B. Metzler seel. Sohn & Co. AG Lowers Stock Holdings in General Motors Company $GM

B. Metzler seel. Sohn & Co. AG reduced its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 34.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 38,685 shares of the auto manufacturer’s stock after selling 20,503 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in General Motors were worth $1,819,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Measured Risk Portfolios Inc. purchased a new position in shares of General Motors in the 4th quarter valued at approximately $27,000. Costello Asset Management INC acquired a new position in General Motors during the first quarter worth $32,000. North Capital Inc. acquired a new position in General Motors during the first quarter worth $40,000. SouthState Corp raised its holdings in General Motors by 914.4% during the first quarter. SouthState Corp now owns 984 shares of the auto manufacturer’s stock worth $46,000 after purchasing an additional 887 shares during the last quarter. Finally, Princeton Global Asset Management LLC raised its holdings in General Motors by 141.0% during the first quarter. Princeton Global Asset Management LLC now owns 1,070 shares of the auto manufacturer’s stock worth $50,000 after purchasing an additional 626 shares during the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Bank of America dropped their price target on General Motors from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. 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. BNP Paribas upgraded General Motors to a “strong-buy” rating in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. boosted their price target on General Motors from $56.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, General Motors currently has an average rating of “Hold” and a consensus price target of $58.05.

General Motors Stock Up 0.3%

Shares of GM stock opened at $58.64 on Friday. General Motors Company has a 1 year low of $41.60 and a 1 year high of $61.24. The stock has a market cap of $55.83 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 1.23 and a beta of 1.36. The business’s fifty day moving average is $53.53 and its 200-day moving average is $49.58. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22.

General Motors (NYSE:GM) (TSE:GMM.U) last issued 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. The company had revenue of $47.12 billion for the quarter, compared to analysts’ expectations of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the firm earned $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Equities analysts expect that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, September 5th. General Motors’s payout ratio is presently 9.52%.

Insider Buying and Selling

In other news, EVP Rory Harvey sold 23,977 shares of the firm’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total value of $1,271,020.77. Following the completion of the sale, the executive vice president owned 8,513 shares of the company’s stock, valued at $451,274.13. This trade represents a 73.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Christopher Hatto sold 36,804 shares of the firm’s 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 sale, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at approximately $661,585.70. This trade represents a 75.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,070,311 shares of company stock worth $62,095,433 in the last three months. 0.54% of the stock is currently owned by insiders.

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.