Amundi Sells 107,301 Shares of General Motors Company $GM

Amundi lowered its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 2.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,163,946 shares of the auto manufacturer’s stock after selling 107,301 shares during the period. Amundi owned approximately 0.44% of General Motors worth $219,357,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in GM. Vanguard Group Inc. boosted its position in General Motors by 11.5% during the second quarter. Vanguard Group Inc. now owns 110,759,703 shares of the auto manufacturer’s stock worth $5,450,485,000 after purchasing an additional 11,418,367 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of General Motors by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 14,383,079 shares of the auto manufacturer’s stock worth $676,322,000 after buying an additional 316,196 shares during the last quarter. Invesco Ltd. lifted its stake in shares of General Motors by 4.5% in the first quarter. Invesco Ltd. now owns 13,746,152 shares of the auto manufacturer’s stock worth $646,482,000 after buying an additional 594,217 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of General Motors by 146.8% during the 1st quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer’s stock worth $629,196,000 after buying an additional 8,012,743 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in General Motors by 17.5% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 12,822,632 shares of the auto manufacturer’s stock valued at $603,048,000 after buying an additional 1,910,186 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Buying and Selling at General Motors

In other news, President Mark L. Reuss sold 260,600 shares of the stock in a transaction that occurred on 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 completion of the transaction, the president directly owned 98,006 shares of the company’s stock, valued at approximately $6,512,498.70. This represents a 72.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Rory Harvey sold 6,600 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $61.95, for a total value of $408,870.00. Following the transaction, the executive vice president owned 8,513 shares of the company’s stock, valued at $527,380.35. This trade represents a 43.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,288,534 shares of company stock worth $79,253,568 in the last three months. 0.54% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Zacks Research raised shares of General Motors from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Citigroup lifted their price objective on General Motors from $75.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. JPMorgan Chase & Co. boosted their price objective on General Motors from $60.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 30th. Cowen reaffirmed a “buy” rating on shares of General Motors in a report on Tuesday, October 21st. Finally, Royal Bank Of Canada lifted their price target on General Motors from $77.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have issued a Hold rating and two have issued 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 an average target price of $70.27.

General Motors Stock Performance

Shares of NYSE GM opened at $76.06 on Friday. The firm has a market capitalization of $70.95 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 0.87 and a beta of 1.30. General Motors Company has a one year low of $41.60 and a one year high of $77.00. The business has a fifty day simple moving average of $66.48 and a 200 day simple moving average of $58.00. The company has a current ratio of 1.23, a quick ratio of 1.06 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 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.48. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The firm had revenue of $48.59 billion for the quarter, compared to the consensus estimate of $44.60 billion. During the same quarter in the previous year, the company earned $2.96 earnings per share. The business’s 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. Sell-side analysts expect that General Motors Company will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The firm 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 $0.15 dividend. 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 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.