General Motors Company $GM Shares Acquired by Arete Wealth Advisors LLC

Key Points

• Arete Wealth Advisors LLC increased its stake in General Motors by 281.1% during the first quarter, owning 17,090 shares valued at $804,000.
• General Motors reported $2.53 earnings per share for the most recent quarter, slightly beating analysts' expectations, but its revenue decreased by 1.8% compared to the same quarter last year.
• The company announced a quarterly dividend of $0.15 per share, with an annual yield of 1.0%, to be paid on September 18th to shareholders recorded by September 5th.

Arete Wealth Advisors LLC boosted its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 281.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,090 shares of the auto manufacturer's stock after purchasing an additional 12,606 shares during the period. Arete Wealth Advisors LLC's holdings in General Motors were worth $804,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GM. Measured Risk Portfolios Inc. acquired a new stake in General Motors during the fourth quarter valued at approximately $27,000. Costello Asset Management INC acquired a new stake in General Motors during the first quarter valued at approximately $32,000. WPG Advisers LLC acquired a new stake in shares of General Motors during the first quarter valued at approximately $34,000. North Capital Inc. acquired a new stake in shares of General Motors during the first quarter valued at approximately $40,000. Finally, Banque Transatlantique SA acquired a new stake in shares of General Motors during the first quarter valued at approximately $40,000. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Stock Down 0.2%

General Motors stock opened at $58.08 on Wednesday. The firm has a market cap of $55.30 billion, a PE ratio of 9.22, a P/E/G ratio of 1.23 and a beta of 1.32. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22. The firm's 50 day moving average price is $54.76 and its two-hundred day moving average price is $50.10. General Motors Company has a twelve month low of $41.60 and a twelve month high of $61.24.

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

General Motors Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Industrial Alliance Securities set a $70.00 price target on shares of General Motors in a report on Friday, July 11th. Mizuho boosted their price target on shares of General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a report on Friday, May 16th. The Goldman Sachs Group restated a "buy" rating on shares of General Motors in a report on Friday, July 11th. Barclays boosted their price target on shares of General Motors from $45.00 to $55.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Finally, Benchmark assumed coverage on shares of General Motors in a report on Monday, July 21st. They set a "buy" rating and a $65.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $58.05.

Insiders Place Their Bets

In other General Motors news, CEO Mary T. Barra sold 87,839 shares of the business's stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $58.13, for a total value of $5,106,081.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $865,353.00. Following the completion of the sale, the chief accounting officer directly owned 12,007 shares of the company's stock, valued at $708,413. This represents a 54.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,070,311 shares of company stock valued at $62,095,433 over the last ninety days. 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.

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