UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Reduces Stock Position in General Motors Company $GM

Key Points

• UBS AM reduced its stake in General Motors by 1.4% during the first quarter, holding approximately 7.45 million shares worth around $350 million.
• In the most recent insider trading activity, both EVP Rory Harvey and CEO Mary T. Barra sold significant amounts of stock, with total sales exceeding $6 million.
• General Motors announced a quarterly dividend of $0.15 per share, representing a 1.0% annual yield, with the payout scheduled for September 18th.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lessened its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 1.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,452,396 shares of the auto manufacturer's stock after selling 103,125 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.78% of General Motors worth $350,486,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Measured Risk Portfolios Inc. purchased a new position in General Motors in the fourth quarter valued at $27,000. Costello Asset Management INC acquired a new stake in shares of General Motors during the first quarter worth about $32,000. WPG Advisers LLC acquired a new stake in shares of General Motors during the first quarter worth about $34,000. North Capital Inc. acquired a new stake in shares of General Motors during the first quarter worth about $40,000. Finally, Banque Transatlantique SA acquired a new stake in shares of General Motors during the first quarter worth about $40,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

Insider Buying and Selling at General Motors

In other General Motors news, EVP Rory Harvey sold 23,977 shares of General Motors 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 sale, the executive vice president owned 8,513 shares of the company's stock, valued at approximately $451,274.13. The trade was a 73.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mary T. Barra sold 87,839 shares of General Motors stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $58.13, for a total value of $5,106,081.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,070,311 shares of company stock valued at $62,095,433. 0.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

GM has been the topic of a number of research analyst reports. Wedbush lifted their target price on General Motors from $55.00 to $65.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. Wells Fargo & Company lifted their target price on General Motors from $34.00 to $38.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 23rd. 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 report on Wednesday, July 23rd. CLSA upgraded General Motors to a "moderate buy" rating in a research report on Monday, July 7th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of General Motors in a research report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $58.05.

General Motors Stock Performance

NYSE GM opened at $57.33 on Thursday. 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 Company has a 52-week low of $41.60 and a 52-week high of $61.24. The business's 50-day moving average price is $54.86 and its 200 day moving average price is $50.15. The firm has a market cap of $54.58 billion, a P/E ratio of 9.10, a P/E/G ratio of 1.22 and a beta of 1.32.

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, topping analysts' consensus estimates of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The firm had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. During the same quarter last year, the company posted $3.06 earnings per share. The business's 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 research analysts expect that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, September 5th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.