Arrowstreet Capital Limited Partnership Lowers Position in General Motors Company $GM

Arrowstreet Capital Limited Partnership trimmed its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 50.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,716,008 shares of the auto manufacturer’s stock after selling 4,745,608 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.50% of General Motors worth $232,075,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GM. Mirova grew its position in shares of General Motors by 4.1% during the first quarter. Mirova now owns 133,969 shares of the auto manufacturer’s stock valued at $6,301,000 after purchasing an additional 5,293 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in General Motors by 6.3% during the 2nd quarter. Capital Investment Advisors LLC now owns 8,811 shares of the auto manufacturer’s stock valued at $434,000 after purchasing an additional 526 shares during the last quarter. Boston Partners purchased a new position in General Motors during the 1st quarter valued at $719,000. Ieq Capital LLC increased its stake in General Motors by 233.7% in the 1st quarter. Ieq Capital LLC now owns 507,213 shares of the auto manufacturer’s stock worth $23,854,000 after buying an additional 355,235 shares during the period. Finally, Paloma Partners Management Co purchased a new stake in shares of General Motors in the first quarter valued at approximately $1,764,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Insider Activity at General Motors

In related news, CEO Mary T. Barra sold 753,720 shares of the company’s stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $59.95, for a total value of $45,185,514.00. Following the completion of the sale, the chief executive officer owned 433,527 shares in the company, valued at $25,989,943.65. This represents a 63.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Mark L. Reuss sold 260,600 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total value of $17,316,870.00. Following the transaction, the president directly owned 98,006 shares in the company, valued at approximately $6,512,498.70. This represents a 72.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,288,534 shares of company stock worth $79,253,568. Insiders own 0.54% of the company’s stock.

General Motors Stock Performance

NYSE:GM opened at $73.62 on Wednesday. The company has a fifty day simple moving average of $65.60 and a two-hundred day simple moving average of $57.52. The company has a market cap of $68.67 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 0.83 and a beta of 1.30. General Motors Company has a 52 week low of $41.60 and a 52 week high of $73.93. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 1.40.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS 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 analysts’ expectations of $44.60 billion. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The firm’s revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, equities analysts anticipate that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, December 5th will be issued 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 yield of 0.8%. General Motors’s dividend payout ratio (DPR) is presently 12.07%.

Analyst Ratings Changes

GM has been the topic of several recent research reports. Royal Bank Of Canada increased their target price on General Motors from $77.00 to $86.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Benchmark reaffirmed a “buy” rating on shares of General Motors in a report on Wednesday, October 22nd. JPMorgan Chase & Co. raised their target price on General Motors from $60.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, September 30th. TD Cowen lifted their target price 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. Finally, UBS Group upped their target price on shares of General Motors from $81.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, General Motors currently has an average rating of “Moderate Buy” and an average target price of $70.27.

General Motors 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.