General Motors Company $GM Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC raised its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 6.2% in the second quarter, Holdings Channel reports. The fund owned 341,426 shares of the auto manufacturer’s stock after buying an additional 20,017 shares during the period. Corient Private Wealth LLC’s holdings in General Motors were worth $16,802,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of GM. Vanguard Group Inc. increased its holdings in General Motors by 11.5% in 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 buying an additional 11,418,367 shares during the last quarter. AQR Capital Management LLC boosted its position 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 acquiring an additional 8,012,743 shares in the last quarter. Viking Global Investors LP increased its holdings in shares of 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 acquiring an additional 5,830,050 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of General Motors by 17.5% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 12,822,632 shares of the auto manufacturer’s stock worth $603,048,000 after acquiring an additional 1,910,186 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in General Motors by 0.5% during the second quarter. Legal & General Group Plc now owns 10,143,779 shares of the auto manufacturer’s stock worth $499,175,000 after purchasing an additional 54,853 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GM. Citigroup increased their price target on shares of General Motors from $75.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Piper Sandler set a $66.00 target price on shares of General Motors and gave the company a “neutral” rating in a research report on Tuesday, October 21st. Benchmark reiterated a “buy” rating on shares of General Motors in a research note on Wednesday, October 22nd. Royal Bank Of Canada upped their price objective on shares of General Motors from $77.00 to $86.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Finally, Barclays lifted their target price on General Motors from $77.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. 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. According to MarketBeat, General Motors presently has a consensus rating of “Moderate Buy” and an average price target of $74.81.

General Motors Trading Down 1.5%

Shares of General Motors stock opened at $80.51 on Thursday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.06 and a current ratio of 1.23. The company has a market capitalization of $75.10 billion, a P/E ratio of 16.20, a PEG ratio of 0.74 and a beta of 1.30. General Motors Company has a 1 year low of $41.60 and a 1 year high of $83.04. The company’s fifty day moving average is $69.78 and its two-hundred day moving average is $59.73.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results 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 business had revenue of $48.59 billion during the quarter, compared to analysts’ expectations of $44.60 billion. During the same period in the prior 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. Analysts forecast that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

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

Insider Buying and Selling

In other news, EVP Rory Harvey sold 6,600 shares of the company’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 transaction of $408,870.00. Following the completion of the sale, the executive vice president owned 8,513 shares in the company, valued at $527,380.35. This 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 is available through this link. Also, President Mark L. Reuss sold 260,600 shares of the stock in a transaction 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 sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,254,589 shares of company stock worth $77,219,450. 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.