Baker Tilly Wealth Management LLC Has $210,000 Stake in General Motors Company $GM

Key Points

• Baker Tilly Wealth Management LLC significantly reduced its position in General Motors by 51.4%, selling off 4,498 shares to hold only 4,258 shares worth approximately $210,000.
• CEO Mary T. Barra sold over 907,000 shares of GM stock, decreasing her ownership by 62.16%, while the company recently had a quarterly earnings report showing revenue down 1.8% year-over-year.
• General Motors has received a consensus rating of "Moderate Buy" from analysts, with target prices ranging from $50.00 to $70.00, reflecting varying optimism about its future performance.

Baker Tilly Wealth Management LLC lowered its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 51.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,258 shares of the auto manufacturer's stock after selling 4,498 shares during the period. Baker Tilly Wealth Management LLC's holdings in General Motors were worth $210,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in GM. AQR Capital Management LLC increased its stake in shares of General Motors by 146.8% during the first quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer's stock worth $629,196,000 after purchasing an additional 8,012,743 shares during the period. Vanguard Group Inc. increased its stake in shares of General Motors by 6.9% during the first quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer's stock worth $4,672,023,000 after purchasing an additional 6,395,375 shares during the period. Nuveen LLC bought a new position in shares of General Motors during the first quarter worth approximately $175,889,000. Assenagon Asset Management S.A. increased its stake in shares of General Motors by 305.6% during the first quarter. Assenagon Asset Management S.A. now owns 2,858,959 shares of the auto manufacturer's stock worth $134,457,000 after purchasing an additional 2,154,037 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in shares of General Motors by 17.5% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 12,822,632 shares of the auto manufacturer's stock worth $603,048,000 after purchasing an additional 1,910,186 shares during the period. Institutional investors own 92.67% of the company's stock.

General Motors Price Performance

Shares of GM stock traded down $0.04 during trading hours on Monday, reaching $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 firm's 50 day simple moving average is $55.82 and its 200-day simple moving average is $50.83. The company 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. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $61.24. 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 (NYSE:GM - Get Free Report) TSE: GMM.U last issued its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, beating analysts' consensus estimates of $2.52 by $0.01. The firm had revenue of $47.12 billion for the quarter, compared to the consensus estimate of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The company's revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Sell-side analysts forecast that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

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

Insider Buying and Selling at General Motors

In other General Motors news, CAO Christopher Hatto sold 14,667 shares of the firm's stock in a transaction 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 of the company's stock, valued at approximately $708,413. This trade represents a 54.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mary T. Barra sold 29,486 shares of the firm's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $59.92, for a total value of $1,766,801.12. Following the sale, the chief executive officer directly owned 633,527 shares in the company, valued at approximately $37,960,937.84. This trade represents a 4.45% 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 valued at $64,129,551. 0.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GM has been the topic of a number of recent research reports. Benchmark initiated coverage on General Motors in a research note on Monday, July 21st. They set a "buy" rating and a $65.00 target price on the stock. Barclays raised General Motors from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $55.00 to $73.00 in a research report on Friday, September 12th. UBS Group increased their price target on General Motors from $50.00 to $56.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Wedbush increased their price target on General Motors from $55.00 to $65.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. Finally, JPMorgan Chase & Co. increased their price target on General Motors from $56.00 to $60.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $59.74.

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.