Redwood Investment Management LLC Acquires Shares of 29,118 General Motors Company $GM

Key Points

• Redwood Investment Management LLC acquired a new position in General Motors Company, purchasing 29,118 shares valued at approximately $1.37 million during Q1.
• General Motors recently reported Q2 earnings with an EPS of $2.53, slightly surpassing analyst expectations, and generated revenue of $47.12 billion.
• The company announced a quarterly dividend of $0.15 per share, indicating a 1.0% yield based on its annualized dividend.

Redwood Investment Management LLC purchased a new position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 29,118 shares of the auto manufacturer's stock, valued at approximately $1,369,000.

Several other large investors have also made changes to their positions in GM. Vanguard Group Inc. lifted its position in shares of General Motors by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer's stock worth $4,672,023,000 after purchasing an additional 6,395,375 shares during the last quarter. Nuveen LLC acquired a new position in shares of General Motors during the 1st quarter worth about $175,889,000. Assenagon Asset Management S.A. lifted its position in shares of General Motors by 305.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,858,959 shares of the auto manufacturer's stock worth $134,457,000 after purchasing an additional 2,154,037 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position 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 worth $603,048,000 after purchasing an additional 1,910,186 shares during the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of General Motors during the 1st quarter worth about $86,900,000. Institutional investors and hedge funds own 92.67% of the company's stock.

Insider Activity at General Motors

In related news, CEO Mary T. Barra sold 87,839 shares of the firm's stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Rory Harvey sold 23,977 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $53.01, for a total value of $1,271,020.77. Following the sale, the executive vice president directly owned 8,513 shares of the company's stock, valued at $451,274.13. This represents a 73.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,070,311 shares of company stock valued at $62,095,433 in the last three months. Corporate insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Royal Bank Of Canada reissued an "outperform" rating on shares of General Motors in a research report on Thursday, July 24th. Benchmark started coverage on General Motors in a report on Monday, July 21st. They issued a "buy" rating and a $65.00 price target for the company. Citigroup upped their price target on General Motors from $59.00 to $61.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. UBS Group upped their price target on General Motors from $50.00 to $56.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Finally, BNP Paribas raised General Motors to a "strong-buy" rating in a report on Monday, May 5th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $58.05.

General Motors Price Performance

Shares of GM traded up $0.15 during mid-day trading on Friday, reaching $58.64. The company had a trading volume of 4,971,207 shares, compared to its average volume of 6,737,402. General Motors Company has a twelve month low of $41.60 and a twelve month high of $61.24. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05. The company's 50-day moving average is $53.53 and its 200-day moving average is $49.58. The company has a market capitalization of $55.83 billion, a P/E ratio of 9.31, a P/E/G ratio of 1.23 and a beta of 1.36.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its 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. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The business had revenue of $47.12 billion during the quarter, compared to analysts' expectations of $45.87 billion. During the same period in the prior year, the firm posted $3.06 EPS. General Motors's quarterly revenue was down 1.8% compared to the same quarter last year. 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 year.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, September 5th. General Motors's dividend payout ratio (DPR) is currently 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.