General Motors Company $GM Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC raised its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,503,858 shares of the auto manufacturer’s stock after buying an additional 33,600 shares during the quarter. General Motors comprises about 0.5% of AQR Capital Management LLC’s investment portfolio, making the stock its 15th biggest position. AQR Capital Management LLC owned about 1.42% of General Motors worth $664,525,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of General Motors by 11.5% during the second quarter. Vanguard Group Inc. now owns 110,759,703 shares of the auto manufacturer’s stock valued at $5,450,485,000 after acquiring an additional 11,418,367 shares during the last quarter. Norges Bank acquired a new position in General Motors in the 2nd quarter valued at about $444,319,000. Viking Global Investors LP lifted its holdings in General Motors by 81.1% in the 2nd quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock valued at $640,659,000 after purchasing an additional 5,830,050 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of General Motors during the 2nd quarter worth about $125,583,000. Finally, Worldquant Millennium Advisors LLC grew its holdings in shares of General Motors by 436.8% during the second quarter. Worldquant Millennium Advisors LLC now owns 2,658,525 shares of the auto manufacturer’s stock worth $130,826,000 after buying an additional 2,163,274 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Barclays upped their price objective on shares of General Motors from $77.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Mizuho set a $76.00 price target on General Motors in a research note on Wednesday, October 22nd. Morgan Stanley upgraded General Motors from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $54.00 to $90.00 in a report on Monday. UBS Group upped their target price on General Motors from $81.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Finally, Wall Street Zen downgraded General Motors from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, General Motors has an average rating of “Moderate Buy” and an average price target of $73.57.

General Motors Stock Performance

NYSE GM opened at $80.86 on Friday. 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 1-year low of $41.60 and a 1-year high of $81.55. The firm has a market capitalization of $75.43 billion, a P/E ratio of 16.27, a P/E/G ratio of 0.92 and a beta of 1.30. The business’s 50-day simple moving average is $68.33 and its 200-day simple moving average is $58.98.

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, beating the consensus estimate of $2.32 by $0.48. The firm had revenue of $48.59 billion for the quarter, compared to analyst estimates of $44.60 billion. General Motors had a net margin of 1.62% and a return on equity of 12.29%. General Motors’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.96 earnings per share. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Equities analysts predict 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 dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, December 5th. General Motors’s dividend payout ratio is 12.07%.

Insider Buying and Selling at General Motors

In related news, CEO Mary T. Barra sold 753,720 shares of the stock in a transaction on Wednesday, September 24th. The stock was 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 directly owned 433,527 shares in the company, valued at approximately $25,989,943.65. This represents a 63.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rory Harvey sold 6,600 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $527,380.35. This represents a 43.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,254,589 shares of company stock valued at $77,219,450 in the last quarter. Company insiders own 0.54% of the company’s stock.

About General Motors

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.