Olympiad Research LP Has $599,000 Stock Holdings in General Motors Company $GM

Olympiad Research LP boosted its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 14.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 12,177 shares of the auto manufacturer’s stock after buying an additional 1,516 shares during the period. General Motors accounts for about 1.0% of Olympiad Research LP’s investment portfolio, making the stock its 11th largest holding. Olympiad Research LP’s holdings in General Motors were worth $599,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in General Motors by 456.1% during the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock valued at $2,062,000 after purchasing an additional 31,755 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in General Motors by 10.4% in the first quarter. Bleakley Financial Group LLC now owns 20,346 shares of the auto manufacturer’s stock worth $957,000 after purchasing an additional 1,912 shares in the last quarter. Signaturefd LLC grew its holdings in shares of General Motors by 13.5% during the first quarter. Signaturefd LLC now owns 21,042 shares of the auto manufacturer’s stock worth $990,000 after purchasing an additional 2,504 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of General Motors by 112.1% in the first quarter. Larson Financial Group LLC now owns 11,735 shares of the auto manufacturer’s stock valued at $552,000 after buying an additional 6,201 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of General Motors by 51.0% in the first quarter. Victory Capital Management Inc. now owns 3,148,956 shares of the auto manufacturer’s stock valued at $148,095,000 after buying an additional 1,063,606 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

General Motors Price Performance

GM opened at $71.86 on Friday. The company has a fifty day moving average price of $62.36 and a two-hundred day moving average price of $55.25. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.06 and a current ratio of 1.23. The firm has a market capitalization of $67.03 billion, a PE ratio of 14.46, a P/E/G ratio of 0.96 and a beta of 1.41. General Motors Company has a 52 week low of $41.60 and a 52 week high of $72.87.

General Motors (NYSE:GM) (TSE:GMM.U) last announced 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 business had revenue of $48.59 billion during the quarter, compared to analysts’ expectations of $44.60 billion. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.96 earnings per share. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, analysts anticipate that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Friday, December 5th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.8%. General Motors’s dividend payout ratio is 12.07%.

Insider Activity

In related news, CEO Mary T. Barra sold 753,720 shares of General Motors stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $59.95, for a total transaction of $45,185,514.00. Following the transaction, the chief executive officer owned 433,527 shares of the company’s stock, valued at $25,989,943.65. This trade represents a 63.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rory Harvey sold 6,600 shares of the business’s stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $61.95, for a total transaction of $408,870.00. Following the transaction, the executive vice president owned 8,513 shares of the company’s stock, valued at approximately $527,380.35. This represents a 43.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 2,298,064 shares of company stock valued at $138,050,080. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. TD Cowen increased their price objective on shares of General Motors from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Benchmark reissued a “buy” rating on shares of General Motors in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. raised their price target on shares of General Motors from $60.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, September 30th. Wedbush set a $75.00 price objective on General Motors and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Finally, Royal Bank Of Canada lifted their target price on General Motors from $77.00 to $86.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, General Motors has an average rating of “Moderate Buy” and an average price target of $70.00.

About General Motors

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.