Chiron Capital Management LLC Has $291,000 Holdings in General Motors Company $GM

Chiron Capital Management LLC lessened its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 14.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,908 shares of the auto manufacturer’s stock after selling 1,004 shares during the quarter. Chiron Capital Management LLC’s holdings in General Motors were worth $291,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GM. Westpac Banking Corp increased its stake in shares of General Motors by 12.3% in the 2nd quarter. Westpac Banking Corp now owns 31,453 shares of the auto manufacturer’s stock valued at $1,548,000 after acquiring an additional 3,439 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in General Motors by 66.7% during the second quarter. Rockefeller Capital Management L.P. now owns 423,003 shares of the auto manufacturer’s stock valued at $20,816,000 after purchasing an additional 169,323 shares during the period. Cornerstone Advisors LLC increased its stake in General Motors by 27.1% in the second quarter. Cornerstone Advisors LLC now owns 85,900 shares of the auto manufacturer’s stock valued at $4,227,000 after purchasing an additional 18,300 shares in the last quarter. Citizens Financial Group Inc. RI raised its holdings in General Motors by 39.5% in the second quarter. Citizens Financial Group Inc. RI now owns 8,261 shares of the auto manufacturer’s stock worth $407,000 after purchasing an additional 2,338 shares during the period. Finally, Avantax Advisory Services Inc. boosted its position in shares of General Motors by 5.3% during the second quarter. Avantax Advisory Services Inc. now owns 74,928 shares of the auto manufacturer’s stock worth $3,687,000 after purchasing an additional 3,797 shares in the last quarter. Institutional investors own 92.67% of the company’s stock.

Insider Activity at General Motors

In other General Motors news, CEO Mary T. Barra sold 907,024 shares of General Motors 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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Christopher Hatto sold 23,400 shares of the business’s stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $61.01, for a total transaction of $1,427,634.00. Following the sale, the chief accounting officer directly owned 12,007 shares in the company, valued at $732,547.07. This trade represents a 66.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 2,298,064 shares of company stock valued at $138,050,080. Corporate insiders own 0.54% of the company’s stock.

General Motors Stock Performance

Shares of General Motors stock opened at $70.52 on Monday. 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 firm has a market cap of $65.79 billion, a price-to-earnings ratio of 14.19, a price-to-earnings-growth ratio of 0.96 and a beta of 1.41. General Motors Company has a one year low of $41.60 and a one year high of $72.87. The stock’s 50-day moving average is $62.61 and its 200-day moving average is $55.55.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, beating the consensus estimate of $2.32 by $0.48. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The firm had revenue of $48.59 billion for the quarter, compared to analysts’ expectations of $44.60 billion. During the same quarter in the previous year, the business posted $2.96 EPS. The business’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 analysts predict that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, December 5th will be issued a dividend of $0.15 per share. 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 is presently 12.07%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. TD Cowen upped their price objective on shares of General Motors from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Zacks Research raised General Motors from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Wall Street Zen downgraded General Motors from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Bank of America cut their price objective on General Motors from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Finally, Barclays boosted their price objective on General Motors from $77.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.