Permanent Capital Management LP Invests $1.10 Million in General Motors Company $GM

Key Points

• Permanent Capital Management LP bought a new stake of 18,067 shares in General Motors valued at about $1.10 million in Q3, and institutional investors now own roughly 92.67% of GM’s stock.
• Several analysts have upgraded GM (notably Morgan Stanley to Overweight with a $90 target), and the consensus rating is a Moderate Buy with an average price target of $75.76.
• GM beat Q3 expectations with $2.80 EPS vs. $2.32 estimated and $48.59B revenue vs. $44.6B estimated, and the company set FY2025 guidance of 9.75–10.50 EPS.

Permanent Capital Management LP acquired a new stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 18,067 shares of the auto manufacturer's stock, valued at approximately $1,102,000.

A number of other institutional investors have also recently added to or reduced their stakes in GM. Trust Co. of Toledo NA OH bought a new stake in shares of General Motors in the 2nd quarter worth $25,000. GFG Capital LLC acquired a new position in General Motors during the second quarter worth about $27,000. RMG Wealth Management LLC bought a new stake in General Motors in the second quarter worth about $32,000. Armstrong Advisory Group Inc. lifted its holdings in General Motors by 94.6% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer's stock valued at $33,000 after acquiring an additional 265 shares during the last quarter. Finally, WPG Advisers LLC bought a new position in shares of General Motors during the 1st quarter valued at about $34,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GM has been the topic of a number of research reports. Tigress Financial boosted their target price on shares of General Motors from $88.00 to $92.00 and gave the stock a "strong-buy" rating in a report on Friday, October 24th. Argus set a $78.00 price target on General Motors in a report on Thursday, October 23rd. Evercore ISI increased their price objective on General Motors from $68.00 to $74.00 and gave the company an "outperform" rating in a research report on Monday, November 24th. Barclays lifted their target price on General Motors from $77.00 to $85.00 and gave the stock an "overweight" rating in a report on Wednesday, October 22nd. Finally, Morgan Stanley raised General Motors from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $54.00 to $90.00 in a report on Monday, December 8th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.76.

General Motors Stock Performance

Shares of General Motors stock opened at $83.04 on Monday. General Motors Company has a 12 month low of $41.60 and a 12 month high of $83.68. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. The stock has a market cap of $77.46 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 0.75 and a beta of 1.30. The business has a fifty day simple moving average of $73.39 and a 200-day simple moving average of $61.50.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.48. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The firm had revenue of $48.59 billion during the quarter, compared to the consensus estimate of $44.60 billion. During the same period in the prior year, the business earned $2.96 EPS. The business's revenue for the quarter was down .3% on a year-over-year basis. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. On average, sell-side analysts anticipate that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Friday, December 5th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, December 5th. General Motors's dividend payout ratio is currently 12.07%.

Insider Buying and Selling

In other General Motors news, CAO Christopher Hatto sold 7,724 shares of General Motors stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $72.00, for a total transaction of $556,128.00. Following the completion of the sale, the chief accounting officer owned 12,007 shares of the company's stock, valued at $864,504. This trade represents a 39.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Mark L. Reuss sold 260,600 shares of the company's stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the completion of the transaction, the president directly owned 98,006 shares in the company, valued at $6,512,498.70. This trade represents a 72.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 284,021 shares of company stock valued at $18,971,788. Insiders own 0.54% of the company's stock.

General Motors Company Profile

General Motors Company NYSE: GM is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world's largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM's operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.

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