Jefferies Financial Group Inc. Makes New $3.98 Million Investment in General Motors Company $GM

Jefferies Financial Group Inc. purchased a new stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 80,844 shares of the auto manufacturer’s stock, valued at approximately $3,978,000.

Several other large investors have also recently modified their holdings of the stock. Mirova raised its holdings in General Motors by 4.1% in the 1st quarter. Mirova now owns 133,969 shares of the auto manufacturer’s stock worth $6,301,000 after acquiring an additional 5,293 shares during the last quarter. Capital Investment Advisors LLC increased its holdings in shares of General Motors by 6.3% in the 2nd quarter. Capital Investment Advisors LLC now owns 8,811 shares of the auto manufacturer’s stock worth $434,000 after purchasing an additional 526 shares in the last quarter. Boston Partners bought a new stake in shares of General Motors in the 1st quarter worth $719,000. Malaga Cove Capital LLC purchased a new position in shares of General Motors in the first quarter worth $292,000. Finally, Ieq Capital LLC lifted its holdings in shares of General Motors by 233.7% during the first quarter. Ieq Capital LLC now owns 507,213 shares of the auto manufacturer’s stock valued at $23,854,000 after purchasing an additional 355,235 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GM shares. Jefferies Financial Group lifted their price objective on General Motors from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, October 6th. Benchmark reaffirmed a “buy” rating on shares of General Motors in a report on Wednesday, October 22nd. Zacks Research upgraded shares of General Motors from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Citigroup boosted their price objective on shares of General Motors from $75.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, Wedbush set a $75.00 target price on shares of General Motors and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.27.

General Motors Price Performance

NYSE GM opened at $70.99 on Tuesday. The company has a 50-day moving average price of $63.89 and a 200-day moving average price of $56.53. General Motors Company has a 52 week low of $41.60 and a 52 week high of $72.87. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $66.22 billion, a P/E ratio of 14.28, a PEG ratio of 0.96 and a beta of 1.41.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share (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 during the quarter, compared to analyst estimates of $44.60 billion. During the same period in the previous year, the business posted $2.96 earnings per share. The firm’s quarterly revenue 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 anticipate that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Friday, December 5th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, December 5th. General Motors’s dividend payout ratio is 12.07%.

Insider Buying and Selling

In related news, CEO Mary T. Barra sold 907,024 shares of General Motors 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 in the company, valued at approximately $32,162,341.12. The trade was a 62.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Christopher Hatto sold 23,400 shares of the business’s stock in a transaction dated 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 directly owned 12,007 shares of the company’s stock, valued at $732,547.07. This represents a 66.09% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 2,298,064 shares of company stock valued at $138,050,080. 0.54% of the stock is owned by company 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.