VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 957,012 General Motors Company $GM

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 957,012 shares of the auto manufacturer’s stock, valued at approximately $47,095,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GM. Cassia Capital Partners LLC lifted its position in shares of General Motors by 63.0% during the 1st quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer’s stock valued at $879,000 after acquiring an additional 7,221 shares during the last quarter. Mirova lifted its holdings in shares of General Motors by 4.1% during the first quarter. Mirova now owns 133,969 shares of the auto manufacturer’s stock valued at $6,301,000 after purchasing an additional 5,293 shares during the last quarter. Capital Investment Advisors LLC boosted its position in shares of General Motors by 6.3% in the 2nd quarter. Capital Investment Advisors LLC now owns 8,811 shares of the auto manufacturer’s stock valued at $434,000 after purchasing an additional 526 shares during the period. AustralianSuper Pty Ltd increased its stake in General Motors by 38.9% in the 1st quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer’s stock worth $287,428,000 after purchasing an additional 1,712,033 shares in the last quarter. Finally, Sowell Financial Services LLC acquired a new stake in General Motors during the 1st quarter worth about $312,000. 92.67% of the stock is currently owned by institutional investors.

General Motors Price Performance

NYSE GM opened at $58.40 on Friday. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $62.14. The stock’s 50-day moving average is $58.05 and its two-hundred day moving average is $52.10. The firm has a market cap of $55.60 billion, a P/E ratio of 9.27, a price-to-earnings-growth ratio of 1.72 and a beta of 1.33. 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 earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The firm had revenue of $47.12 billion during the quarter, compared to analysts’ expectations of $45.87 billion. During the same quarter in the prior year, the business earned $3.06 earnings per share. 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. On average, analysts anticipate that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

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

Insider Activity at General Motors

In related news, CAO Christopher Hatto sold 23,400 shares of the stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $61.01, for a total value of $1,427,634.00. Following the completion of the sale, the chief accounting officer owned 12,007 shares in the company, valued at approximately $732,547.07. This trade represents a 66.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mary T. Barra sold 753,720 shares of the firm’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $59.95, for a total value of $45,185,514.00. Following the completion of the sale, the chief executive officer owned 433,527 shares of the company’s stock, valued at $25,989,943.65. This represents a 63.48% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,074,824 shares of company stock valued at $122,377,213. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

GM has been the subject of several research analyst reports. Citigroup upped their price target on shares of General Motors from $61.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Wedbush reaffirmed an “outperform” rating and issued a $65.00 target price on shares of General Motors in a research report on Thursday. Weiss Ratings reiterated a “buy (b-)” rating on shares of General Motors in a report on Wednesday, October 8th. Jefferies Financial Group upped their price target on General Motors from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, October 6th. Finally, CLSA upgraded General Motors to a “moderate buy” rating in a research report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, General Motors has a consensus rating of “Moderate Buy” and a consensus price target of $65.00.

General Motors 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.