Vident Advisory LLC Has $1.04 Million Position in General Motors Company $GM

Key Points

• Vident Advisory LLC increased its stake in General Motors by 38.7%, now holding 22,172 shares valued at $1.04 million as per recent SEC filings.
• Multiple hedge funds have adjusted their positions in GM, with notable increases from Canada Pension Plan Investment Board (+50.6%) and Trexquant Investment LP (+180.8%).
• General Motors declared a quarterly dividend of $0.15 per share, representing an annualized yield of 1.0%, with a payout ratio of 9.52%.

Vident Advisory LLC grew its stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 38.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,172 shares of the auto manufacturer's stock after purchasing an additional 6,190 shares during the period. Vident Advisory LLC's holdings in General Motors were worth $1,043,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in GM. Canada Pension Plan Investment Board boosted its position in General Motors by 50.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,609,851 shares of the auto manufacturer's stock worth $122,741,000 after buying an additional 877,362 shares during the period. Te Ahumairangi Investment Management Ltd boosted its position in General Motors by 7.3% during the 1st quarter. Te Ahumairangi Investment Management Ltd now owns 91,462 shares of the auto manufacturer's stock worth $4,301,000 after buying an additional 6,250 shares during the period. WPG Advisers LLC acquired a new stake in General Motors during the 1st quarter worth approximately $34,000. State of Wyoming acquired a new stake in General Motors during the 1st quarter worth approximately $184,000. Finally, Trexquant Investment LP boosted its position in General Motors by 180.8% during the 1st quarter. Trexquant Investment LP now owns 677,198 shares of the auto manufacturer's stock worth $31,849,000 after buying an additional 435,996 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at General Motors

In other General Motors news, CAO Christopher Hatto sold 14,667 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $59.00, for a total transaction of $865,353.00. Following the completion of the sale, the chief accounting officer owned 12,007 shares in the company, valued at approximately $708,413. The trade was a 54.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Rory Harvey sold 23,977 shares of the business's stock in a transaction 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 sale, 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 1,070,311 shares of company stock worth $62,095,433. 0.54% of the stock is owned by corporate insiders.

General Motors Stock Performance

NYSE:GM opened at $57.74 on Thursday. The company has a fifty day moving average of $54.11 and a 200-day moving average of $49.79. The firm has a market capitalization of $54.97 billion, a P/E ratio of 9.16, a P/E/G ratio of 1.24 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 Company has a twelve month low of $41.60 and a twelve month high of $61.24.

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 EPS for the quarter, beating analysts' consensus estimates of $2.52 by $0.01. The business had revenue of $47.12 billion during the quarter, compared to analyst estimates of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. General Motors's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, sell-side analysts anticipate that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, September 5th. General Motors's payout ratio is 9.52%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GM shares. UBS Group lifted their target price on shares of General Motors from $50.00 to $56.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Piper Sandler restated a "neutral" rating and issued a $48.00 price target (up previously from $43.00) on shares of General Motors in a research report on Thursday, May 22nd. Bank of America dropped their price target on shares of General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. Wells Fargo & Company boosted their price target on shares of General Motors from $34.00 to $38.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 23rd. Finally, Benchmark assumed coverage on shares of General Motors in a research report on Monday, July 21st. They issued a "buy" rating and a $65.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $58.05.

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.

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