111,969 Shares in General Motors Company $GM Bought by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP invested approximately $5.27 million in General Motors, acquiring 111,969 shares in the first quarter.
• Research analysts have varied perspectives on General Motors stock, with an average rating of "Hold" and a price target averaging around $57.53.
• General Motors announced a quarterly dividend of $0.15, to be paid on September 18th, with an annualized dividend yield of 1.1%.

Quantbot Technologies LP acquired a new position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 111,969 shares of the auto manufacturer's stock, valued at approximately $5,266,000.

A number of other institutional investors and hedge funds have also bought and sold shares of GM. Susquehanna Fundamental Investments LLC bought a new position in shares of General Motors in the 4th quarter worth $25,404,000. Cassia Capital Partners LLC grew its position in General Motors by 63.0% in the first quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer's stock worth $879,000 after acquiring an additional 7,221 shares in the last quarter. AustralianSuper Pty Ltd increased its stake in General Motors by 38.9% in the first quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer's stock valued at $287,428,000 after acquiring an additional 1,712,033 shares during the last quarter. Sowell Financial Services LLC bought a new position in General Motors in the first quarter valued at $312,000. Finally, Malaga Cove Capital LLC purchased a new position in shares of General Motors in the 1st quarter worth about $292,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Christopher Hatto sold 36,804 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $55.10, for a total value of $2,027,900.40. Following the completion of the sale, the chief accounting officer directly owned 12,007 shares of the company's stock, valued at approximately $661,585.70. This trade represents a 75.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Rory Harvey sold 23,977 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the completion of the sale, the executive vice president owned 8,513 shares of the company's stock, valued at $451,274.13. This trade represents a 73.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

General Motors Trading Up 3.2%

Shares of NYSE GM traded up $1.7930 during mid-day trading on Friday, hitting $58.3030. The stock had a trading volume of 6,313,781 shares, compared to its average volume of 7,222,763. The business has a 50 day moving average price of $52.51 and a two-hundred day moving average price of $49.19. General Motors Company has a 1 year low of $41.60 and a 1 year high of $61.24. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22. The firm has a market cap of $55.51 billion, a P/E ratio of 9.25, a price-to-earnings-growth ratio of 1.20 and a beta of 1.36.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.52 by $0.01. The business had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The company's revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, equities analysts anticipate that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, September 5th will be paid 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 payout ratio is 9.52%.

Wall Street Analyst Weigh In

GM has been the topic of a number of research reports. The Goldman Sachs Group reissued a "buy" rating on shares of General Motors in a report on Friday, July 11th. 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 report on Wednesday, July 23rd. CLSA upgraded shares of General Motors to a "moderate buy" rating in a report on Monday, July 7th. BNP Paribas raised shares of General Motors to a "strong-buy" rating in a research note on Monday, May 5th. Finally, Mizuho lifted their target price on shares of General Motors from $53.00 to $58.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, General Motors has a consensus rating of "Hold" and an average target price of $58.05.

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.