Interchange Capital Partners LLC Reduces Stake in General Motors Company $GM

Interchange Capital Partners LLC lessened its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 71.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,234 shares of the auto manufacturer’s stock after selling 5,524 shares during the period. Interchange Capital Partners LLC’s holdings in General Motors were worth $110,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of GM. AQR Capital Management LLC lifted its stake in shares of General Motors by 146.8% in the 1st quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer’s stock valued at $629,196,000 after purchasing an additional 8,012,743 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of General Motors by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer’s stock valued at $4,672,023,000 after purchasing an additional 6,395,375 shares during the last quarter. Nuveen LLC acquired a new position in shares of General Motors in the 1st quarter valued at $175,889,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of General Motors in the 2nd quarter valued at $125,583,000. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in shares of General Motors by 17.5% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 12,822,632 shares of the auto manufacturer’s stock valued at $603,048,000 after purchasing an additional 1,910,186 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Buying and Selling

In other General Motors news, EVP Rory Harvey sold 6,600 shares of the stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $61.95, for a total value of $408,870.00. Following the sale, the executive vice president owned 8,513 shares of the company’s stock, valued at $527,380.35. This trade represents a 43.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Mark L. Reuss sold 136,161 shares of the stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $60.12, for a total value of $8,185,999.32. Following the completion of the sale, the president directly owned 131,036 shares in the company, valued at $7,877,884.32. This represents a 50.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,074,824 shares of company stock worth $122,377,213 over the last 90 days. 0.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on GM. Barclays upped their price target on General Motors from $73.00 to $77.00 and gave the company an “overweight” rating in a research note on Friday. Jefferies Financial Group raised their target price on General Motors from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, October 6th. Wedbush raised their target price on General Motors from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, August 19th. JPMorgan Chase & Co. raised their target price on General Motors from $60.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, September 30th. Finally, Citigroup raised their target price on General Motors from $61.00 to $75.00 and gave the company a “buy” rating in a report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $65.00.

General Motors Price Performance

GM stock opened at $57.12 on Wednesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05. The firm has a market capitalization of $54.39 billion, a P/E ratio of 9.07, a P/E/G ratio of 1.17 and a beta of 1.33. The business’s 50-day moving average is $57.76 and its two-hundred day moving average is $51.89. General Motors Company has a 1 year low of $41.60 and a 1 year high of $62.14.

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

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, September 5th were given 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 1.1%. General Motors’s dividend payout ratio (DPR) is currently 9.52%.

General Motors 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.