Trexquant Investment LP Has $31.85 Million Holdings in General Motors Company $GM

Key Points

• Trexquant Investment LP increased its stake in General Motors by 180.8%, acquiring an additional 435,996 shares during the first quarter, bringing its total ownership to 677,198 shares valued at approximately $31.8 million.
• BNP Paribas upgraded General Motors to a "strong-buy" rating, while analysts have set an average target price of $58.05 for the stock, reflecting mixed ratings across multiple research firms.
• General Motors announced a quarterly dividend of $0.15 per share, with the payout date set for September 18th, resulting in an annualized yield of 1.0%.

Trexquant Investment LP raised its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 180.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 677,198 shares of the auto manufacturer's stock after purchasing an additional 435,996 shares during the quarter. Trexquant Investment LP owned 0.07% of General Motors worth $31,849,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC grew its position in shares of General Motors by 456.1% in the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer's stock worth $2,062,000 after acquiring an additional 31,755 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in shares of General Motors by 16.4% in the 4th quarter. Integrated Wealth Concepts LLC now owns 23,656 shares of the auto manufacturer's stock worth $1,260,000 after acquiring an additional 3,336 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of General Motors by 8.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 828,184 shares of the auto manufacturer's stock worth $44,117,000 after acquiring an additional 62,113 shares in the last quarter. Northern Trust Corp grew its position in shares of General Motors by 8.1% in the 4th quarter. Northern Trust Corp now owns 10,930,178 shares of the auto manufacturer's stock worth $582,251,000 after acquiring an additional 822,454 shares in the last quarter. Finally, Rehmann Capital Advisory Group acquired a new position in General Motors during the 4th quarter valued at approximately $218,000. Institutional investors and hedge funds own 92.67% of the company's stock.

Insider Activity

In other General Motors news, CAO Christopher Hatto sold 36,804 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $55.10, for a total value of $2,027,900.40. Following the transaction, the chief accounting officer 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 owned 552,238 shares in the company, valued at $32,162,341.12. This trade represents a 62.16% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,070,311 shares of company stock worth $62,095,433. 0.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on GM shares. CLSA upgraded General Motors to a "moderate buy" rating in a research report on Monday, July 7th. Citigroup lifted their target price on General Motors from $59.00 to $61.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Wedbush lifted their target price on General Motors from $55.00 to $65.00 and gave the company an "outperform" rating in a research note on Tuesday, August 19th. Bank of America cut their target price on General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, July 23rd. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of General Motors in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $58.05.

General Motors Price Performance

Shares of NYSE 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. 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 stock has a market cap of $55.83 billion, a PE ratio of 9.31, a P/E/G ratio of 1.24 and a beta of 1.36. The company has a 50-day moving average price of $53.53 and a two-hundred day moving average price of $49.59. General Motors Company has a 1-year low of $41.60 and a 1-year high of $61.24.

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. The business had revenue of $47.12 billion for the quarter, compared to analysts' expectations of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The company's quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.06 EPS. 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 earnings per share for the current year.

General Motors Announces Dividend

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