Blue Trust Inc. Grows Stake in General Motors Company $GM

Blue Trust Inc. increased its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 21.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,012 shares of the auto manufacturer’s stock after acquiring an additional 541 shares during the period. Blue Trust Inc.’s holdings in General Motors were worth $148,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of GM. GFG Capital LLC purchased a new position in shares of General Motors during the second quarter valued at approximately $27,000. Costello Asset Management INC purchased a new position in shares of General Motors during the first quarter valued at approximately $32,000. RMG Wealth Management LLC purchased a new position in shares of General Motors during the second quarter valued at approximately $32,000. WPG Advisers LLC purchased a new position in shares of General Motors during the first quarter valued at approximately $34,000. Finally, North Capital Inc. purchased a new position in shares of General Motors during the first quarter valued at approximately $40,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Industrial Alliance Securities set a $70.00 target price on General Motors in a research report on Friday, July 11th. Wedbush boosted their price target on General Motors from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, August 19th. Benchmark began coverage on General Motors in a report on Monday, July 21st. They issued a “buy” rating and a $65.00 price target for the company. Wells Fargo & Company boosted their price target on General Motors from $38.00 to $40.00 and gave the company an “underweight” rating in a report on Friday, October 3rd. Finally, Jefferies Financial Group boosted their price target on General Motors from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, General Motors has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.

General Motors Stock Performance

Shares of NYSE:GM opened at $57.88 on Thursday. The company has a market capitalization of $55.10 billion, a price-to-earnings ratio of 9.19, a price-to-earnings-growth ratio of 1.20 and a beta of 1.33. General Motors Company has a 52 week low of $41.60 and a 52 week high of $62.14. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42. The firm has a 50 day moving average of $57.86 and a 200 day moving average of $51.93.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.01. The company had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. General Motors’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.06 earnings per share. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, sell-side analysts predict that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, September 5th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. General Motors’s payout ratio is 9.52%.

Insider Buying and Selling at General Motors

In other news, CEO Mary T. Barra sold 907,024 shares of the company’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 of the company’s stock, valued at approximately $32,162,341.12. This represents a 62.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Mark L. Reuss sold 136,161 shares of the company’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $60.12, for a total value of $8,185,999.32. Following the transaction, the president directly owned 131,036 shares in the company, valued at approximately $7,877,884.32. The trade was a 50.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,074,824 shares of company stock worth $122,377,213. 0.54% of the stock is currently owned by corporate insiders.

General Motors Company 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.