General Motors Company $GM Position Reduced by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. cut its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 12.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 449,326 shares of the auto manufacturer’s stock after selling 63,136 shares during the quarter. Asset Management One Co. Ltd.’s holdings in General Motors were worth $22,111,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Trust Co. of Toledo NA OH acquired a new position in shares of General Motors in the 2nd quarter valued at about $25,000. GFG Capital LLC purchased a new stake in shares of General Motors in the second quarter worth approximately $27,000. Costello Asset Management INC purchased a new stake in shares of General Motors in the first quarter worth approximately $32,000. RMG Wealth Management LLC purchased a new stake in shares of General Motors in the second quarter worth approximately $32,000. Finally, WPG Advisers LLC purchased a new stake in shares of General Motors in the first quarter worth approximately $34,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Stock Up 4.1%

Shares of NYSE:GM opened at $69.60 on Friday. General Motors Company has a 52 week low of $41.60 and a 52 week high of $69.70. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.05 and a current ratio of 1.23. The company’s fifty day moving average is $59.08 and its 200-day moving average is $52.86. The company has a market capitalization of $64.92 billion, a PE ratio of 14.00, a P/E/G ratio of 1.35 and a beta of 1.33.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, beating the consensus estimate of $2.32 by $0.48. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The company had revenue of $48.59 billion for the quarter, compared to the consensus estimate of $44.60 billion. During the same quarter in the previous year, the company earned $2.96 EPS. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Equities research 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 declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, December 5th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, December 5th. General Motors’s payout ratio is currently 12.07%.

Insiders Place Their Bets

In related news, EVP Rory Harvey sold 23,977 shares of General Motors stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 8,513 shares of the company’s stock, valued at $451,274.13. The trade was a 73.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Christopher Hatto sold 36,804 shares of General Motors stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $55.10, for a total value of $2,027,900.40. Following the completion of the transaction, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at $661,585.70. This represents a 75.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,335,424 shares of company stock valued at $139,694,083. 0.54% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GM shares. Mizuho set a $76.00 price objective on General Motors in a report on Wednesday. Cowen reiterated a “buy” rating on shares of General Motors in a report on Tuesday. Wall Street Zen upgraded shares of General Motors from a “hold” rating to a “buy” rating in a research note on Saturday. Tigress Financial raised their price objective on shares of General Motors from $88.00 to $92.00 and gave the stock a “strong-buy” rating in a research note on Friday. Finally, CLSA upgraded shares of General Motors to a “moderate buy” rating in a research note on Monday, July 7th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $70.00.

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.