Yousif Capital Management LLC reduced its stake in shares of General Motors Company (NYSE:GM – Free Report) (TSE:GMM.U) by 2.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 171,425 shares of the auto manufacturer’s stock after selling 4,285 shares during the quarter. Yousif Capital Management LLC’s holdings in General Motors were worth $8,436,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in GM. Brighton Jones LLC boosted its stake in shares of General Motors by 456.1% during the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock valued at $2,062,000 after purchasing an additional 31,755 shares during the period. GAMMA Investing LLC boosted its stake in shares of General Motors by 10.6% during the first quarter. GAMMA Investing LLC now owns 20,133 shares of the auto manufacturer’s stock valued at $947,000 after purchasing an additional 1,933 shares during the period. Tritonpoint Wealth LLC lifted its stake in General Motors by 12.1% in the first quarter. Tritonpoint Wealth LLC now owns 4,403 shares of the auto manufacturer’s stock worth $207,000 after acquiring an additional 477 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in General Motors by 107.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 155,554 shares of the auto manufacturer’s stock worth $7,316,000 after acquiring an additional 80,734 shares during the period. Finally, Ritholtz Wealth Management lifted its stake in General Motors by 76.2% in the first quarter. Ritholtz Wealth Management now owns 27,426 shares of the auto manufacturer’s stock worth $1,290,000 after acquiring an additional 11,862 shares during the period. 92.67% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at General Motors
In other news, President Mark L. Reuss sold 136,161 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $60.12, for a total transaction of $8,185,999.32. Following the transaction, the president owned 131,036 shares in the company, valued at $7,877,884.32. This represents a 50.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Mary T. Barra sold 907,024 shares of the company’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $58.24, for a total transaction of $52,825,077.76. Following the transaction, the chief executive officer owned 552,238 shares in the company, valued at approximately $32,162,341.12. This trade represents a 62.16% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,074,824 shares of company stock worth $122,377,213. 0.54% of the stock is owned by insiders.
General Motors Stock Performance
General Motors (NYSE:GM – Get Free Report) (TSE:GMM.U) last announced its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.01. The business had revenue of $47.12 billion during the quarter, compared to the consensus estimate 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 company posted $3.06 earnings per share. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Research analysts expect that General Motors Company will post 11.44 EPS for the current fiscal year.
General Motors Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, September 5th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, September 5th. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. General Motors’s dividend payout ratio is 9.52%.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on GM shares. Barclays upped their price objective on shares of General Motors from $73.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday. Wedbush upped their price objective on shares of General Motors from $55.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 19th. Industrial Alliance Securities set a $70.00 price objective on shares of General Motors in a research note on Friday, July 11th. JPMorgan Chase & Co. upped their price objective on shares of General Motors from $60.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 30th. Finally, Jefferies Financial Group upped their price objective on shares of General Motors from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $65.00.
Check Out Our Latest Analysis on General Motors
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.
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