Acadian Asset Management LLC Increases Stock Position in General Motors Company $GM

Acadian Asset Management LLC increased its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 28.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,581 shares of the auto manufacturer’s stock after purchasing an additional 46,187 shares during the quarter. Acadian Asset Management LLC’s holdings in General Motors were worth $10,209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Sowell Financial Services LLC raised its position in shares of General Motors by 2.9% in the 2nd quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer’s stock worth $336,000 after buying an additional 195 shares during the period. Mayflower Financial Advisors LLC raised its position in shares of General Motors by 4.1% in the 2nd quarter. Mayflower Financial Advisors LLC now owns 5,163 shares of the auto manufacturer’s stock valued at $254,000 after purchasing an additional 205 shares in the last quarter. ICONIQ Capital LLC boosted its stake in General Motors by 4.2% during the 1st quarter. ICONIQ Capital LLC now owns 5,434 shares of the auto manufacturer’s stock valued at $256,000 after acquiring an additional 220 shares during the last quarter. HHM Wealth Advisors LLC grew its stake in General Motors by 14.4% in the first quarter. HHM Wealth Advisors LLC now owns 1,838 shares of the auto manufacturer’s stock worth $86,000 after purchasing an additional 232 shares in the last quarter. Finally, Private Trust Co. NA increased its holdings 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 acquiring an additional 253 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. TD Cowen lifted their target price on General Motors from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Cowen restated a “buy” rating on shares of General Motors in a research report on Tuesday, October 21st. Piper Sandler set a $66.00 price objective on shares of General Motors and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Wells Fargo & Company boosted their price objective on General Motors from $40.00 to $46.00 and gave the stock an “underweight” rating in a report on Wednesday, October 22nd. Finally, Zacks Research raised General Motors from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Three research 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, General Motors currently has an average rating of “Moderate Buy” and an average price target of $70.00.

General Motors Stock Performance

Shares of GM opened at $71.17 on Wednesday. General Motors Company has a one year low of $41.60 and a one year high of $71.64. 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 company has a market capitalization of $66.39 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 0.96 and a beta of 1.41. The company’s fifty day moving average price is $61.81 and its 200 day moving average price is $55.02.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $44.60 billion. During the same quarter last year, the firm posted $2.96 EPS. The company’s revenue was down .3% on a year-over-year basis. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, analysts expect that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently announced 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. 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 (DPR) is presently 12.07%.

Insider Transactions at General Motors

In other news, CAO Christopher Hatto sold 15,697 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $70.00, for a total transaction of $1,098,790.00. Following the sale, the chief accounting officer directly owned 12,007 shares in the company, valued at approximately $840,490. The trade was a 56.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mary T. Barra sold 753,720 shares of the business’s stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $59.95, for a total transaction of $45,185,514.00. Following the completion of the sale, the chief executive officer directly owned 433,527 shares in the company, valued at $25,989,943.65. This trade represents a 63.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,290,340 shares of company stock worth $137,493,952 over the last quarter. 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.