Sunflower Bank N.A. Buys Shares of 4,507 General Motors Company $GM

Key Points

• Sunflower Bank N.A. acquired 4,507 shares of General Motors valued at approximately $222,000 during the second quarter.
• General Motors recently reported earnings of $2.53 per share for the quarter, exceeding analysts' expectations and had a revenue of $47.12 billion.
• The company declared a quarterly dividend of $0.15 per share, set to be paid to shareholders on September 18th, representing an annualized yield of 1.0%.

Sunflower Bank N.A. acquired a new stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,507 shares of the auto manufacturer's stock, valued at approximately $222,000.

A number of other hedge funds also recently bought and sold shares of the company. Costello Asset Management INC purchased a new stake in shares of General Motors in the first quarter worth approximately $32,000. WPG Advisers LLC acquired a new position in General Motors in the first quarter worth approximately $34,000. North Capital Inc. acquired a new position in General Motors in the first quarter worth approximately $40,000. Banque Transatlantique SA acquired a new position in General Motors in the first quarter worth approximately $40,000. Finally, SouthState Corp increased its holdings in General Motors by 914.4% in the first quarter. SouthState Corp now owns 984 shares of the auto manufacturer's stock worth $46,000 after buying an additional 887 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on GM shares. Barclays upgraded General Motors from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $55.00 to $73.00 in a report on Friday, September 12th. Citigroup increased their price objective on General Motors from $61.00 to $75.00 and gave the stock a "buy" rating in a report on Monday. UBS Group increased their price target on General Motors from $50.00 to $56.00 and gave the company a "neutral" rating in a report on Monday, July 14th. The Goldman Sachs Group reiterated a "buy" rating on shares of General Motors in a report on Friday, July 11th. Finally, Benchmark assumed coverage on General Motors in a report on Monday, July 21st. They set a "buy" rating and a $65.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $59.74.

General Motors Trading Down 0.1%

General Motors stock traded down $0.04 during trading hours on Monday, reaching $58.94. 7,633,787 shares of the company's stock traded hands, compared to its average volume of 6,589,462. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $61.24. The firm has a market capitalization of $56.12 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 1.24 and a beta of 1.32. The firm's 50 day moving average is $55.82 and its 200-day moving average is $50.83.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.52 by $0.01. The company had revenue of $47.12 billion for 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 company's revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, analysts predict that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, September 5th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, September 5th. General Motors's payout ratio is presently 9.52%.

Insider Transactions at General Motors

In other news, CEO Mary T. Barra sold 907,024 shares of the business's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $58.24, for a total transaction of $52,825,077.76. Following the completion of the transaction, the chief executive officer directly owned 552,238 shares in the company, valued at approximately $32,162,341.12. The trade was a 62.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Rory Harvey sold 23,977 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total value of $1,271,020.77. Following the transaction, the executive vice president owned 8,513 shares of the company's stock, valued at $451,274.13. The trade was a 73.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,104,256 shares of company stock worth $64,129,551. 0.54% of the stock is currently owned by company 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.