Simplicity Wealth LLC Acquires New Holdings in General Motors Company $GM

Key Points

• Simplicity Wealth LLC acquired a new stake of 6,978 shares in General Motors, valued at approximately $343,000, according to a recent SEC filing.
• Multiple institutional investors increased their stakes in General Motors, with Vanguard Group boosting its holdings by 6.9% and AQR Capital Management by 146.8% in the first quarter.
• General Motors reported a quarterly EPS of $2.53, exceeding estimates, and announced a quarterly dividend of $0.15, representing a yield of 1.1%.

Simplicity Wealth LLC acquired a new stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,978 shares of the auto manufacturer's stock, valued at approximately $343,000.

A number of other institutional investors have also recently bought and sold shares of GM. Vanguard Group Inc. lifted its stake in General Motors by 6.9% in the first quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer's stock valued at $4,672,023,000 after buying an additional 6,395,375 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in General Motors by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 14,383,079 shares of the auto manufacturer's stock valued at $676,322,000 after buying an additional 316,196 shares in the last quarter. Invesco Ltd. lifted its stake in General Motors by 4.5% in the first quarter. Invesco Ltd. now owns 13,746,152 shares of the auto manufacturer's stock valued at $646,482,000 after buying an additional 594,217 shares in the last quarter. AQR Capital Management LLC lifted its stake in General Motors by 146.8% in the first quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer's stock valued at $629,196,000 after buying an additional 8,012,743 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in General Motors by 17.5% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 12,822,632 shares of the auto manufacturer's stock valued at $603,048,000 after buying an additional 1,910,186 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

Insider Activity at General Motors

In other General Motors news, CAO Christopher Hatto sold 36,804 shares of the company's stock in a transaction on 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 transaction, the chief accounting officer directly owned 12,007 shares in the company, valued at $661,585.70. The trade was a 75.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mary T. Barra sold 907,024 shares of the company's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $58.24, for a total transaction of $52,825,077.76. Following the completion of the transaction, the chief executive officer owned 552,238 shares in the company, valued at approximately $32,162,341.12. This represents a 62.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,074,824 shares of company stock valued at $122,377,213 in the last ninety days. Company insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Mizuho lifted their price target on shares of General Motors from $58.00 to $67.00 and gave the company an "outperform" rating in a research note on Tuesday, September 23rd. Industrial Alliance Securities set a $70.00 price objective on shares of General Motors in a research report on Friday, July 11th. Wedbush boosted their price objective on shares of General Motors from $55.00 to $65.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. Benchmark started coverage on shares of General Motors in a research report on Monday, July 21st. They issued a "buy" rating and a $65.00 price objective on the stock. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of General Motors in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $62.85.

General Motors Stock Performance

NYSE GM opened at $56.43 on Thursday. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42. The firm's fifty day moving average price is $57.50 and its two-hundred day moving average price is $51.70. General Motors Company has a 1 year low of $41.60 and a 1 year high of $62.14. The firm has a market capitalization of $53.73 billion, a P/E ratio of 8.96, a price-to-earnings-growth ratio of 1.21 and a beta of 1.33.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $45.87 billion. During the same period in the prior year, the firm posted $3.06 earnings per share. The company'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. As a group, research analysts anticipate that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, September 5th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, September 5th. General Motors's payout ratio 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.

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