Vontobel Holding Ltd. Boosts Stock Position in General Motors Company $GM

Key Points

• Vontobel Holding Ltd. increased its stake in General Motors by 6.8%, owning 122,388 shares valued at $6,023,000 as of the latest SEC filing.
• CEO Mary T. Barra sold over 907,000 shares, marking a significant 62.16% decrease in her ownership.
• General Motors announced a quarterly dividend of $0.15 per share, with a 1.1% yield and a payout ratio of 9.52%.

Vontobel Holding Ltd. boosted its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 6.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 122,388 shares of the auto manufacturer's stock after acquiring an additional 7,781 shares during the quarter. Vontobel Holding Ltd.'s holdings in General Motors were worth $6,023,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Cassia Capital Partners LLC boosted its holdings in General Motors by 63.0% during the 1st quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer's stock valued at $879,000 after acquiring an additional 7,221 shares during the period. Mirova raised its position in General Motors by 4.1% during the 1st quarter. Mirova now owns 133,969 shares of the auto manufacturer's stock valued at $6,301,000 after purchasing an additional 5,293 shares in the last quarter. Capital Investment Advisors LLC raised its position in General Motors by 6.3% during the 2nd quarter. Capital Investment Advisors LLC now owns 8,811 shares of the auto manufacturer's stock valued at $434,000 after purchasing an additional 526 shares in the last quarter. AustralianSuper Pty Ltd raised its position in General Motors by 38.9% during the 1st quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer's stock valued at $287,428,000 after purchasing an additional 1,712,033 shares in the last quarter. Finally, Sowell Financial Services LLC bought a new stake in General Motors during the 1st quarter valued at $312,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

Insiders Place Their Bets

In related news, CEO Mary T. Barra sold 907,024 shares of the business's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $58.24, for a total transaction of $52,825,077.76. Following the transaction, the chief executive officer directly owned 552,238 shares in the company, valued at $32,162,341.12. The trade was a 62.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Rory Harvey sold 23,977 shares of the business's stock in a transaction 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 transaction, the executive vice president owned 8,513 shares in the company, valued at approximately $451,274.13. This trade represents a 73.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,074,824 shares of company stock valued at $122,377,213 in the last 90 days. Corporate insiders own 0.54% of the company's stock.

General Motors Trading Down 1.0%

GM opened at $55.36 on Friday. The firm has a market cap of $52.70 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 1.18 and a beta of 1.33. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42. General Motors Company has a 12 month low of $41.60 and a 12 month high of $62.14. The stock has a fifty day moving average price of $57.61 and a 200-day moving average price of $51.75.

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 EPS for the quarter, topping the consensus estimate of $2.52 by $0.01. The firm had revenue of $47.12 billion during the quarter, compared to analyst estimates of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The business's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, equities research analysts anticipate that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, September 5th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, September 5th. General Motors's payout ratio is 9.52%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GM. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of General Motors in a research report on Wednesday. Industrial Alliance Securities set a $70.00 target price on General Motors in a research report on Friday, July 11th. Wells Fargo & Company lifted their target price on General Motors from $38.00 to $40.00 and gave the company an "underweight" rating in a research report on Friday, October 3rd. The Goldman Sachs Group lifted their target price on General Motors from $70.00 to $74.00 and gave the company a "buy" rating in a research report on Monday, September 29th. Finally, Jefferies Financial Group lifted their target price on General Motors from $50.00 to $55.00 and gave the company a "hold" rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $64.84.

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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