Curated Wealth Partners LLC Decreases Stock Position in General Motors Company $GM

Key Points

• Curated Wealth Partners LLC has reduced its stake in General Motors Company by 28.5%, owning 18,130 shares after selling 7,224 shares in the second quarter.
• General Motors reported $2.53 earnings per share for the last quarter, exceeding estimates and bringing in $47.12 billion in revenue, though this was down 1.8% from the previous year.
• Institutional investors now own 92.67% of General Motors' stock, indicating strong institutional interest in the company.

Curated Wealth Partners LLC lowered its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 28.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,130 shares of the auto manufacturer's stock after selling 7,224 shares during the period. Curated Wealth Partners LLC's holdings in General Motors were worth $892,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. AQR Capital Management LLC lifted its holdings in General Motors by 146.8% in the first quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer's stock worth $629,196,000 after acquiring an additional 8,012,743 shares during the last quarter. 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 valued at $4,672,023,000 after acquiring an additional 6,395,375 shares during the period. Nuveen LLC acquired a new position in General Motors during the first quarter worth about $175,889,000. Kingstone Capital Partners Texas LLC acquired a new position in General Motors in the second quarter worth approximately $125,583,000. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in General Motors by 17.5% in the 1st 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 in the last quarter. Institutional investors own 92.67% of the company's stock.

General Motors Price Performance

Shares of General Motors stock opened at $57.12 on Wednesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05. The firm has a fifty day moving average price of $57.76 and a two-hundred day moving average price of $51.89. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $62.14. The company has a market cap of $54.39 billion, a PE ratio of 9.07, a price-to-earnings-growth ratio of 1.17 and a beta of 1.33.

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 for the quarter, beating the consensus estimate of $2.52 by $0.01. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The business had revenue of $47.12 billion during the quarter, compared to analysts' expectations of $45.87 billion. During the same quarter last year, the company earned $3.06 earnings per share. The firm's revenue was down 1.8% on a year-over-year basis. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. 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. Investors of record on Friday, September 5th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, September 5th. General Motors's dividend payout ratio (DPR) is 9.52%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. UBS Group upgraded shares of General Motors from a "neutral" rating to a "buy" rating and boosted their price target for the company from $56.00 to $81.00 in a report on Wednesday, September 24th. 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 report on Tuesday, September 30th. Citigroup upped their price target on shares of General Motors from $61.00 to $75.00 and gave the company a "buy" rating in a report on Monday, September 22nd. Royal Bank Of Canada restated an "outperform" rating and set a $77.00 price target on shares of General Motors in a report on Friday. Finally, Evercore ISI upped their price target on shares of General Motors from $55.00 to $68.00 and gave the company an "outperform" rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $65.00.

Insider Transactions at General Motors

In other General Motors news, CAO Christopher Hatto sold 36,804 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $55.10, for a total transaction of $2,027,900.40. Following the completion of the transaction, the chief accounting officer owned 12,007 shares in the company, valued at $661,585.70. This trade represents a 75.40% 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 link. Also, CEO Mary T. Barra sold 907,024 shares of the firm'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 transaction, the chief executive officer owned 552,238 shares of the company's stock, valued at approximately $32,162,341.12. This represents a 62.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,074,824 shares of company stock valued at $122,377,213 in the last ninety days. 0.54% of the stock is 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.

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