Teza Capital Management LLC Takes $402,000 Position in General Motors Company $GM

Key Points

• Teza Capital Management LLC has made a new investment of approximately $402,000 in General Motors by purchasing 8,548 shares of the company's stock in the first quarter.
• Analysts have recently increased their price targets for General Motors, with Wedbush raising its target from $55.00 to $65.00, and several other firms also setting targets around the same range.
• General Motors has announced a quarterly dividend of $0.15 per share, payable on September 18th, representing an annualized yield of 1.0%.

Teza Capital Management LLC bought a new position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,548 shares of the auto manufacturer's stock, valued at approximately $402,000.

Several other large investors also recently made changes to their positions in GM. AQR Capital Management LLC grew its holdings in shares of General Motors by 146.8% during the first quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer's stock worth $629,196,000 after purchasing an additional 8,012,743 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of General Motors by 6.9% during the first 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 bought a new stake in shares of General Motors during the first quarter worth $175,889,000. Assenagon Asset Management S.A. boosted its position in General Motors by 305.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,858,959 shares of the auto manufacturer's stock valued at $134,457,000 after buying an additional 2,154,037 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in General Motors by 17.5% in the 1st 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 during the last quarter. Institutional investors own 92.67% of the company's stock.

Insider Buying and Selling

In related news, EVP Rory Harvey sold 23,977 shares of General Motors stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mary T. Barra sold 907,024 shares of the business's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $58.24, for a total value of $52,825,077.76. Following the completion of the transaction, the chief executive officer directly owned 552,238 shares of the company's stock, valued at approximately $32,162,341.12. The trade was a 62.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,070,311 shares of company stock valued at $62,095,433 in the last 90 days. 0.54% of the stock is owned by insiders.

General Motors Trading Up 2.3%

GM stock traded up $1.32 during midday trading on Thursday, reaching $58.66. The company's stock had a trading volume of 5,807,111 shares, compared to its average volume of 11,340,851. The business's 50-day simple moving average is $54.86 and its 200-day simple moving average is $50.15. General Motors Company has a 52 week low of $41.60 and a 52 week high of $61.24. The stock has a market cap of $55.85 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 1.22 and a beta of 1.32. 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 released its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share 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 business had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. During the same quarter last year, the firm earned $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. As a group, sell-side analysts expect that General Motors Company will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors 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 yield of 1.0%. General Motors's dividend payout ratio (DPR) is presently 9.52%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GM. Wells Fargo & Company increased their price objective on General Motors from $34.00 to $38.00 and gave the company an "underweight" rating in a research report on Wednesday, July 23rd. Bank of America decreased their price objective on General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Benchmark began coverage on General Motors in a research report on Monday, July 21st. They issued a "buy" rating and a $65.00 price objective on the stock. Royal Bank Of Canada reiterated an "outperform" rating on shares of General Motors in a research report on Thursday, July 24th. Finally, Wedbush increased their price objective on General Motors from $55.00 to $65.00 and gave the company an "outperform" rating in a research report on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $58.05.

About General Motors

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.