10,328 Shares in General Motors Company $GM Bought by Vise Technologies Inc.

Vise Technologies Inc. purchased a new stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 10,328 shares of the auto manufacturer’s stock, valued at approximately $508,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Sowell Financial Services LLC lifted its holdings in shares of General Motors by 2.9% during the second quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer’s stock worth $336,000 after purchasing an additional 195 shares during the period. Mayflower Financial Advisors LLC lifted its holdings in General Motors by 4.1% during the 2nd quarter. Mayflower Financial Advisors LLC now owns 5,163 shares of the auto manufacturer’s stock worth $254,000 after buying an additional 205 shares during the period. ICONIQ Capital LLC grew its position in shares of General Motors by 4.2% in the 1st quarter. ICONIQ Capital LLC now owns 5,434 shares of the auto manufacturer’s stock valued at $256,000 after buying an additional 220 shares during the last quarter. HHM Wealth Advisors LLC increased its stake in shares of General Motors by 14.4% in the first quarter. HHM Wealth Advisors LLC now owns 1,838 shares of the auto manufacturer’s stock valued at $86,000 after buying an additional 232 shares during the period. Finally, Private Trust Co. NA raised its position in shares of General Motors by 4.8% during the second quarter. Private Trust Co. NA now owns 5,519 shares of the auto manufacturer’s stock worth $272,000 after acquiring an additional 253 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Stock Performance

NYSE:GM opened at $70.52 on Friday. The stock has a market cap of $65.79 billion, a P/E ratio of 14.19, a PEG ratio of 0.96 and a beta of 1.41. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. The business’s 50-day moving average price is $62.61 and its two-hundred day moving average price is $55.42. General Motors Company has a twelve month low of $41.60 and a twelve month high of $72.87.

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, topping the consensus estimate of $2.32 by $0.48. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The company had revenue of $48.59 billion during the quarter, compared to analyst estimates of $44.60 billion. During the same period in the previous year, the business earned $2.96 earnings per share. The firm’s quarterly revenue was down .3% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, equities analysts predict that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 0.9%. General Motors’s dividend payout ratio is currently 12.07%.

Wall Street Analyst Weigh In

GM has been the subject of several recent analyst reports. Weiss Ratings downgraded shares of General Motors from a “buy (b-)” rating to a “hold (c)” rating in a research note on Saturday, October 25th. Cowen reissued a “buy” rating on shares of General Motors in a research report on Tuesday, October 21st. JPMorgan Chase & Co. raised their target price on General Motors from $60.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, September 30th. Mizuho set a $76.00 target price on General Motors in a research report on Wednesday, October 22nd. Finally, Bank of America cut their price target on General Motors from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, General Motors currently has an average rating of “Moderate Buy” and an average target price of $70.00.

Insider Buying and Selling

In other General Motors news, President Mark L. Reuss sold 260,600 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $66.45, for a total value of $17,316,870.00. Following the transaction, the president owned 98,006 shares in the company, valued at approximately $6,512,498.70. The trade was a 72.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Christopher Hatto sold 23,400 shares of the stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $61.01, for a total transaction of $1,427,634.00. Following 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,298,064 shares of company stock worth $138,050,080 in the last ninety days. 0.54% of the stock is owned by insiders.

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.