in General Motors during the 1st quarter worth about $34,000. North Capital Inc. acquired a new stake in General Motors during the 1st quarter worth about $40,000. Finally, SouthState Corp lifted its position in General Motors by 914.4% during the 1st quarter. SouthState Corp now owns 984 shares of the auto manufacturer's stock worth $46,000 after acquiring an additional 887 shares during the period. Institutional investors and hedge funds own 92.67% of the company's stock.

Analysts Set New Price Targets

GM has been the topic of several recent research reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of General Motors in a report on Friday, July 11th. Industrial Alliance Securities set a $70.00 price target on shares of General Motors in a report on Friday, July 11th. Benchmark initiated coverage on shares of General Motors in a report on Monday, July 21st. They issued a "buy" rating and a $65.00 price target on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of General Motors in a report on Thursday, July 24th. Finally, Mizuho boosted their target price on shares of General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, General Motors presently has a consensus rating of "Hold" and an average target price of $58.05.

General Motors Price Performance

Shares of GM stock traded up $0.09 during mid-day trading on Friday, hitting $58.24. 7,376,091 shares of the stock were exchanged, compared to its average volume of 6,137,410. General Motors Company has a 52-week low of $41.60 and a 52-week high of $61.24. 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 firm has a fifty day moving average of $54.46 and a 200 day moving average of $49.93. The company has a market cap of $55.45 billion, a PE 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 released 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 net margin of 2.54% and a return on equity of 12.98%. The firm had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $45.87 billion. During the same quarter in the prior year, the firm earned $3.06 EPS. 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. Research analysts anticipate that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

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 issued a $0.15 dividend. The ex-dividend date is Friday, September 5th. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. General Motors's dividend payout ratio is presently 9.52%.

Insider Buying and Selling at General Motors

In other General Motors news, CEO Mary T. Barra sold 87,839 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $58.13, for a total value of $5,106,081.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction 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. The trade was a 54.99% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,070,311 shares of company stock worth $62,095,433. Insiders own 0.54% of the company's stock.

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.