IFM Investors Pty Ltd Has $10.04 Million Stock Position in General Motors Company $GM

IFM Investors Pty Ltd reduced its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 2.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 213,470 shares of the auto manufacturer’s stock after selling 4,976 shares during the quarter. IFM Investors Pty Ltd’s holdings in General Motors were worth $10,039,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GM. Measured Risk Portfolios Inc. acquired a new stake in General Motors during the fourth quarter worth approximately $27,000. Costello Asset Management INC acquired a new stake in General Motors during the first quarter worth approximately $32,000. WPG Advisers LLC acquired a new stake in General Motors during the first quarter worth approximately $34,000. North Capital Inc. acquired a new stake in General Motors during the first quarter worth approximately $40,000. Finally, Banque Transatlantique SA acquired a new stake in General Motors during the first quarter worth approximately $40,000. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Price Performance

Shares of GM opened at $57.33 on Thursday. General Motors Company has a 12-month low of $41.60 and a 12-month high of $61.24. The business’s fifty day moving average is $54.86 and its 200 day moving average is $50.15. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42. The stock has a market cap of $54.58 billion, a P/E ratio of 9.10, a P/E/G ratio of 1.22 and a beta of 1.32.

General Motors (NYSE:GM) (TSE:GMM.U) last issued 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. The company had revenue of $47.12 billion for the quarter, compared to analysts’ expectations of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%.General Motors’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the business earned $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, September 5th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, September 5th. General Motors’s payout ratio is currently 9.52%.

Analyst Ratings Changes

GM has been the subject of several recent analyst reports. Bank of America decreased their target price on General Motors from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Benchmark initiated coverage on General Motors in a research note on Monday, July 21st. They set a “buy” rating and a $65.00 target price for the company. CLSA raised General Motors to a “moderate buy” rating in a research note on Monday, July 7th. JPMorgan Chase & Co. raised their target price on General Motors from $56.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Finally, Wells Fargo & Company upped their price target on General Motors from $34.00 to $38.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $58.05.

Insiders Place Their Bets

In other General Motors news, CAO Christopher Hatto sold 14,667 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $59.00, for a total transaction of $865,353.00. Following the completion of the sale, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at approximately $708,413. The trade was a 54.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Rory Harvey sold 23,977 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total value of $1,271,020.77. Following the sale, the executive vice president directly owned 8,513 shares of the company’s stock, valued at $451,274.13. This represents a 73.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,070,311 shares of company stock valued at $62,095,433. Corporate insiders own 0.54% of the company’s stock.

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.