CHICAGO TRUST Co NA Sells 6,031 Shares of General Motors Company $GM

Key Points

• CHICAGO TRUST Co NA sold 6,031 shares of General Motors, reducing its stake by 38.0%, leaving it with 9,828 shares worth approximately $484,000.
• General Motors reported quarterly earnings of $2.53 EPS, exceeding estimates, alongside a revenue of $47.12 billion, though it marks a 1.8% decline from the previous year.
• The company declared a quarterly dividend of $0.15, resulting in an annual yield of 1.0% and a dividend payout ratio of 9.52%.

CHICAGO TRUST Co NA reduced its stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 38.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,828 shares of the auto manufacturer's stock after selling 6,031 shares during the quarter. CHICAGO TRUST Co NA's holdings in General Motors were worth $484,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in General Motors by 2.5% during the second quarter. GAMMA Investing LLC now owns 20,644 shares of the auto manufacturer's stock valued at $1,016,000 after acquiring an additional 511 shares during the period. U.S. Capital Wealth Advisors LLC raised its holdings in General Motors by 10.5% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 18,156 shares of the auto manufacturer's stock valued at $893,000 after acquiring an additional 1,718 shares during the period. Park Avenue Securities LLC raised its holdings in General Motors by 2.2% during the second quarter. Park Avenue Securities LLC now owns 52,821 shares of the auto manufacturer's stock valued at $2,599,000 after acquiring an additional 1,158 shares during the period. Sowell Financial Services LLC grew its position in shares of General Motors by 2.9% during the second quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer's stock valued at $336,000 after purchasing an additional 195 shares in the last quarter. Finally, CX Institutional grew its position in shares of General Motors by 2.9% during the second quarter. CX Institutional now owns 10,320 shares of the auto manufacturer's stock valued at $508,000 after purchasing an additional 287 shares in the last quarter. 92.67% of the stock is owned by institutional investors.

General Motors Trading Down 0.5%

GM opened at $58.60 on Wednesday. The firm has a market cap of $55.79 billion, a P/E ratio of 9.30, a P/E/G ratio of 1.24 and a beta of 1.32. General Motors Company has a 12 month low of $41.60 and a 12 month high of $61.24. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42. The stock has a 50-day moving average of $55.94 and a 200 day moving average of $50.88.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.06 earnings per share. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, research analysts forecast that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

The company also recently disclosed 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 of this dividend was Friday, September 5th. This represents a $0.60 annualized dividend and a yield of 1.0%. General Motors's dividend payout ratio (DPR) is presently 9.52%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GM. CLSA upgraded General Motors to a "moderate buy" rating in a research report on Monday, July 7th. Benchmark began coverage on General Motors in a research report on Monday, July 21st. They set a "buy" rating and a $65.00 price objective for the company. Mizuho raised their price objective on General Motors from $58.00 to $67.00 and gave the company an "outperform" rating in a research report on Tuesday. Industrial Alliance Securities set a $70.00 price objective on General Motors in a research report on Friday, July 11th. Finally, UBS Group lifted 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. One equities research 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.21.

Insiders Place Their Bets

In other General Motors news, CEO Mary T. Barra sold 29,486 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer owned 633,527 shares of the company's stock, valued at $37,960,937.84. This trade represents a 4.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Rory Harvey sold 4,459 shares of the firm's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $59.95, for a total transaction of $267,317.05. Following the completion of the sale, the executive vice president directly owned 8,513 shares of the company's stock, valued at approximately $510,354.35. The trade was a 34.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,104,256 shares of company stock valued at $64,129,551 over the last 90 days. Insiders own 0.54% of the company's stock.

About General Motors

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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