Deprince Race & Zollo Inc. Has $21.32 Million Holdings in General Motors Company $GM

Deprince Race & Zollo Inc. lessened its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 21.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 349,678 shares of the auto manufacturer’s stock after selling 98,014 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in General Motors were worth $21,320,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of General Motors by 456.1% in the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock valued at $2,062,000 after acquiring an additional 31,755 shares during the period. Jump Financial LLC raised its holdings in General Motors by 27.4% in the first quarter. Jump Financial LLC now owns 17,415 shares of the auto manufacturer’s stock worth $819,000 after purchasing an additional 3,743 shares during the period. State of Wyoming bought a new position in shares of General Motors during the first quarter worth $184,000. WPG Advisers LLC acquired a new position in shares of General Motors in the 1st quarter valued at $34,000. Finally, Canada Pension Plan Investment Board grew its holdings in shares of General Motors by 50.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,609,851 shares of the auto manufacturer’s stock valued at $122,741,000 after buying an additional 877,362 shares during the period. Institutional investors own 92.67% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on GM shares. Citigroup raised 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. Wall Street Zen upgraded General Motors from a “hold” rating to a “buy” rating in a report on Saturday. Tigress Financial boosted their price objective on General Motors from $88.00 to $92.00 and gave the company a “strong-buy” rating in a research report on Friday, October 24th. Barclays raised their target price on shares of General Motors from $77.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Finally, Zacks Research upgraded shares of General Motors from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $75.76.

Insider Transactions at General Motors

In related news, President Mark L. Reuss sold 260,600 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the sale, the president owned 98,006 shares in the company, valued at approximately $6,512,498.70. This represents a 72.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Christopher Hatto sold 7,724 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $72.00, for a total value of $556,128.00. Following the transaction, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at $864,504. This trade represents a 39.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 284,021 shares of company stock worth $18,971,788. 0.54% of the stock is owned by company insiders.

General Motors Trading Up 0.2%

NYSE:GM opened at $83.04 on Friday. The company has a market cap of $77.46 billion, a P/E ratio of 16.71, a price-to-earnings-growth ratio of 0.75 and a beta of 1.30. General Motors Company has a twelve month low of $41.60 and a twelve month high of $83.68. The business has a 50 day moving average price of $73.39 and a two-hundred day moving average price of $61.42. 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 announced its quarterly earnings data on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS 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 business had revenue of $48.59 billion for the quarter, compared to analyst estimates of $44.60 billion. During the same quarter in the previous year, the firm posted $2.96 earnings per share. The firm’s revenue for the quarter was down .3% on a year-over-year basis. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, analysts expect that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Friday, December 5th were issued a $0.15 dividend. The ex-dividend date was Friday, December 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.7%. General Motors’s dividend payout ratio (DPR) is presently 12.07%.

About General Motors

General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.