Ninety One UK Ltd Acquires 564,247 Shares of General Motors Company $GM

Ninety One UK Ltd raised its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 13.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,793,495 shares of the auto manufacturer’s stock after purchasing an additional 564,247 shares during the period. Ninety One UK Ltd’s holdings in General Motors were worth $235,888,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Cassia Capital Partners LLC boosted its holdings in General Motors by 63.0% in the 1st quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer’s stock valued at $879,000 after purchasing an additional 7,221 shares during the period. Mirova lifted its holdings in shares of General Motors by 4.1% during the 1st quarter. Mirova now owns 133,969 shares of the auto manufacturer’s stock worth $6,301,000 after acquiring an additional 5,293 shares during the period. AustralianSuper Pty Ltd lifted its holdings in shares of General Motors by 38.9% during the 1st quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer’s stock worth $287,428,000 after acquiring an additional 1,712,033 shares during the period. Sowell Financial Services LLC bought a new stake in shares of General Motors during the 1st quarter worth approximately $312,000. Finally, Boston Partners bought a new stake in shares of General Motors during the 1st quarter worth approximately $719,000. Institutional investors own 92.67% of the company’s stock.

General Motors Price Performance

GM stock opened at $60.92 on Wednesday. The company has a 50 day simple moving average of $56.78 and a 200 day simple moving average of $51.32. The stock has a market cap of $58.00 billion, a price-to-earnings ratio of 9.67, a P/E/G ratio of 1.29 and a beta of 1.32. General Motors Company has a 1 year low of $41.60 and a 1 year high of $62.14. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05.

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

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, September 5th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, September 5th. General Motors’s dividend payout ratio is 9.52%.

Insider Buying and Selling at General Motors

In other General Motors news, CEO Mary T. Barra sold 907,024 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $58.24, for a total value of $52,825,077.76. Following the completion of the transaction, the chief executive officer directly owned 552,238 shares in the company, valued at approximately $32,162,341.12. This represents a 62.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Mark L. Reuss sold 136,161 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were 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 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. In the last quarter, insiders have sold 2,074,824 shares of company stock valued at $122,377,213. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

GM has been the subject of a number of recent analyst reports. Citigroup upped their price target on shares of General Motors from $61.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Bank of America cut their price target 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. Industrial Alliance Securities set a $70.00 price target on shares of General Motors in a report on Friday, July 11th. Wedbush upped their price target on shares of General Motors from $55.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, August 19th. Finally, Barclays upgraded shares of General Motors from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $55.00 to $73.00 in a research report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.16.

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.