Thompson Investment Management Inc. Boosts Holdings in General Motors Company $GM

Thompson Investment Management Inc. boosted its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 5,720.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,164 shares of the auto manufacturer’s stock after purchasing an additional 1,144 shares during the quarter. Thompson Investment Management Inc.’s holdings in General Motors were worth $57,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in General Motors by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer’s stock worth $4,672,023,000 after purchasing an additional 6,395,375 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in General Motors by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,383,079 shares of the auto manufacturer’s stock worth $676,322,000 after purchasing an additional 316,196 shares in the last quarter. Invesco Ltd. lifted its stake in General Motors by 4.5% in the 1st quarter. Invesco Ltd. now owns 13,746,152 shares of the auto manufacturer’s stock worth $646,482,000 after purchasing an additional 594,217 shares in the last quarter. AQR Capital Management LLC lifted its stake in General Motors by 146.8% in the 1st quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer’s stock worth $629,196,000 after purchasing an additional 8,012,743 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in General Motors by 17.5% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 12,822,632 shares of the auto manufacturer’s stock worth $603,048,000 after purchasing an additional 1,910,186 shares in the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Barclays raised their price objective on shares of General Motors from $73.00 to $77.00 and gave the company an “overweight” rating in a research report on Friday. Jefferies Financial Group raised their price objective on shares of General Motors from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Monday. UBS Group upgraded shares of General Motors from a “neutral” rating to a “buy” rating and raised their price objective for the company from $56.00 to $81.00 in a research report on Wednesday, September 24th. The Goldman Sachs Group raised their price objective on shares of General Motors from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of General Motors in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $64.84.

Insider Activity

In other General Motors news, CAO Christopher Hatto sold 23,400 shares of the firm’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $61.01, for a total value of $1,427,634.00. Following the sale, the chief accounting officer owned 12,007 shares of the company’s stock, valued at $732,547.07. This trade represents a 66.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rory Harvey sold 6,600 shares of the firm’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $61.95, for a total transaction of $408,870.00. Following the completion of the sale, the executive vice president directly owned 8,513 shares in the company, valued at approximately $527,380.35. This trade represents a 43.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,074,824 shares of company stock worth $122,377,213 in the last quarter. Insiders own 0.54% of the company’s stock.

General Motors Price Performance

GM stock opened at $55.36 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22. General Motors Company has a 52 week low of $41.60 and a 52 week high of $62.14. The firm’s fifty day moving average is $57.61 and its 200 day moving average is $51.75. The firm has a market cap of $52.70 billion, a P/E ratio of 8.79, a P/E/G ratio of 1.18 and a beta of 1.33.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, beating the consensus estimate of $2.52 by $0.01. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The company 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 earned $3.06 EPS. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Research analysts predict that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, September 5th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, September 5th. General Motors’s dividend payout ratio (DPR) is 9.52%.

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.