Federated Hermes Inc. Sells 56,473 Shares of General Motors Company $GM

Federated Hermes Inc. trimmed its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 6.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 892,166 shares of the auto manufacturer’s stock after selling 56,473 shares during the period. Federated Hermes Inc. owned about 0.09% of General Motors worth $43,904,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jump Financial LLC increased its holdings in General Motors by 45.7% during the second quarter. Jump Financial LLC now owns 25,366 shares of the auto manufacturer’s stock worth $1,248,000 after buying an additional 7,951 shares during the last quarter. Avestar Capital LLC grew its position in shares of General Motors by 40.8% during the 2nd quarter. Avestar Capital LLC now owns 13,516 shares of the auto manufacturer’s stock valued at $665,000 after acquiring an additional 3,919 shares during the period. Marshall Wace LLP increased its stake in shares of General Motors by 125.9% during the 2nd quarter. Marshall Wace LLP now owns 3,699,220 shares of the auto manufacturer’s stock worth $182,039,000 after purchasing an additional 2,061,712 shares during the last quarter. Veltria Advisors Corp. raised its holdings in shares of General Motors by 11.3% in the 2nd quarter. Veltria Advisors Corp. now owns 7,342 shares of the auto manufacturer’s stock worth $361,000 after purchasing an additional 747 shares during the period. Finally, Baird Financial Group Inc. lifted its stake in General Motors by 4.8% in the second quarter. Baird Financial Group Inc. now owns 37,524 shares of the auto manufacturer’s stock valued at $1,847,000 after purchasing an additional 1,706 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GM has been the subject of a number of recent research reports. Evercore ISI raised their target price on General Motors from $68.00 to $74.00 and gave the stock an “outperform” rating in a research report on Monday, November 24th. Royal Bank Of Canada lifted their price objective on General Motors from $77.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. The Goldman Sachs Group restated a “buy” rating on shares of General Motors in a research note on Tuesday, October 21st. JPMorgan Chase & Co. increased their target price on shares of General Motors from $60.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 30th. Finally, Weiss Ratings lowered shares of General Motors from a “buy (b-)” rating to a “hold (c)” rating in a research report on Saturday, October 25th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, General Motors has a consensus rating of “Moderate Buy” and an average price target of $71.91.

General Motors Trading Down 0.4%

Shares of GM opened at $75.75 on Tuesday. General Motors Company has a twelve month low of $41.60 and a twelve month high of $77.00. The stock has a market cap of $70.66 billion, a PE ratio of 15.24, a P/E/G ratio of 0.87 and a beta of 1.30. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. The business’s 50-day moving average price is $66.78 and its 200-day moving average price is $58.24.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, beating 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 company had revenue of $48.59 billion during the quarter, compared to analyst estimates of $44.60 billion. During the same period last year, the business earned $2.96 earnings per share. General Motors’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. On average, equities analysts forecast that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, December 5th. General Motors’s dividend payout ratio (DPR) is 12.07%.

Insiders Place Their Bets

In related news, CEO Mary T. Barra sold 753,720 shares of General Motors stock in a transaction on Wednesday, September 24th. The stock was 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 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Christopher Hatto sold 7,724 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $72.00, for a total value of $556,128.00. Following the completion of the transaction, the chief accounting officer owned 12,007 shares in the company, valued at $864,504. This represents a 39.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,288,534 shares of company stock worth $79,253,568 over the last three months. Corporate insiders own 0.54% of the company’s stock.

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.