Ethic Inc. Has $3.74 Million Stake in General Motors Company $GM

Ethic Inc. grew its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 4.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,309 shares of the auto manufacturer’s stock after buying an additional 3,499 shares during the quarter. Ethic Inc.’s holdings in General Motors were worth $3,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in GM. Trust Co. of Toledo NA OH acquired a new stake in shares of General Motors during the 2nd quarter valued at about $25,000. GFG Capital LLC bought a new position in shares of General Motors in the 2nd quarter valued at approximately $27,000. Costello Asset Management INC bought a new position in shares of General Motors in the 1st quarter valued at approximately $32,000. RMG Wealth Management LLC bought a new position in shares of General Motors in the 2nd quarter valued at approximately $32,000. Finally, WPG Advisers LLC bought a new position in shares of General Motors in the 1st quarter valued at approximately $34,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on GM shares. Jefferies Financial Group raised their price objective on General Motors from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Monday, October 6th. Wedbush set a $75.00 price objective on General Motors and gave the company an “outperform” rating in a research note on Tuesday. Bank of America cut their price objective on General Motors from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Cowen reissued a “buy” rating on shares of General Motors in a research note on Tuesday. Finally, TD Cowen raised their price objective on General Motors from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, General Motors currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.95.

General Motors Stock Down 0.7%

Shares of GM stock opened at $66.82 on Friday. General Motors Company has a 12 month low of $41.60 and a 12 month high of $68.48. The firm has a market cap of $62.33 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33. The stock has a 50 day moving average of $58.81 and a 200-day moving average of $52.61. The company has a quick ratio of 1.05, a current ratio of 1.23 and a debt-to-equity ratio of 1.40.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.48. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The company had revenue of $48.59 billion during the quarter, compared to analyst estimates of $44.60 billion. During the same period in the previous year, the company earned $2.96 earnings per share. The company’s quarterly 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 predict that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

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

Insider Transactions at General Motors

In other news, EVP Rory Harvey sold 6,600 shares of the business’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 sale, the executive vice president directly owned 8,513 shares in the company, valued at approximately $527,380.35. The trade was a 43.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Christopher Hatto sold 23,400 shares of the business’s stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $61.01, for a total value of $1,427,634.00. Following the sale, the chief accounting officer owned 12,007 shares in the company, valued at approximately $732,547.07. This represents a 66.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,074,824 shares of company stock valued at $122,377,213. Company insiders own 0.54% of the company’s stock.

General Motors 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.