Twin Capital Management Inc. Grows Stock Holdings in General Motors Company $GM

Twin Capital Management Inc. boosted its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 2.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 61,577 shares of the auto manufacturer’s stock after buying an additional 1,397 shares during the period. Twin Capital Management Inc.’s holdings in General Motors were worth $3,030,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Sowell Financial Services LLC raised its stake in General Motors by 2.9% during the 2nd quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer’s stock valued at $336,000 after purchasing an additional 195 shares during the period. Mayflower Financial Advisors LLC grew its holdings in General Motors by 4.1% during the 2nd quarter. Mayflower Financial Advisors LLC now owns 5,163 shares of the auto manufacturer’s stock valued at $254,000 after buying an additional 205 shares in the last quarter. ICONIQ Capital LLC raised its position in shares of General Motors by 4.2% during the first quarter. ICONIQ Capital LLC now owns 5,434 shares of the auto manufacturer’s stock valued at $256,000 after buying an additional 220 shares during the last quarter. Hohimer Wealth Management LLC lifted its holdings in shares of General Motors by 0.3% in the first quarter. Hohimer Wealth Management LLC now owns 70,377 shares of the auto manufacturer’s stock worth $3,310,000 after buying an additional 230 shares in the last quarter. Finally, HHM Wealth Advisors LLC boosted its position in shares of General Motors by 14.4% during the first quarter. HHM Wealth Advisors LLC now owns 1,838 shares of the auto manufacturer’s stock worth $86,000 after acquiring an additional 232 shares during the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at General Motors

In other news, CAO Christopher Hatto sold 36,804 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $55.10, for a total transaction of $2,027,900.40. Following the transaction, the chief accounting officer owned 12,007 shares of the company’s stock, valued at approximately $661,585.70. This represents a 75.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Mary T. Barra sold 907,024 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $58.24, for a total value of $52,825,077.76. Following the sale, the chief executive officer directly owned 552,238 shares of the company’s stock, valued at $32,162,341.12. This represents a 62.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 2,327,144 shares of company stock worth $139,521,852. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on GM. Weiss Ratings cut shares of General Motors from a “buy (b-)” rating to a “hold (c)” rating in a research note on Saturday, October 25th. Evercore ISI boosted their target price on General Motors from $55.00 to $68.00 and gave the stock an “outperform” rating in a research report on Monday, October 13th. Cowen reissued a “buy” rating on shares of General Motors in a research note on Tuesday, October 21st. Citigroup lifted their price objective on General Motors from $75.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Industrial Alliance Securities set a $70.00 price objective on General Motors in a report on Friday, July 11th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $70.00.

General Motors Price Performance

NYSE:GM opened at $68.74 on Thursday. The firm has a market capitalization of $64.12 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 0.96 and a beta of 1.33. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.06. The business has a 50 day simple moving average of $60.86 and a 200-day simple moving average of $54.27. General Motors Company has a 1 year low of $41.60 and a 1 year high of $70.24.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.48. The company had revenue of $48.59 billion for 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%.General Motors’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Equities analysts forecast that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, December 5th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.9%. General Motors’s payout ratio is currently 12.07%.

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.