Investors Purchase High Volume of General Motors Call Options (NYSE:GM)

General Motors Company (NYSE:GM) (TSE:GMM.U) saw some unusual options trading activity on Thursday. Investors acquired 58,263 call options on the company. This represents an increase of approximately 77% compared to the average volume of 32,962 call options.

Insider Transactions at General Motors

In other General Motors news, EVP Rory Harvey sold 6,600 shares of the business’s stock in a transaction that occurred on Friday, September 26th. The shares were 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 $527,380.35. The trade was a 43.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mary T. Barra sold 753,720 shares of the company’s 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 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 have sold a total of 1,288,534 shares of company stock worth $79,253,568 over the last ninety days. 0.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GM. Vanguard Group Inc. raised its holdings in General Motors by 11.5% in the 2nd quarter. Vanguard Group Inc. now owns 110,759,703 shares of the auto manufacturer’s stock worth $5,450,485,000 after acquiring an additional 11,418,367 shares during the period. Franklin Resources Inc. lifted its stake in General Motors by 3.3% during the third quarter. Franklin Resources Inc. now owns 31,322,758 shares of the auto manufacturer’s stock worth $1,909,748,000 after purchasing an additional 989,189 shares during the period. Capital World Investors boosted its stake in General Motors by 8.2% in the 3rd quarter. Capital World Investors now owns 18,130,519 shares of the auto manufacturer’s stock valued at $1,105,420,000 after buying an additional 1,366,467 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of General Motors by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,383,079 shares of the auto manufacturer’s stock valued at $676,322,000 after purchasing an additional 316,196 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in General Motors by 5.5% in the third quarter. AQR Capital Management LLC now owns 14,252,689 shares of the auto manufacturer’s stock valued at $868,986,000 after buying an additional 748,831 shares in the last quarter. 92.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GM has been the subject of a number of analyst reports. Barclays raised their price objective on General Motors from $77.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Wells Fargo & Company boosted their price objective on shares of General Motors from $40.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday, October 22nd. Zacks Research raised General Motors from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Argus set a $78.00 price target on shares of General Motors in a research note on Thursday, October 23rd. Finally, Tigress Financial lifted their price objective on shares of General Motors from $88.00 to $92.00 and gave the company a “strong-buy” rating in a research note on Friday, October 24th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.27.

General Motors Trading Up 1.0%

General Motors stock opened at $76.06 on Friday. 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 has a 12 month low of $41.60 and a 12 month high of $77.00. The company’s fifty day simple moving average is $66.48 and its 200-day simple moving average is $57.94. The stock has a market cap of $70.95 billion, a P/E ratio of 15.30, a P/E/G ratio of 0.86 and a beta of 1.30.

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 (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.48. The business had revenue of $48.59 billion during the quarter, compared to analyst estimates of $44.60 billion. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The firm’s revenue was down .3% on a year-over-year basis. During the same period in the previous year, the company earned $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, sell-side analysts forecast that General Motors will post 11.44 EPS for the current fiscal 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 issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, December 5th. General Motors’s dividend payout ratio (DPR) is 12.07%.

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.