Knights of Columbus Asset Advisors LLC Purchases 2,893 Shares of General Motors Company $GM

Knights of Columbus Asset Advisors LLC raised its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 1.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 246,959 shares of the auto manufacturer’s stock after purchasing an additional 2,893 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in General Motors were worth $12,153,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in GM. Cassia Capital Partners LLC grew its position in General Motors by 63.0% during the first quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer’s stock worth $879,000 after buying an additional 7,221 shares in the last quarter. Mirova grew its holdings in shares of General Motors by 4.1% during the first quarter. Mirova now owns 133,969 shares of the auto manufacturer’s stock worth $6,301,000 after purchasing an additional 5,293 shares in the last quarter. Capital Investment Advisors LLC increased its position in shares of 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. AustralianSuper Pty Ltd raised its stake in General Motors by 38.9% in the first quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer’s stock valued at $287,428,000 after purchasing an additional 1,712,033 shares in the last quarter. Finally, Sowell Financial Services LLC purchased a new stake in General Motors in the first quarter valued at approximately $312,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Rory Harvey sold 23,977 shares of General Motors stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $53.01, for a total value of $1,271,020.77. Following the sale, the executive vice president owned 8,513 shares in the company, valued at $451,274.13. The trade was a 73.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Mark L. Reuss sold 136,161 shares of the company’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $60.12, for a total transaction of $8,185,999.32. Following the completion of the transaction, the president owned 131,036 shares of the company’s stock, valued at $7,877,884.32. This trade represents a 50.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,074,824 shares of company stock valued at $122,377,213 over the last three months. 0.54% of the stock is currently owned by corporate insiders.

General Motors Stock Up 1.2%

Shares of General Motors stock opened at $60.07 on Monday. The stock has a market capitalization of $57.19 billion, a price-to-earnings ratio of 9.54, a P/E/G ratio of 1.27 and a beta of 1.33. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22. The company’s 50 day moving average price is $57.22 and its 200-day moving average price is $51.57. General Motors Company has a 52-week low of $41.60 and a 52-week high of $62.14.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.01. The firm had revenue of $47.12 billion for the quarter, compared to analysts’ expectations of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.06 earnings per share. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Equities research analysts forecast that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, September 5th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, September 5th. General Motors’s dividend payout ratio (DPR) is currently 9.52%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on GM shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of General Motors in a report on Saturday, September 27th. Bank of America cut their price objective on General Motors from $65.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price objective on General Motors from $60.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, September 30th. The Goldman Sachs Group upped their target price on General Motors from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Finally, UBS Group raised shares of General Motors from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $56.00 to $81.00 in a research note on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $63.26.

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.