15,138 Shares in General Motors Company $GM Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,138 shares of the auto manufacturer’s stock, valued at approximately $1,167,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Franklin Resources Inc. lifted its holdings in shares of General Motors by 2.7% in the 4th quarter. Franklin Resources Inc. now owns 32,158,403 shares of the auto manufacturer’s stock valued at $2,615,121,000 after buying an additional 835,645 shares during the period. Geode Capital Management LLC boosted its position in shares of General Motors by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 22,242,381 shares of the auto manufacturer’s stock worth $1,802,668,000 after buying an additional 267,477 shares in the last quarter. Capital World Investors boosted its position in shares of General Motors by 7.8% in the 4th quarter. Capital World Investors now owns 19,536,049 shares of the auto manufacturer’s stock worth $1,588,688,000 after buying an additional 1,405,530 shares in the last quarter. AQR Capital Management LLC grew its stake in General Motors by 5.5% in the 3rd quarter. AQR Capital Management LLC now owns 14,252,689 shares of the auto manufacturer’s stock valued at $868,986,000 after acquiring an additional 748,831 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in General Motors by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,225,518 shares of the auto manufacturer’s stock valued at $1,059,668,000 after acquiring an additional 77,100 shares in the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Stock Performance

Shares of GM opened at $84.45 on Tuesday. General Motors Company has a 1 year low of $54.33 and a 1 year high of $91.85. The company’s 50 day simple moving average is $81.67 and its 200 day simple moving average is $79.52. The company has a market capitalization of $74.10 billion, a price-to-earnings ratio of 42.65, a PEG ratio of 0.40 and a beta of 1.30. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.97 and a current ratio of 1.14.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 EPS for the quarter, topping the consensus estimate of $3.19 by $0.38. The firm had revenue of $48.03 billion during the quarter, compared to analysts’ expectations of $47.01 billion. General Motors had a net margin of 1.05% and a return on equity of 18.18%. General Motors’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. On average, sell-side analysts predict that General Motors Company will post 13.29 EPS for the current year.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. General Motors’s payout ratio is currently 36.36%.

Insiders Place Their Bets

In related news, CEO Mary T. Barra sold 318,448 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $90.38, for a total value of $28,781,330.24. Following the completion of the transaction, the chief executive officer directly owned 428,994 shares in the company, valued at approximately $38,772,477.72. This represents a 42.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 8,882 shares of the stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $86.95, for a total value of $772,289.90. Following the transaction, the executive vice president owned 28,513 shares in the company, valued at $2,479,205.35. This trade represents a 23.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 1,247,053 shares of company stock valued at $106,763,425. 0.44% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GM. Piper Sandler reiterated an “overweight” rating and issued a $102.00 price target on shares of General Motors in a research report on Wednesday, April 29th. TD Cowen increased their target price on General Motors from $126.00 to $132.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Wall Street Zen raised General Motors from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Citigroup upped their price objective on General Motors from $108.00 to $131.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Finally, UBS Group reaffirmed a “buy” rating on shares of General Motors in a research note on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, General Motors presently has an average rating of “Moderate Buy” and an average price target of $101.41.

General Motors Company Profile

General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.