Focus Partners Advisor Solutions LLC Grows Position in General Motors Company $GM

Key Points

• Focus Partners Advisor Solutions LLC significantly increased its stake in General Motors by 279.4%, acquiring an additional 25,502 shares and bringing its total holdings to 34,629 shares, valued at approximately $1.63 million.
• CEO Mary T. Barra sold over 900,000 shares of General Motors stock, reducing her ownership by 62.16%, while other executives also sold significant amounts of stock in recent transactions.
• General Motors declared a quarterly dividend of $0.15 per share, yielding approximately 1.0%, with an expected earnings per share (EPS) of 11.44 for the current year.

Focus Partners Advisor Solutions LLC lifted its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 279.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 34,629 shares of the auto manufacturer's stock after acquiring an additional 25,502 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in General Motors were worth $1,629,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Retirement Planning Co of New England Inc. purchased a new stake in General Motors during the 1st quarter worth about $221,000. Quarry LP purchased a new stake in General Motors during the 1st quarter worth about $57,000. Junto Capital Management LP lifted its holdings in General Motors by 3.0% during the 1st quarter. Junto Capital Management LP now owns 719,477 shares of the auto manufacturer's stock worth $33,837,000 after purchasing an additional 21,256 shares in the last quarter. Vident Advisory LLC lifted its holdings in General Motors by 38.7% during the 1st quarter. Vident Advisory LLC now owns 22,172 shares of the auto manufacturer's stock worth $1,043,000 after purchasing an additional 6,190 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in General Motors by 50.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,609,851 shares of the auto manufacturer's stock worth $122,741,000 after purchasing an additional 877,362 shares in the last quarter. Institutional investors own 92.67% of the company's stock.

Wall Street Analysts Forecast Growth

GM has been the topic of a number of recent research reports. Citigroup increased their price objective on General Motors from $59.00 to $61.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Wells Fargo & Company raised their price target on General Motors from $34.00 to $38.00 and gave the company an "underweight" rating in a report on Wednesday, July 23rd. Mizuho raised their price target on General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a report on Friday, May 16th. CLSA raised General Motors to a "moderate buy" rating in a report on Monday, July 7th. Finally, JPMorgan Chase & Co. raised their price target on General Motors from $56.00 to $60.00 and gave the company an "overweight" rating in a report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $58.05.

Insider Buying and Selling

In related news, EVP Rory Harvey sold 23,977 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the transaction, the executive vice president directly owned 8,513 shares in the company, valued at $451,274.13. This trade represents a 73.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Christopher Hatto sold 36,804 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $55.10, for a total value of $2,027,900.40. Following the transaction, the chief accounting officer owned 12,007 shares in the company, valued at approximately $661,585.70. The trade was a 75.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,070,311 shares of company stock worth $62,095,433 in the last ninety days. 0.54% of the stock is owned by insiders.

General Motors Trading Up 0.2%

GM traded up $0.09 on Friday, hitting $58.24. 7,376,091 shares of the company were exchanged, compared to its average volume of 6,137,410. The firm has a fifty day simple moving average of $54.46 and a two-hundred day simple moving average of $49.93. 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 12 month low of $41.60 and a 12 month high of $61.24. The stock has a market capitalization of $55.45 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 1.23 and a beta of 1.32.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings results 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. 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 for the quarter, compared to analyst estimates of $45.87 billion. During the same period last year, the company earned $3.06 EPS. General Motors's revenue for the quarter 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. Sell-side analysts expect that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

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

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.