Fifth Third Wealth Advisors LLC Cuts Stake in General Motors Company $GM

Fifth Third Wealth Advisors LLC reduced its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 5.6% during the second quarter, HoldingsChannel reports. The fund owned 16,630 shares of the auto manufacturer’s stock after selling 993 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in General Motors were worth $818,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of General Motors by 6.9% during the first 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 boosted its stake in shares of General Motors by 2.2% during the first quarter. Dimensional Fund Advisors LP now owns 14,383,079 shares of the auto manufacturer’s stock valued at $676,322,000 after purchasing an additional 316,196 shares during the period. Invesco Ltd. lifted its stake in General Motors by 4.5% in the first quarter. Invesco Ltd. now owns 13,746,152 shares of the auto manufacturer’s stock worth $646,482,000 after acquiring an additional 594,217 shares during the period. AQR Capital Management LLC lifted its stake in General Motors by 146.8% in the first quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer’s stock worth $629,196,000 after acquiring an additional 8,012,743 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in General Motors by 17.5% in the first 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 institutional investors.

Insider Transactions at General Motors

In other news, EVP Rory Harvey sold 23,977 shares of the firm’s stock in a transaction that occurred 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 $451,274.13. This trade represents a 73.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Christopher Hatto sold 36,804 shares of General Motors stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $55.10, for a total value of $2,027,900.40. Following the transaction, the chief accounting officer owned 12,007 shares in the company, valued at approximately $661,585.70. The trade was a 75.40% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,074,824 shares of company stock worth $122,377,213. 0.54% of the stock is owned by insiders.

General Motors Trading Down 1.0%

Shares of NYSE GM opened at $55.36 on Monday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05. The stock has a market capitalization of $52.70 billion, a P/E ratio of 8.79, a price-to-earnings-growth ratio of 1.17 and a beta of 1.33. General Motors Company has a 1-year low of $41.60 and a 1-year high of $62.14. The business has a fifty day moving average price of $57.61 and a 200 day moving average price of $51.79.

General Motors (NYSE:GM) (TSE:GMM.U) last released 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 company had revenue of $47.12 billion during the quarter, compared to analysts’ expectations of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The firm’s revenue was down 1.8% compared to the same quarter last year. During the same period last year, the business posted $3.06 earnings per share. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Equities research analysts expect that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

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

Wall Street Analyst Weigh In

GM has been the subject of several recent analyst reports. Barclays lifted their price target on General Motors from $73.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday. UBS Group raised General Motors from a “neutral” rating to a “buy” rating and raised their target price for the stock from $56.00 to $81.00 in a research report on Wednesday, September 24th. Citigroup raised their target price on General Motors from $61.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $77.00 price objective on shares of General Motors in a research report on Friday. Finally, Bank of America lowered their price target on General Motors from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, General Motors 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.