Te Ahumairangi Investment Management Ltd Has $5.38 Million Stake in General Motors Company $GM

Te Ahumairangi Investment Management Ltd raised its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 19.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 109,382 shares of the auto manufacturer’s stock after buying an additional 17,920 shares during the quarter. Te Ahumairangi Investment Management Ltd’s holdings in General Motors were worth $5,383,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in GM. Sowell Financial Services LLC boosted its position in shares of General Motors by 2.9% during the 2nd quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer’s stock worth $336,000 after acquiring an additional 195 shares in the last quarter. Mayflower Financial Advisors LLC lifted its stake in General Motors by 4.1% during the second quarter. Mayflower Financial Advisors LLC now owns 5,163 shares of the auto manufacturer’s stock worth $254,000 after purchasing an additional 205 shares during the last quarter. ICONIQ Capital LLC boosted its holdings in shares of General Motors by 4.2% in the 1st quarter. ICONIQ Capital LLC now owns 5,434 shares of the auto manufacturer’s stock valued at $256,000 after purchasing an additional 220 shares in the last quarter. HHM Wealth Advisors LLC boosted its holdings in shares of General Motors by 14.4% in the 1st quarter. HHM Wealth Advisors LLC now owns 1,838 shares of the auto manufacturer’s stock valued at $86,000 after purchasing an additional 232 shares in the last quarter. Finally, Private Trust Co. NA increased its stake in shares of General Motors by 4.8% in the 2nd quarter. Private Trust Co. NA now owns 5,519 shares of the auto manufacturer’s stock valued at $272,000 after purchasing an additional 253 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Mary T. Barra sold 753,720 shares of the firm’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $59.95, for a total transaction of $45,185,514.00. Following the completion of the transaction, the chief executive officer directly owned 433,527 shares of the company’s stock, valued at $25,989,943.65. This trade represents a 63.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Christopher Hatto sold 7,724 shares of General Motors stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $72.00, for a total value of $556,128.00. Following the transaction, the chief accounting officer directly owned 12,007 shares in the company, valued at $864,504. The trade was a 39.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 2,283,397 shares of company stock valued at $137,184,727. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

GM has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on General Motors from $60.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 30th. Jefferies Financial Group increased their target price on shares of General Motors from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, October 6th. UBS Group raised their price target on shares of General Motors from $81.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Wall Street Zen cut shares of General Motors from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Evercore ISI raised their target price on shares of General Motors from $68.00 to $74.00 and gave the company an “outperform” rating in a research report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $70.27.

General Motors Stock Performance

General Motors stock opened at $72.68 on Wednesday. The business has a 50 day moving average of $64.17 and a 200-day moving average of $56.71. The company has a market capitalization of $67.80 billion, a P/E ratio of 14.62, a P/E/G ratio of 0.96 and a beta of 1.41. General Motors Company has a 1 year low of $41.60 and a 1 year high of $73.11. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.06.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its 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. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The business had revenue of $48.59 billion for the quarter, compared to the consensus estimate of $44.60 billion. During the same period last year, the company earned $2.96 EPS. The firm’s 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. On average, equities research analysts predict that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

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

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.