Rep. Robert Bresnahan, Jr. Purchases Shares of General Motors (NYSE:GM)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of General Motors NYSE: GM. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in General Motors stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
• Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Occidental Petroleum NYSE: OXY on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 4/8/2025.
• Sold $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 4/8/2025.

General Motors Stock Up 0.3 %

Shares of General Motors stock traded up $0.16 during trading hours on Friday, reaching $47.51. 8,581,366 shares of the company's stock were exchanged, compared to its average volume of 13,425,366. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. The company has a 50 day moving average of $46.63 and a two-hundred day moving average of $50.10. The stock has a market cap of $45.68 billion, a P/E ratio of 7.73, a P/E/G ratio of 0.67 and a beta of 1.36. General Motors has a fifty-two week low of $38.96 and a fifty-two week high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its earnings results on Tuesday, April 29th. The auto manufacturer reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.63 by $0.15. The business had revenue of $44.02 billion during the quarter, compared to analysts' expectations of $42.64 billion. General Motors had a net margin of 3.21% and a return on equity of 15.29%. The firm's revenue was up 2.3% on a year-over-year basis. During the same period last year, the business earned $2.62 earnings per share. On average, sell-side analysts forecast that General Motors will post 11.44 EPS for the current fiscal year.

General Motors announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 26th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to repurchase up to 12.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

General Motors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Friday, June 6th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, June 6th. This is a positive change from General Motors's previous quarterly dividend of $0.12. General Motors's payout ratio is currently 8.65%.

Institutional Investors Weigh In On General Motors

Hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. lifted its stake in shares of General Motors by 19.7% in the 4th quarter. Blue Trust Inc. now owns 9,164 shares of the auto manufacturer's stock valued at $488,000 after acquiring an additional 1,510 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of General Motors during the fourth quarter valued at about $25,404,000. SYM FINANCIAL Corp bought a new stake in shares of General Motors during the fourth quarter worth about $474,000. Asset Management One Co. Ltd. increased its stake in shares of General Motors by 9.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 463,848 shares of the auto manufacturer's stock valued at $25,178,000 after buying an additional 39,474 shares during the period. Finally, Avantra Family Wealth Inc. bought a new position in General Motors in the 4th quarter valued at approximately $1,044,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GM. Cowen assumed coverage on General Motors in a research report on Thursday, March 6th. They set a "buy" rating on the stock. TD Cowen started coverage on shares of General Motors in a research report on Friday, March 7th. They set a "buy" rating and a $105.00 price objective for the company. Barclays lifted their target price on shares of General Motors from $40.00 to $45.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Wedbush cut their price objective on shares of General Motors from $60.00 to $55.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, Citigroup assumed coverage on General Motors in a research note on Wednesday, April 23rd. They set a "buy" rating and a $62.00 target price on the stock. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $54.28.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About General Motors

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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