General Motors Company $GM Shares Purchased by Prudential Financial Inc.

Prudential Financial Inc. raised its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,126,120 shares of the auto manufacturer’s stock after buying an additional 7,908 shares during the quarter. Prudential Financial Inc. owned about 0.33% of General Motors worth $153,836,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in GM. Trust Co. of Toledo NA OH acquired a new stake in shares of General Motors during the second quarter valued at $25,000. GFG Capital LLC purchased a new position in General Motors in the 2nd quarter valued at about $27,000. RMG Wealth Management LLC purchased a new position in General Motors in the 2nd quarter valued at about $32,000. Costello Asset Management INC acquired a new stake in shares of General Motors during the 1st quarter worth about $32,000. Finally, WPG Advisers LLC purchased a new stake in shares of General Motors during the first quarter worth about $34,000. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Trading Up 3.2%

Shares of GM opened at $70.20 on Friday. General Motors Company has a twelve month low of $41.60 and a twelve month high of $72.87. The firm has a market capitalization of $65.49 billion, a P/E ratio of 14.12, a price-to-earnings-growth ratio of 0.96 and a beta of 1.41. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 1.40. The stock’s fifty day simple moving average is $63.65 and its 200 day simple moving average is $56.29.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, topping the consensus estimate of $2.32 by $0.48. The company had revenue of $48.59 billion during the quarter, compared to analyst estimates of $44.60 billion. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The firm’s revenue was down .3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.96 earnings per share. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. On average, equities research analysts forecast that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

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. The ex-dividend date is Friday, December 5th. This represents a $0.60 annualized dividend and a yield of 0.9%. General Motors’s dividend payout ratio (DPR) is presently 12.07%.

Insider Buying and Selling at General Motors

In other news, CEO Mary T. Barra sold 907,024 shares of the firm’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $58.24, for a total value of $52,825,077.76. Following the transaction, the chief executive officer owned 552,238 shares of the company’s stock, valued at approximately $32,162,341.12. This trade represents a 62.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Mark L. Reuss sold 260,600 shares of General Motors stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the transaction, the president owned 98,006 shares in the company, valued at $6,512,498.70. The trade was a 72.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,298,064 shares of company stock valued at $138,050,080 over the last ninety days. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on GM. Mizuho set a $76.00 price objective on shares of General Motors in a research note on Wednesday, October 22nd. Wall Street Zen lowered General Motors from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Zacks Research raised General Motors from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Weiss Ratings lowered General Motors from a “buy (b-)” rating to a “hold (c)” rating in a research note on Saturday, October 25th. Finally, Jefferies Financial Group lifted 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. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $70.00.

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.