Orion Porfolio Solutions LLC Buys 7,843 Shares of General Motors Company $GM

Orion Porfolio Solutions LLC increased its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 14.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,302 shares of the auto manufacturer’s stock after purchasing an additional 7,843 shares during the period. Orion Porfolio Solutions LLC’s holdings in General Motors were worth $3,115,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirova grew its holdings in shares of General Motors by 4.1% in the first quarter. Mirova now owns 133,969 shares of the auto manufacturer’s stock worth $6,301,000 after acquiring an additional 5,293 shares during the period. Engineers Gate Manager LP lifted its holdings in General Motors by 200.3% in the second quarter. Engineers Gate Manager LP now owns 1,282,075 shares of the auto manufacturer’s stock valued at $63,091,000 after acquiring an additional 855,137 shares during the period. Capital Investment Advisors LLC boosted its position in General Motors by 6.3% in the second quarter. Capital Investment Advisors LLC now owns 8,811 shares of the auto manufacturer’s stock worth $434,000 after purchasing an additional 526 shares during the last quarter. Ieq Capital LLC grew its stake in shares of General Motors by 233.7% during the 1st quarter. Ieq Capital LLC now owns 507,213 shares of the auto manufacturer’s stock valued at $23,854,000 after purchasing an additional 355,235 shares during the period. Finally, United Advisor Group LLC bought a new stake in shares of General Motors during the 2nd quarter valued at about $220,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Insider Activity at General Motors

In related news, CAO Christopher Hatto sold 7,724 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $72.00, for a total transaction of $556,128.00. Following the completion of the transaction, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at approximately $864,504. This trade represents a 39.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Mark L. Reuss sold 260,600 shares of General Motors stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the completion of the sale, the president owned 98,006 shares in the company, valued at approximately $6,512,498.70. This represents a 72.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,254,589 shares of company stock valued at $77,219,450. Corporate insiders own 0.54% of the company’s stock.

General Motors Trading Up 0.8%

Shares of General Motors stock opened at $81.18 on Friday. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $83.04. 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 company has a market capitalization of $75.73 billion, a P/E ratio of 16.33, a P/E/G ratio of 0.73 and a beta of 1.30. The company has a fifty day moving average of $70.29 and a 200 day moving average of $59.88.

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, beating the consensus estimate of $2.32 by $0.48. The business had revenue of $48.59 billion for the quarter, compared to the consensus estimate of $44.60 billion. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The business’s revenue was down .3% on a year-over-year basis. During the same period in the previous year, the business earned $2.96 earnings per share. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. On average, sell-side 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 declared a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Friday, December 5th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, December 5th. General Motors’s dividend payout ratio is presently 12.07%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Weiss Ratings downgraded shares of General Motors from a “buy (b-)” rating to a “hold (c)” rating in a report on Saturday, October 25th. Piper Sandler set a $66.00 price target on shares of General Motors and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Cowen reissued a “buy” rating on shares of General Motors in a research report on Friday, December 12th. Mizuho set a $90.00 price objective on General Motors in a research note on Tuesday. Finally, UBS Group lifted their target price on General Motors from $85.00 to $97.00 and gave the company a “buy” rating in a research report on Monday. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $75.76.

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.