Amalgamated Bank Has $9.21 Million Stock Position in General Motors Company $GM

Amalgamated Bank lowered its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 4.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 187,182 shares of the auto manufacturer’s stock after selling 9,530 shares during the quarter. Amalgamated Bank’s holdings in General Motors were worth $9,211,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Retirement Systems of Alabama increased its position in shares of General Motors by 10.8% in the second quarter. Retirement Systems of Alabama now owns 985,432 shares of the auto manufacturer’s stock valued at $48,493,000 after acquiring an additional 96,265 shares during the last quarter. Assetmark Inc. increased its position in shares of General Motors by 28.1% in the second quarter. Assetmark Inc. now owns 90,775 shares of the auto manufacturer’s stock valued at $4,467,000 after acquiring an additional 19,925 shares during the last quarter. Keybank National Association OH increased its position in shares of General Motors by 1.4% in the second quarter. Keybank National Association OH now owns 35,238 shares of the auto manufacturer’s stock valued at $1,734,000 after acquiring an additional 499 shares during the last quarter. Arkadios Wealth Advisors increased its position in shares of General Motors by 90.6% in the second quarter. Arkadios Wealth Advisors now owns 41,168 shares of the auto manufacturer’s stock valued at $2,026,000 after acquiring an additional 19,570 shares during the last quarter. Finally, Mayflower Financial Advisors LLC increased its position in shares of General Motors by 4.1% in the second quarter. Mayflower Financial Advisors LLC now owns 5,163 shares of the auto manufacturer’s stock valued at $254,000 after acquiring an additional 205 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 $68.69 on Friday. The stock has a market cap of $64.07 billion, a P/E ratio of 13.82, a PEG ratio of 0.96 and a beta of 1.33. The stock has a 50 day simple moving average of $60.09 and a 200 day simple moving average of $53.54. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 1.40. General Motors Company has a 1-year low of $41.60 and a 1-year high of $70.24.

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

General Motors Announces Dividend

The company also recently declared 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. This represents a $0.60 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, December 5th. General Motors’s dividend payout ratio (DPR) is presently 12.07%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GM. Bank of America lowered their price target on General Motors from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. Cowen reissued a “buy” rating on shares of General Motors in a research report on Tuesday, October 21st. TD Cowen boosted their price target on General Motors from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Wedbush set a $75.00 price target on General Motors and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Finally, Benchmark reissued a “buy” rating on shares of General Motors in a research report on Wednesday, October 22nd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.00.

Insider Buying and Selling

In related news, President Mark L. Reuss sold 260,600 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total value of $17,316,870.00. Following the completion of the sale, the president directly 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mary T. Barra sold 753,720 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 433,527 shares of the company’s stock, valued at approximately $25,989,943.65. This trade represents a 63.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 2,351,121 shares of company stock valued at $140,792,873. 0.54% of the stock is currently owned by corporate insiders.

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.