Vanguard Personalized Indexing Management LLC Raises Stock Position in General Motors Company $GM

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in General Motors by 7.8%, now owning 180,660 shares valued at approximately $8.89 million.
• Insider trading saw significant activity, with the Chief Accounting Officer and the President selling over 159,000 shares combined in September.
• General Motors recently reported quarterly earnings exceeding expectations, with a net revenue of $47.12 billion and an EPS of $2.53, despite a year-over-year decline.

Vanguard Personalized Indexing Management LLC grew its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 7.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 180,660 shares of the auto manufacturer's stock after buying an additional 13,094 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in General Motors were worth $8,891,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Trust Co. of Toledo NA OH bought a new stake in shares of General Motors during the 2nd quarter valued at $25,000. GFG Capital LLC bought a new stake in shares of General Motors during the 2nd quarter valued at $27,000. Costello Asset Management INC bought a new stake in shares of General Motors during the 1st quarter valued at $32,000. RMG Wealth Management LLC bought a new stake in shares of General Motors during the 2nd quarter valued at $32,000. Finally, WPG Advisers LLC bought a new stake in shares of General Motors during the 1st quarter valued at $34,000. Institutional investors own 92.67% of the company's stock.

Insider Activity at General Motors

In other General Motors news, CAO Christopher Hatto sold 23,400 shares of the business's stock in a transaction on Friday, September 26th. The shares were sold at an average price of $61.01, for a total transaction of $1,427,634.00. Following the completion of the sale, the chief accounting officer directly owned 12,007 shares in the company, valued at approximately $732,547.07. The trade was a 66.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Mark L. Reuss sold 136,161 shares of the business's stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $60.12, for a total transaction of $8,185,999.32. Following the sale, the president owned 131,036 shares of the company's stock, valued at approximately $7,877,884.32. This represents a 50.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,074,824 shares of company stock valued at $122,377,213 in the last quarter. 0.54% of the stock is currently owned by corporate insiders.

General Motors Stock Performance

Shares of NYSE GM opened at $55.36 on Monday. The firm's 50-day moving average price is $57.61 and its 200-day moving average price is $51.79. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42. The company has a market cap of $52.70 billion, a PE ratio of 8.79, a PEG ratio of 1.17 and a beta of 1.33. General Motors Company has a 52-week low of $41.60 and a 52-week high of $62.14.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced 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. The firm had revenue of $47.12 billion for the quarter, compared to the consensus estimate of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The business's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, analysts anticipate 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 was paid on Thursday, September 18th. Shareholders of record on Friday, September 5th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, September 5th. This represents a $0.60 dividend on an annualized basis and a yield of 1.1%. General Motors's payout ratio is currently 9.52%.

Analyst Ratings Changes

GM has been the topic of a number of research reports. CLSA upgraded shares of General Motors to a "moderate buy" rating in a report on Monday, July 7th. Benchmark initiated coverage on shares of General Motors in a research report on Monday, July 21st. They set a "buy" rating and a $65.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on shares of General Motors from $60.00 to $80.00 and gave the company an "overweight" rating in a research report on Tuesday, September 30th. Industrial Alliance Securities set a $70.00 price objective on shares of General Motors in a research report on Friday, July 11th. Finally, Citigroup increased their price objective on shares of General Motors from $61.00 to $75.00 and gave the company a "buy" rating in a research report on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $64.84.

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.

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