ARS Wealth Advisors Group LLC Buys Shares of 5,255 General Motors Company $GM

Key Points

• ARS Wealth Advisors Group LLC has acquired a new stake in General Motors, purchasing 5,255 shares valued at approximately $259,000.
• Insider trading activity includes major sales by CEO Mary T. Barra and CAO Christopher Hatto, with Barra selling over 907,000 shares for around $52.8 million.
• General Motors' stock currently has a market capitalization of $56.41 billion, with a notable 12-month price range between $41.60 and $61.24.

ARS Wealth Advisors Group LLC purchased a new stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 5,255 shares of the auto manufacturer's stock, valued at approximately $259,000.

Other hedge funds have also added to or reduced their stakes in the company. Costello Asset Management INC bought a new position in General Motors in the first quarter valued at about $32,000. WPG Advisers LLC bought a new position in General Motors during the first quarter worth about $34,000. North Capital Inc. bought a new position in General Motors during the first quarter worth about $40,000. Banque Transatlantique SA acquired a new position in shares of General Motors during the 1st quarter worth about $40,000. Finally, SouthState Corp grew its position in shares of General Motors by 914.4% during the 1st quarter. SouthState Corp now owns 984 shares of the auto manufacturer's stock worth $46,000 after buying an additional 887 shares during the period. Institutional investors own 92.67% of the company's stock.

Wall Street Analysts Forecast Growth

GM has been the subject of several analyst reports. Industrial Alliance Securities set a $70.00 target price on General Motors in a research report on Friday, July 11th. Bank of America decreased their target price on General Motors from $65.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Benchmark initiated coverage on General Motors in a research report on Monday, July 21st. They set a "buy" rating and a $65.00 target price for the company. Wells Fargo & Company boosted their target price on General Motors from $34.00 to $38.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 23rd. Finally, Citigroup boosted their target price on General Motors from $61.00 to $75.00 and gave the stock a "buy" rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, General Motors presently has a consensus rating of "Moderate Buy" and an average price target of $59.74.

General Motors Stock Down 0.1%

Shares of GM traded down $0.04 on Monday, hitting $58.94. The company's stock had a trading volume of 7,633,787 shares, compared to its average volume of 6,589,462. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42. The firm's fifty day moving average price is $55.82 and its 200-day moving average price is $50.83. 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 P/E/G ratio of 1.24 and a beta of 1.32.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings data 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. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The business had revenue of $47.12 billion during the quarter, compared to analyst estimates of $45.87 billion. During the same period in the previous year, the firm earned $3.06 EPS. General Motors's quarterly revenue was down 1.8% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, equities research analysts expect that General Motors Company will post 11.44 EPS for the current year.

General Motors Dividend Announcement

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

Insider Buying and Selling at General Motors

In other General Motors news, CAO Christopher Hatto sold 14,667 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $59.00, for a total value of $865,353.00. Following the sale, the chief accounting officer owned 12,007 shares in the company, valued at approximately $708,413. The trade was a 54.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Rory Harvey sold 4,459 shares of the business's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $59.95, for a total value of $267,317.05. Following the completion of the sale, the executive vice president owned 8,513 shares in the company, valued at $510,354.35. The trade was a 34.37% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,104,256 shares of company stock worth $64,129,551. Corporate insiders own 0.54% of the company's stock.

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.