General Motors Company $GM Shares Bought by Sivia Capital Partners LLC

Key Points

• Sivia Capital Partners LLC increased its stake in General Motors Company by 61.4% during the second quarter, owning 18,548 shares valued at approximately $913,000.
• Analysts have a consensus rating of "Moderate Buy" for General Motors, with a target price of $59.00, and several firms, including Barclays, have upgraded their ratings.
• General Motors announced a quarterly dividend of $0.15 per share, yielding 1.0%, with the payment set for September 18th to shareholders of record on September 5th.

Sivia Capital Partners LLC raised its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 61.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,548 shares of the auto manufacturer's stock after buying an additional 7,058 shares during the quarter. Sivia Capital Partners LLC's holdings in General Motors were worth $913,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Costello Asset Management INC purchased a new stake in shares of General Motors during the first quarter valued at about $32,000. WPG Advisers LLC acquired a new position in shares of General Motors during the first quarter valued at about $34,000. North Capital Inc. acquired a new position in shares of General Motors during the first quarter valued at about $40,000. Banque Transatlantique SA acquired a new position in shares of General Motors during the first quarter valued at about $40,000. Finally, SouthState Corp increased its holdings in shares of General Motors by 914.4% during the first quarter. SouthState Corp now owns 984 shares of the auto manufacturer's stock valued at $46,000 after acquiring an additional 887 shares in the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at General Motors

In other General Motors news, CAO Christopher Hatto sold 14,667 shares of the firm's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $59.00, for a total value of $865,353.00. Following the transaction, the chief accounting officer owned 12,007 shares in the company, valued at approximately $708,413. This trade represents a 54.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mary T. Barra sold 29,486 shares of General Motors stock in a transaction on Friday, September 12th. The stock was sold at an average price of $59.92, for a total transaction of $1,766,801.12. Following the sale, the chief executive officer directly owned 633,527 shares in the company, valued at approximately $37,960,937.84. This trade represents a 4.45% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,104,256 shares of company stock valued at $64,129,551. 0.54% of the stock is owned by company insiders.

General Motors Price Performance

General Motors stock traded up $0.51 during trading on Thursday, reaching $59.24. The company had a trading volume of 5,920,978 shares, compared to its average volume of 6,360,968. The firm's 50-day simple moving average is $55.60 and its 200 day simple moving average is $50.61. General Motors Company has a 1-year low of $41.60 and a 1-year high of $61.24. The firm has a market capitalization of $56.41 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 1.24 and a beta of 1.32. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $45.87 billion. During the same quarter last year, the company earned $3.06 EPS. The firm's revenue for the quarter 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, equities research analysts anticipate that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be paid a $0.15 dividend. The ex-dividend date of this dividend 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 (DPR) is currently 9.52%.

Analyst Upgrades and Downgrades

GM has been the topic of several recent analyst reports. Bank of America cut their price objective on shares of General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price target on shares of General Motors from $56.00 to $60.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Benchmark started 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. Barclays upgraded shares of General Motors from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $55.00 to $73.00 in a report on Friday, September 12th. Finally, Wells Fargo & Company increased their price target on shares of General Motors from $34.00 to $38.00 and gave the stock an "underweight" rating in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, General Motors presently has an average rating of "Moderate Buy" and a consensus target price of $59.00.

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.