ABC Arbitrage SA Decreases Stock Holdings in General Motors Company $GM

ABC Arbitrage SA lowered its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 83.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 8,411 shares of the auto manufacturer’s stock after selling 41,707 shares during the period. ABC Arbitrage SA’s holdings in General Motors were worth $414,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in GM. Brighton Jones LLC grew its position in General Motors by 456.1% in the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock worth $2,062,000 after purchasing an additional 31,755 shares during the period. Schechter Investment Advisors LLC boosted its stake in shares of General Motors by 12.1% in the 1st quarter. Schechter Investment Advisors LLC now owns 6,531 shares of the auto manufacturer’s stock worth $307,000 after buying an additional 705 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in shares of General Motors by 10.4% in the first quarter. Bleakley Financial Group LLC now owns 20,346 shares of the auto manufacturer’s stock worth $957,000 after acquiring an additional 1,912 shares during the period. Signaturefd LLC increased its position in General Motors by 13.5% during the first quarter. Signaturefd LLC now owns 21,042 shares of the auto manufacturer’s stock valued at $990,000 after acquiring an additional 2,504 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in General Motors by 112.1% in the first quarter. Larson Financial Group LLC now owns 11,735 shares of the auto manufacturer’s stock valued at $552,000 after acquiring an additional 6,201 shares during the period. 92.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, President Mark L. Reuss sold 260,600 shares of the business’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $66.45, for a total value of $17,316,870.00. Following the transaction, the president owned 98,006 shares of the company’s stock, valued at approximately $6,512,498.70. The trade was a 72.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Christopher Hatto sold 23,400 shares of the company’s stock in a transaction on 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 transaction, the chief accounting officer owned 12,007 shares of the company’s stock, valued at approximately $732,547.07. This represents a 66.09% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 2,290,340 shares of company stock valued at $137,493,952. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GM shares. Argus set a $78.00 price target on General Motors in a research note on Thursday, October 23rd. TD Cowen raised their price objective on shares of General Motors from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Jefferies Financial Group upped their target price on shares of General Motors from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, October 6th. Piper Sandler set a $66.00 price target on shares of General Motors and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Finally, Citigroup boosted their price objective on shares of General Motors from $75.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Three 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.00.

General Motors Stock Up 0.9%

Shares of GM stock opened at $71.86 on Thursday. 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 Company has a one year low of $41.60 and a one year high of $72.39. The company’s fifty day moving average price is $62.09 and its 200-day moving average price is $55.14. The company has a market capitalization of $67.04 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 0.96 and a beta of 1.41.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.48. The company had revenue of $48.59 billion during the quarter, compared to the consensus estimate of $44.60 billion. General Motors had a net margin of 1.62% and a return on equity of 12.29%. 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. Sell-side analysts expect that General Motors Company will post 11.44 EPS 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 paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, December 5th. General Motors’s dividend payout ratio (DPR) is 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.