Aberdeen Group plc Has $95.42 Million Stock Holdings in General Motors Company $GM

Aberdeen Group plc boosted its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 6.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,939,050 shares of the auto manufacturer’s stock after buying an additional 124,242 shares during the period. Aberdeen Group plc owned approximately 0.20% of General Motors worth $95,421,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. PDS Planning Inc acquired a new position in General Motors during the second quarter worth $210,000. Blue Trust Inc. raised its holdings in General Motors by 21.9% during the second quarter. Blue Trust Inc. now owns 3,012 shares of the auto manufacturer’s stock worth $148,000 after buying an additional 541 shares during the last quarter. Thompson Investment Management Inc. raised its holdings in General Motors by 5,720.0% during the second quarter. Thompson Investment Management Inc. now owns 1,164 shares of the auto manufacturer’s stock worth $57,000 after buying an additional 1,144 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of General Motors by 9.6% in the second quarter. IFP Advisors Inc now owns 20,136 shares of the auto manufacturer’s stock valued at $991,000 after purchasing an additional 1,756 shares during the last quarter. Finally, Callan Family Office LLC raised its holdings in shares of General Motors by 138.5% in the second quarter. Callan Family Office LLC now owns 27,452 shares of the auto manufacturer’s stock valued at $1,351,000 after purchasing an additional 15,942 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Insider Buying and Selling at General Motors

In related news, EVP Rory Harvey sold 23,977 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the sale, the executive vice president directly owned 8,513 shares in the company, valued at approximately $451,274.13. This represents a 73.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Mark L. Reuss sold 136,161 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $60.12, for a total transaction of $8,185,999.32. Following the completion of the transaction, the president directly owned 131,036 shares of the company’s stock, valued at approximately $7,877,884.32. This trade represents a 50.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,074,824 shares of company stock worth $122,377,213 over the last three months. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GM shares. The Goldman Sachs Group increased their target price on shares of General Motors from $70.00 to $74.00 and gave the company a “buy” rating in a report on Monday, September 29th. Bank of America lowered their target price on shares of General Motors from $65.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. UBS Group upgraded shares of General Motors from a “neutral” rating to a “buy” rating and increased their target price for the company from $56.00 to $81.00 in a report on Wednesday, September 24th. Wedbush increased their target price on shares of General Motors from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, August 19th. Finally, Barclays increased their target price on shares of General Motors from $73.00 to $77.00 and gave the company an “overweight” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.84.

General Motors Price Performance

GM opened at $55.36 on Friday. The firm has a market cap of $52.70 billion, a P/E ratio of 8.79, a PEG ratio of 1.17 and a beta of 1.33. The firm has a 50-day moving average of $57.61 and a 200 day moving average of $51.75. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $62.14.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.01. The company had revenue of $47.12 billion during the quarter, compared to analyst estimates of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.06 earnings per share. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, research analysts expect that General Motors Company will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, September 5th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, September 5th. General Motors’s dividend payout ratio (DPR) is currently 9.52%.

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.