Natixis Makes New $5.16 Million Investment in General Motors Company $GM

Natixis purchased a new position in General Motors Company (NYSE:GM) (TSE:GMM.U) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 104,813 shares of the auto manufacturer’s stock, valued at approximately $5,158,000.

A number of other institutional investors have also modified their holdings of the business. Mirova lifted its holdings in 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 last quarter. Capital Investment Advisors LLC grew its holdings in shares of General Motors by 6.3% during the second 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 last quarter. Boston Partners acquired a new stake in shares of General Motors during the 1st quarter worth approximately $719,000. Ieq Capital LLC lifted its holdings in shares of General Motors by 233.7% in the 1st quarter. Ieq Capital LLC now owns 507,213 shares of the auto manufacturer’s stock worth $23,854,000 after purchasing an additional 355,235 shares during the last quarter. Finally, United Advisor Group LLC acquired a new position in General Motors during the 2nd quarter valued at approximately $220,000. Institutional investors own 92.67% of the company’s stock.

Insider Transactions at General Motors

In related news, CAO Christopher Hatto sold 7,724 shares of the business’s stock in a transaction that occurred 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 sale, the chief accounting officer owned 12,007 shares of the company’s stock, valued at $864,504. The trade was a 39.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mary T. Barra sold 753,720 shares of the stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $59.95, for a total value of $45,185,514.00. Following the transaction, the chief executive officer directly owned 433,527 shares of the company’s stock, valued at approximately $25,989,943.65. The trade was a 63.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,288,534 shares of company stock worth $79,253,568 in the last three months. 0.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on GM shares. The Goldman Sachs Group upped their price objective on General Motors from $81.00 to $93.00 and gave the stock a “buy” rating in a research note on Tuesday. Weiss Ratings downgraded shares of General Motors from a “buy (b-)” rating to a “hold (c)” rating in a report on Saturday, October 25th. Citigroup increased their price objective on shares of General Motors from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Barclays lifted their price objective on shares of General Motors from $77.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Finally, Wells Fargo & Company boosted their target price on shares of General Motors from $46.00 to $48.00 and gave the company an “underweight” rating in a research note on Tuesday. Three analysts have 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $72.86.

General Motors Price Performance

Shares of NYSE GM opened at $77.07 on Wednesday. The stock has a market cap of $71.90 billion, a P/E ratio of 15.51, a P/E/G ratio of 0.86 and a beta of 1.30. The firm’s 50-day simple moving average is $67.10 and its 200 day simple moving average is $58.44. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $77.35. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 1.40.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Equities analysts expect that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, December 5th. General Motors’s dividend payout ratio (DPR) is currently 12.07%.

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.