American Century Companies Inc. Raises Stock Holdings in General Motors Company $GM

American Century Companies Inc. boosted its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 19.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,466,837 shares of the auto manufacturer’s stock after purchasing an additional 399,959 shares during the quarter. American Century Companies Inc. owned about 0.26% of General Motors worth $121,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of General Motors by 11.5% in the 2nd quarter. Vanguard Group Inc. now owns 110,759,703 shares of the auto manufacturer’s stock valued at $5,450,485,000 after buying an additional 11,418,367 shares in the last quarter. AQR Capital Management LLC lifted its position in General Motors by 146.8% during the first quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer’s stock valued at $629,196,000 after acquiring an additional 8,012,743 shares during the last quarter. Nuveen LLC purchased a new stake in General Motors during the first quarter valued at approximately $175,889,000. Kingstone Capital Partners Texas LLC acquired a new stake in General Motors in the second quarter valued at approximately $125,583,000. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in General Motors by 17.5% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 12,822,632 shares of the auto manufacturer’s stock worth $603,048,000 after purchasing an additional 1,910,186 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GM. Argus set a $78.00 price objective on General Motors in a report on Thursday, October 23rd. TD Cowen upped their target price on General Motors from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings downgraded General Motors from a “buy (b-)” rating to a “hold (c)” rating in a report on Saturday, October 25th. Benchmark restated a “buy” rating on shares of General Motors in a research note on Wednesday, October 22nd. Finally, Wedbush set a $75.00 price objective on shares of General Motors and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $70.27.

Insider Buying and Selling at General Motors

In other General Motors news, CEO Mary T. Barra sold 907,024 shares of the company’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 owned 552,238 shares in the company, valued at approximately $32,162,341.12. This represents a 62.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Christopher Hatto sold 23,400 shares of General Motors stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $61.01, for a total transaction of $1,427,634.00. Following the transaction, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at approximately $732,547.07. This trade represents a 66.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 2,298,064 shares of company stock valued at $138,050,080. 0.54% of the stock is owned by company insiders.

General Motors Trading Up 0.9%

NYSE GM opened at $70.99 on Tuesday. General Motors Company has a 1 year low of $41.60 and a 1 year high of $72.87. 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 $66.22 billion, a PE ratio of 14.28, a P/E/G ratio of 0.96 and a beta of 1.41. The company has a fifty day moving average of $63.89 and a 200 day moving average of $56.53.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $44.60 billion. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the firm earned $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Research analysts forecast that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, December 5th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, December 5th. General Motors’s dividend payout ratio (DPR) 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.