Smartleaf Asset Management LLC Has $780,000 Stock Position in General Motors Company $GM

Key Points

• Smartleaf Asset Management LLC increased its holdings in General Motors by 43.3% in Q1, now owning 16,711 shares valued at $780,000.
• General Motors reported earnings of $2.53 per share, exceeding analyst expectations and recording revenue of $47.12 billion for the quarter.
• The company announced a quarterly dividend of $0.15 per share, with a yield of 1.0%, set to be paid on September 18th.

Smartleaf Asset Management LLC boosted its position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 43.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,711 shares of the auto manufacturer's stock after purchasing an additional 5,052 shares during the period. Smartleaf Asset Management LLC's holdings in General Motors were worth $780,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in GM. Brighton Jones LLC increased its holdings in General Motors by 456.1% in the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer's stock valued at $2,062,000 after buying an additional 31,755 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in General Motors by 13.3% in the fourth quarter. TD Waterhouse Canada Inc. now owns 4,242 shares of the auto manufacturer's stock valued at $226,000 after buying an additional 498 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in General Motors by 16.4% in the fourth quarter. Integrated Wealth Concepts LLC now owns 23,656 shares of the auto manufacturer's stock valued at $1,260,000 after buying an additional 3,336 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in General Motors by 2.1% in the fourth quarter. Coldstream Capital Management Inc. now owns 20,305 shares of the auto manufacturer's stock valued at $1,082,000 after buying an additional 420 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of General Motors by 8.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 828,184 shares of the auto manufacturer's stock worth $44,117,000 after purchasing an additional 62,113 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on GM shares. BNP Paribas raised shares of General Motors to a "strong-buy" rating in a research note on Monday, May 5th. Industrial Alliance Securities set a $70.00 price objective on General Motors in a research note on Friday, July 11th. Wedbush raised their price target on shares of General Motors from $55.00 to $65.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 19th. UBS Group boosted their price objective on shares of General Motors from $50.00 to $56.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $48.00 target price (up from $43.00) on shares of General Motors in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, General Motors has a consensus rating of "Hold" and a consensus price target of $58.05.

Insiders Place Their Bets

In related news, CAO Christopher Hatto sold 36,804 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $55.10, for a total transaction of $2,027,900.40. Following the completion of the transaction, the chief accounting officer directly owned 12,007 shares in the company, valued at $661,585.70. This represents a 75.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Rory Harvey sold 23,977 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total value of $1,271,020.77. Following the transaction, the executive vice president owned 8,513 shares of the company's stock, valued at approximately $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 own 0.54% of the company's stock.

General Motors Trading Down 0.4%

Shares of NYSE GM traded down $0.25 during trading on Thursday, hitting $58.51. 7,209,249 shares of the company traded hands, compared to its average volume of 11,629,676. General Motors Company has a 1 year low of $41.60 and a 1 year high of $61.24. The company has a 50-day moving average price of $53.11 and a 200-day moving average price of $49.42. The firm has a market capitalization of $55.70 billion, a P/E ratio of 9.29, a P/E/G ratio of 1.24 and a beta of 1.36. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, beating 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 business had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. During the same quarter in the previous year, the business posted $3.06 EPS. The business's quarterly revenue was down 1.8% on a year-over-year basis. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, equities analysts predict that General Motors Company will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The business 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 $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, September 5th. General Motors's dividend payout ratio is 9.52%.

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.