General Motors Company $GM Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 4.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 142,396 shares of the auto manufacturer’s stock after acquiring an additional 5,699 shares during the period. Y Intercept Hong Kong Ltd’s holdings in General Motors were worth $7,007,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sowell Financial Services LLC lifted its position in General Motors by 2.9% during the 2nd quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer’s stock worth $336,000 after acquiring an additional 195 shares in the last quarter. ICONIQ Capital LLC lifted its position in General Motors by 4.2% during the 1st quarter. ICONIQ Capital LLC now owns 5,434 shares of the auto manufacturer’s stock worth $256,000 after acquiring an additional 220 shares in the last quarter. Hohimer Wealth Management LLC lifted its position in General Motors by 0.3% during the 1st quarter. Hohimer Wealth Management LLC now owns 70,377 shares of the auto manufacturer’s stock worth $3,310,000 after acquiring an additional 230 shares in the last quarter. HHM Wealth Advisors LLC lifted its position in General Motors by 14.4% during the 1st quarter. HHM Wealth Advisors LLC now owns 1,838 shares of the auto manufacturer’s stock worth $86,000 after acquiring an additional 232 shares in the last quarter. Finally, Aaron Wealth Advisors LLC lifted its position in General Motors by 3.6% during the 1st quarter. Aaron Wealth Advisors LLC now owns 6,709 shares of the auto manufacturer’s stock worth $316,000 after acquiring an additional 235 shares in the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, 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 completion of the transaction, the president 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. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Christopher Hatto sold 36,804 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $55.10, for a total value of $2,027,900.40. Following the completion of the transaction, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at approximately $661,585.70. The trade was a 75.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,335,424 shares of company stock valued at $139,694,083 in the last 90 days. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Weiss Ratings lowered General Motors from a “buy (b-)” rating to a “hold (c)” rating in a research report on Saturday. Wells Fargo & Company upped their target price on General Motors from $40.00 to $46.00 and gave the company an “underweight” rating in a research report on Wednesday, October 22nd. CLSA raised General Motors to a “moderate buy” rating in a research report on Monday, July 7th. Industrial Alliance Securities set a $70.00 target price on General Motors in a research report on Friday, July 11th. Finally, Wall Street Zen raised General Motors from a “hold” rating to a “buy” rating in a research report on Saturday. Two 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 given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.00.

General Motors Price Performance

Shares of GM opened at $69.36 on Tuesday. The company has a market cap of $64.70 billion, a P/E ratio of 13.95, a PEG ratio of 0.96 and a beta of 1.33. The stock has a fifty day moving average price of $59.34 and a 200 day moving average price of $53.08. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.06. General Motors Company has a 12 month low of $41.60 and a 12 month high of $69.70.

General Motors (NYSE:GM) (TSE:GMM.U) last issued 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. The firm had revenue of $48.59 billion during the quarter, compared to the consensus estimate 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 prior year, the business earned $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. On average, research analysts forecast that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, December 5th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, December 5th. General Motors’s dividend payout ratio is presently 12.07%.

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.