General Motors Company $GM Shares Sold by Groupe la Francaise

Groupe la Francaise reduced its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 65.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 7,223 shares of the auto manufacturer’s stock after selling 13,846 shares during the period. Groupe la Francaise’s holdings in General Motors were worth $371,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of GM. Quantbot Technologies LP grew its holdings in General Motors by 173.1% during the second quarter. Quantbot Technologies LP now owns 305,777 shares of the auto manufacturer’s stock worth $15,047,000 after acquiring an additional 193,808 shares during the period. Edgestream Partners L.P. purchased a new stake in General Motors in the 2nd quarter worth approximately $1,249,000. Shelton Capital Management grew its stake in shares of General Motors by 87.8% during the 2nd quarter. Shelton Capital Management now owns 155,136 shares of the auto manufacturer’s stock worth $7,634,000 after purchasing an additional 72,519 shares during the period. Panagora Asset Management Inc. increased its holdings in shares of General Motors by 11.3% during the 2nd quarter. Panagora Asset Management Inc. now owns 809,146 shares of the auto manufacturer’s stock valued at $39,818,000 after purchasing an additional 82,210 shares in the last quarter. Finally, Lido Advisors LLC lifted its stake in shares of General Motors by 31.0% in the 2nd quarter. Lido Advisors LLC now owns 49,028 shares of the auto manufacturer’s stock valued at $2,413,000 after purchasing an additional 11,612 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Price Performance

NYSE:GM opened at $75.26 on Friday. The stock has a 50 day moving average of $66.19 and a two-hundred day moving average of $57.76. General Motors Company has a 12 month low of $41.60 and a 12 month high of $76.23. The firm has a market cap of $70.21 billion, a P/E ratio of 15.14, a price-to-earnings-growth ratio of 0.85 and a beta of 1.30. The company has a current ratio of 1.23, a quick ratio of 1.06 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 earnings per share (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 firm had revenue of $48.59 billion for the quarter, compared to analyst estimates of $44.60 billion. During the same period in the previous year, the company posted $2.96 earnings per share. The business’s revenue was down .3% on a year-over-year basis. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. On average, analysts expect that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, December 5th will be given 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 presently 12.07%.

Analyst Upgrades and Downgrades

GM has been the topic of several analyst reports. Piper Sandler set a $66.00 price target on shares of General Motors and gave the company a “neutral” rating in a research report on Tuesday, October 21st. JPMorgan Chase & Co. increased their target price on shares of General Motors from $60.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 30th. Citigroup lifted their price target on General Motors from $75.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Wells Fargo & Company increased their price target on General Motors from $40.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 22nd. Finally, Barclays raised their price objective on General Motors from $77.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.27.

Insider Activity

In other news, EVP Rory Harvey sold 6,600 shares of the firm’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 owned 8,513 shares in the company, valued at $527,380.35. This trade represents a 43.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Mark L. Reuss sold 260,600 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the completion of the transaction, the president directly owned 98,006 shares in the company, valued at $6,512,498.70. The trade was a 72.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,288,534 shares of company stock valued at $79,253,568 over the last three months. 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.