General Motors Company $GM Shares Bought by Sequoia Financial Advisors LLC

Key Points

• Sequoia Financial Advisors LLC increased its stake in General Motors by 9.9% during Q2, owning 52,609 shares valued at approximately $2.59 million.
• Insiders, including CEO Mary T. Barra, sold over 2 million shares of GM stock in recent transactions, indicating a significant decrease in their ownership percentages.
• General Motors announced a quarterly dividend of $0.15 per share, reflecting an annual yield of 1.0% and a dividend payout ratio of 9.52%.

Sequoia Financial Advisors LLC raised its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 9.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,609 shares of the auto manufacturer's stock after acquiring an additional 4,739 shares during the quarter. Sequoia Financial Advisors LLC's holdings in General Motors were worth $2,589,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Trust Co. of Toledo NA OH acquired a new stake in General Motors during the 2nd quarter worth about $25,000. GFG Capital LLC acquired a new stake in General Motors during the 2nd quarter worth about $27,000. RMG Wealth Management LLC acquired a new stake in General Motors during the 2nd quarter worth about $32,000. Costello Asset Management INC acquired a new stake in General Motors during the 1st quarter worth about $32,000. Finally, WPG Advisers LLC acquired a new position in shares of General Motors in the 1st quarter valued at about $34,000. Institutional investors and hedge funds own 92.67% of the company's stock.

Insider Buying and Selling

In other General Motors news, CAO Christopher Hatto sold 23,400 shares of the company's stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $61.01, for a total transaction of $1,427,634.00. Following the completion of the sale, the chief accounting officer owned 12,007 shares of the company's stock, valued at $732,547.07. This represents a 66.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mary T. Barra sold 753,720 shares of the stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $59.95, for a total value of $45,185,514.00. Following the completion of the sale, the chief executive officer directly owned 433,527 shares of the company's stock, valued at $25,989,943.65. This represents a 63.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,074,824 shares of company stock worth $122,377,213 over the last ninety days. Company insiders own 0.54% of the company's stock.

General Motors Stock Up 1.3%

Shares of General Motors stock opened at $57.88 on Thursday. The stock has a market capitalization of $55.10 billion, a P/E ratio of 9.19, a PEG ratio of 1.20 and a beta of 1.33. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42. The stock has a 50 day moving average price of $57.86 and a two-hundred day moving average price of $51.93. General Motors Company has a 12-month low of $41.60 and a 12-month high of $62.14.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.52 by $0.01. The firm had revenue of $47.12 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.06 earnings per share. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Equities 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 announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, September 5th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. General Motors's dividend payout ratio is presently 9.52%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GM. Bank of America dropped their target price on General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Mizuho upped their target price on General Motors from $58.00 to $67.00 and gave the company an "outperform" rating in a report on Tuesday, September 23rd. Royal Bank Of Canada reiterated an "outperform" rating and issued a $77.00 target price on shares of General Motors in a report on Friday, October 10th. Weiss Ratings reiterated a "buy (b-)" rating on shares of General Motors in a report on Wednesday, October 8th. Finally, Jefferies Financial Group upped their target price on General Motors from $50.00 to $55.00 and gave the company a "hold" rating in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, General Motors presently has a consensus rating of "Moderate Buy" and a consensus target price of $65.00.

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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