Marshall Wace LLP Buys 2,061,712 Shares of General Motors Company $GM

Marshall Wace LLP increased its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 125.9% during the second quarter, HoldingsChannel reports. The fund owned 3,699,220 shares of the auto manufacturer’s stock after buying an additional 2,061,712 shares during the period. Marshall Wace LLP’s holdings in General Motors were worth $182,039,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its holdings in shares of General Motors by 456.1% in the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock valued at $2,062,000 after purchasing an additional 31,755 shares in the last quarter. Blair William & Co. IL raised its position in General Motors by 12.3% in the 1st quarter. Blair William & Co. IL now owns 31,817 shares of the auto manufacturer’s stock valued at $1,496,000 after buying an additional 3,495 shares during the last quarter. Costello Asset Management INC acquired a new stake in General Motors in the 1st quarter valued at approximately $32,000. Intrust Bank NA lifted its stake in General Motors by 19.0% in the 1st quarter. Intrust Bank NA now owns 21,953 shares of the auto manufacturer’s stock valued at $1,032,000 after acquiring an additional 3,503 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in General Motors by 12.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,447,099 shares of the auto manufacturer’s stock worth $444,297,000 after acquiring an additional 1,020,386 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Price Performance

Shares of GM opened at $75.26 on Friday. The company’s 50-day moving average is $66.19 and its 200-day moving average is $57.76. 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 firm has a market capitalization of $70.21 billion, a PE ratio of 15.14, a PEG ratio of 0.85 and a beta of 1.30. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $76.23.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.48. The business had revenue of $48.59 billion for 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 quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Equities analysts forecast that General Motors Company will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, December 5th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, December 5th. General Motors’s dividend payout ratio (DPR) is presently 12.07%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GM. Evercore ISI lifted their price objective on shares of General Motors from $68.00 to $74.00 and gave the company an “outperform” rating in a report on Monday, November 24th. Wells Fargo & Company boosted their price target on shares of General Motors from $40.00 to $46.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 22nd. Piper Sandler set a $66.00 price objective on shares of General Motors and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Mizuho set a $76.00 price target on General Motors in a research report on Wednesday, October 22nd. Finally, Jefferies Financial Group boosted their price target on General Motors from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, October 6th. Three 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $70.27.

Insider Transactions at General Motors

In other news, CAO Christopher Hatto sold 7,724 shares of General Motors stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $72.00, for a total transaction of $556,128.00. Following the completion of the sale, the chief accounting officer 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Rory Harvey sold 6,600 shares of the company’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $61.95, for a total transaction of $408,870.00. Following the completion of the transaction, the executive vice president owned 8,513 shares in the company, valued at $527,380.35. This trade represents a 43.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,288,534 shares of company stock valued at $79,253,568. Company insiders own 0.54% of the company’s stock.

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.