Intech Investment Management LLC Grows Position in General Motors Company $GM

Intech Investment Management LLC raised its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 183.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 928,129 shares of the auto manufacturer’s stock after purchasing an additional 601,155 shares during the quarter. Intech Investment Management LLC owned 0.10% of General Motors worth $45,673,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Trust Co. of Toledo NA OH purchased a new stake in shares of General Motors in the second quarter worth approximately $25,000. GFG Capital LLC bought a new stake in shares of General Motors during the second quarter worth $27,000. Costello Asset Management INC purchased a new stake in shares of General Motors during the first quarter valued at $32,000. RMG Wealth Management LLC bought a new position in shares of General Motors in the second quarter worth about $32,000. Finally, WPG Advisers LLC purchased a new position in General Motors in the 1st quarter worth about $34,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Price Performance

GM opened at $70.52 on Friday. The firm has a market capitalization of $65.79 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 0.96 and a beta of 1.41. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.06. The business’s 50-day moving average is $62.61 and its two-hundred day moving average is $55.42. General Motors Company has a 1 year low of $41.60 and a 1 year high of $72.87.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, topping the consensus estimate of $2.32 by $0.48. The firm had revenue of $48.59 billion during the quarter, compared to analyst estimates of $44.60 billion. General Motors had a net margin of 1.62% and a return on equity of 12.29%. General Motors’s revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Research analysts anticipate that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, December 5th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, December 5th. General Motors’s payout ratio is 12.07%.

Insider Buying and Selling

In related news, CEO Mary T. Barra sold 907,024 shares of the company’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $58.24, for a total transaction of $52,825,077.76. Following the transaction, the chief executive officer directly owned 552,238 shares of the company’s stock, valued at $32,162,341.12. This represents a 62.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Christopher Hatto sold 23,400 shares of the business’s stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $61.01, for a total value of $1,427,634.00. Following the sale, the chief accounting officer owned 12,007 shares in the company, valued at $732,547.07. The trade was a 66.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,298,064 shares of company stock worth $138,050,080 in the last ninety days. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

GM has been the subject of several research reports. Tigress Financial boosted their price objective on shares of General Motors from $88.00 to $92.00 and gave the company a “strong-buy” rating in a research report on Friday, October 24th. Argus set a $78.00 price target on General Motors in a report on Thursday, October 23rd. Wells Fargo & Company increased their price objective on General Motors from $40.00 to $46.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 22nd. 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 report on Wednesday, October 22nd. Finally, Bank of America dropped their price target on General Motors from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, General Motors presently has an average rating of “Moderate Buy” and an average target price of $70.00.

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.