Versor Investments LP Increases Stake in General Motors Company $GM

Key Points

• Versor Investments LP has significantly increased its stake in General Motors by 88.2%, now owning 19,200 shares valued at approximately $903,000.
• Executives at General Motors, including EVP Rory Harvey and CAO Christopher Hatto, have sold substantial portions of their stock holdings, indicating a decrease in insider ownership.
• General Motors recently reported a quarterly earnings per share of $2.53, exceeding analyst estimates, and also announced a quarterly dividend of $0.15 per share.

Versor Investments LP raised its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 88.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,200 shares of the auto manufacturer's stock after buying an additional 9,000 shares during the quarter. Versor Investments LP's holdings in General Motors were worth $903,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Measured Risk Portfolios Inc. acquired a new position in shares of General Motors during the fourth quarter valued at about $27,000. Costello Asset Management INC acquired a new position in shares of General Motors during the first quarter valued at about $32,000. Transce3nd LLC acquired a new position in shares of General Motors during the fourth quarter valued at about $34,000. North Capital Inc. acquired a new position in shares of General Motors during the first quarter valued at about $40,000. Finally, Ossiam acquired a new position in shares of General Motors during the fourth quarter valued at about $44,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Price Performance

Shares of NYSE:GM traded down $0.2350 during midday trading on Thursday, reaching $56.5350. 8,144,892 shares of the company's stock traded hands, compared to its average volume of 7,324,140. General Motors Company has a 1 year low of $41.60 and a 1 year high of $61.24. The company has a market cap of $53.83 billion, a P/E ratio of 8.97, a PEG ratio of 1.20 and a beta of 1.36. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22. The company has a fifty day simple moving average of $52.31 and a two-hundred day simple moving average of $49.12.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its 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. 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 firm posted $3.06 EPS. 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. Equities analysts predict that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, September 5th will be given 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 1.1%. General Motors's dividend payout ratio (DPR) is 9.52%.

Analyst Ratings Changes

Several research firms have recently issued reports on GM. Sanford C. Bernstein set a $36.00 price objective on shares of General Motors in a report on Monday, May 5th. Wedbush upped their price objective on shares of General Motors from $55.00 to $65.00 and gave the company an "outperform" rating in a report on Tuesday. Wells Fargo & Company increased their price target on shares of General Motors from $34.00 to $38.00 and gave the stock an "underweight" rating in a report on Wednesday, July 23rd. Bank of America cut their price target on shares of General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Finally, BNP Paribas upgraded shares of General Motors to a "strong-buy" rating in a report on Monday, May 5th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $58.05.

Insider Buying and Selling

In other news, CAO Christopher Hatto sold 36,804 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer owned 12,007 shares in the company, valued at $661,585.70. This trade represents a 75.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Rory Harvey sold 23,977 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were 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 in the company, valued at $451,274.13. This trade represents a 73.80% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.54% of the company's stock.

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.