Caxton Associates LLP Sells 39,284 Shares of General Motors Company $GM

Caxton Associates LLP lowered its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 24.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,280 shares of the auto manufacturer’s stock after selling 39,284 shares during the period. Caxton Associates LLP’s holdings in General Motors were worth $5,870,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of GM. Sowell Financial Services LLC raised its position in shares of General Motors by 2.9% during the 2nd quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer’s stock valued at $336,000 after buying an additional 195 shares in the last quarter. Mayflower Financial Advisors LLC raised its holdings in General Motors by 4.1% during the 2nd quarter. Mayflower Financial Advisors LLC now owns 5,163 shares of the auto manufacturer’s stock valued at $254,000 after buying an additional 205 shares during the last quarter. Certuity LLC boosted its holdings in shares of General Motors by 3.6% during the second quarter. Certuity LLC now owns 6,043 shares of the auto manufacturer’s stock worth $297,000 after purchasing an additional 209 shares during the period. ICONIQ Capital LLC lifted its holdings in General Motors by 4.2% in the 1st quarter. ICONIQ Capital LLC now owns 5,434 shares of the auto manufacturer’s stock worth $256,000 after buying an additional 220 shares during the period. Finally, Private Trust Co. NA boosted its holdings in General Motors by 4.8% in the second quarter. Private Trust Co. NA now owns 5,519 shares of the auto manufacturer’s stock valued at $272,000 after acquiring an additional 253 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors.

General Motors Trading Up 0.0%

Shares of GM stock opened at $80.86 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $75.43 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 0.92 and a beta of 1.30. General Motors Company has a 12-month low of $41.60 and a 12-month high of $81.55. The stock’s 50-day moving average price is $68.33 and its 200-day moving average price is $59.05.

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. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The company had revenue of $48.59 billion for the quarter, compared to analysts’ expectations of $44.60 billion. During the same quarter in the previous year, the business posted $2.96 earnings per share. General Motors’s quarterly revenue was down .3% on a year-over-year basis. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Equities research analysts predict that General Motors Company will post 11.44 EPS for the current fiscal 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 issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, December 5th. General Motors’s dividend payout ratio is presently 12.07%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GM shares. TD Cowen increased their target price on General Motors from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Wells Fargo & Company increased their target price on General Motors from $46.00 to $48.00 and gave the company an “underweight” rating in a research note on Tuesday, December 9th. Wall Street Zen cut shares of General Motors from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Barclays increased their target price on General Motors from $77.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Finally, Benchmark restated a “buy” rating on shares of General Motors in a research note on Wednesday, October 22nd. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four 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 has an average rating of “Moderate Buy” and a consensus price target of $73.57.

Insider Activity

In other news, EVP Rory Harvey sold 6,600 shares of General Motors stock in a transaction on Friday, September 26th. The stock was sold at an average price of $61.95, for a total transaction of $408,870.00. Following the completion of the sale, the executive vice president directly owned 8,513 shares in the company, valued at approximately $527,380.35. This trade represents a 43.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mary T. Barra sold 753,720 shares of the business’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $59.95, for a total transaction of $45,185,514.00. Following the completion of the sale, the chief executive officer directly owned 433,527 shares of the company’s stock, valued at approximately $25,989,943.65. This trade represents a 63.48% decrease in their ownership of the stock. 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. 0.54% of the stock is currently owned by company insiders.

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.