Marshall Wace LLP Has $182.04 Million Stock Holdings in General Motors Company $GM

Marshall Wace LLP raised its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 125.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,699,220 shares of the auto manufacturer’s stock after purchasing an additional 2,061,712 shares during the quarter. Marshall Wace LLP owned 0.39% of General Motors worth $182,039,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of GM. Sowell Financial Services LLC grew its position in General Motors by 2.9% in the second quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer’s stock valued at $336,000 after acquiring an additional 195 shares during the period. Mayflower Financial Advisors LLC grew its holdings in shares of General Motors by 4.1% in the 2nd quarter. Mayflower Financial Advisors LLC now owns 5,163 shares of the auto manufacturer’s stock worth $254,000 after purchasing an additional 205 shares during the last quarter. ICONIQ Capital LLC increased its position in shares of General Motors by 4.2% during the 1st quarter. ICONIQ Capital LLC now owns 5,434 shares of the auto manufacturer’s stock worth $256,000 after purchasing an additional 220 shares in the last quarter. Private Trust Co. NA lifted its holdings in General Motors by 4.8% during the 2nd quarter. Private Trust Co. NA now owns 5,519 shares of the auto manufacturer’s stock valued at $272,000 after purchasing an additional 253 shares during the last quarter. Finally, Cromwell Holdings LLC boosted its position in General Motors by 7.7% in the second quarter. Cromwell Holdings LLC now owns 3,591 shares of the auto manufacturer’s stock valued at $177,000 after buying an additional 256 shares in the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other General Motors news, CAO Christopher Hatto sold 23,400 shares of the company’s stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $61.01, for a total value of $1,427,634.00. Following the completion of the sale, the chief accounting officer owned 12,007 shares of the company’s stock, valued at approximately $732,547.07. This represents a 66.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Mark L. Reuss sold 260,600 shares of General Motors stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the transaction, the president directly 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 SEC filing for this sale provides additional information. Insiders have sold a total of 1,288,534 shares of company stock worth $79,253,568 in the last ninety days. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. UBS Group raised their price objective on shares of General Motors from $81.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Jefferies Financial Group lifted their price objective on General Motors from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, October 6th. Wells Fargo & Company boosted their price objective on General Motors from $40.00 to $46.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 22nd. Barclays raised their target price on General Motors from $77.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Royal Bank Of Canada upped their price target on shares of General Motors from $77.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, General Motors has a consensus rating of “Moderate Buy” and a consensus target price of $70.27.

General Motors Stock Up 0.8%

NYSE:GM opened at $75.26 on Friday. 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 Company has a 12-month low of $41.60 and a 12-month high of $76.23. The stock’s fifty day simple moving average is $66.19 and its 200-day simple moving average is $57.76. The firm has a market capitalization of $70.21 billion, a P/E ratio of 15.14, a P/E/G ratio of 0.85 and a beta of 1.30.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.48. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The firm had revenue of $48.59 billion for the quarter, compared to analyst estimates of $44.60 billion. During the same quarter in the prior year, the firm posted $2.96 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Equities research analysts expect that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, December 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.8%. General Motors’s payout ratio is currently 12.07%.

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.