General Motors (NYSE:GM) EVP Sells $408,870.00 in Stock

General Motors Company (NYSE:GM) (TSE:GMM.U) EVP Rory Harvey sold 6,600 shares of the firm’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $61.95, for a total transaction of $408,870.00. Following the completion of the transaction, the executive vice president directly owned 8,513 shares in the company, valued at approximately $527,380.35. This represents a 43.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Rory Harvey also recently made the following trade(s):

• On Friday, September 12th, Rory Harvey sold 4,459 shares of General Motors stock. The shares were sold at an average price of $59.95, for a total transaction of $267,317.05.
• On Tuesday, August 5th, Rory Harvey sold 23,977 shares of General Motors stock. The shares were sold at an average price of $53.01, for a total transaction of $1,271,020.77.

General Motors Price Performance

GM stock opened at $59.42 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42. General Motors Company has a 12 month low of $41.60 and a 12 month high of $62.14. The firm has a market cap of $56.57 billion, a P/E ratio of 9.43, a P/E/G ratio of 1.29 and a beta of 1.33. The company’s 50-day moving average price is $57.08 and its two-hundred day moving average price is $51.46.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.01. The company had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The firm’s revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, 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 declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, September 5th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. General Motors’s payout ratio is 9.52%.

Institutional Investors Weigh In On General Motors

A number of institutional investors have recently added to or reduced their stakes in GM. Cassia Capital Partners LLC boosted its stake in shares of General Motors by 63.0% in the 1st quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer’s stock valued at $879,000 after purchasing an additional 7,221 shares during the last quarter. Mirova boosted its stake in shares of General Motors by 4.1% in the 1st quarter. Mirova now owns 133,969 shares of the auto manufacturer’s stock valued at $6,301,000 after purchasing an additional 5,293 shares during the last quarter. AustralianSuper Pty Ltd boosted its stake in shares of General Motors by 38.9% in the 1st 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 during the last quarter. Sowell Financial Services LLC bought a new stake in shares of General Motors in the 1st quarter valued at $312,000. Finally, Boston Partners bought a new stake in shares of General Motors in the 1st quarter valued at $719,000. 92.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GM has been the topic of several research reports. Bank of America decreased their price target on shares of General Motors from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Benchmark initiated coverage on shares of General Motors in a report on Monday, July 21st. They set a “buy” rating and a $65.00 price target on the stock. Citigroup lifted their price target on shares of General Motors from $61.00 to $75.00 and gave the company a “buy” rating in a report on Monday, September 22nd. CLSA raised shares of General Motors to a “moderate buy” rating in a report on Monday, July 7th. Finally, Barclays raised shares of General Motors from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $55.00 to $73.00 in a report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $63.16.

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.