General Motors Company $GM Stock Holdings Increased by Verdence Capital Advisors LLC

Key Points

• Verdence Capital Advisors LLC increased its General Motors holdings by 25.3% in Q2, owning 37,543 shares now valued at $1.84 million.
• General Motors reported quarterly earnings with $2.53 EPS, beating estimates, and a 1.8% year-over-year revenue decline.
• Insider trading included significant stock sales, such as CEO Mary T. Barra selling 907,024 shares, representing a 62.16% decrease in her ownership.

Verdence Capital Advisors LLC raised its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 25.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,543 shares of the auto manufacturer's stock after acquiring an additional 7,571 shares during the period. Verdence Capital Advisors LLC's holdings in General Motors were worth $1,847,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Sowell Financial Services LLC lifted its holdings in shares of General Motors by 2.9% in the second quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer's stock valued at $336,000 after buying an additional 195 shares during the period. ICONIQ Capital LLC lifted its holdings in shares of General Motors by 4.2% in the first quarter. ICONIQ Capital LLC now owns 5,434 shares of the auto manufacturer's stock valued at $256,000 after buying an additional 220 shares during the period. Hohimer Wealth Management LLC lifted its holdings in shares of General Motors by 0.3% in the first quarter. Hohimer Wealth Management LLC now owns 70,377 shares of the auto manufacturer's stock valued at $3,310,000 after buying an additional 230 shares during the period. HHM Wealth Advisors LLC lifted its holdings in shares of General Motors by 14.4% in the first quarter. HHM Wealth Advisors LLC now owns 1,838 shares of the auto manufacturer's stock valued at $86,000 after buying an additional 232 shares during the period. Finally, Aaron Wealth Advisors LLC lifted its holdings in shares of General Motors by 3.6% in the first quarter. Aaron Wealth Advisors LLC now owns 6,709 shares of the auto manufacturer's stock valued at $316,000 after buying an additional 235 shares during the period. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors Stock Up 0.5%

NYSE:GM opened at $55.63 on Tuesday. The firm has a market capitalization of $52.96 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 1.17 and a beta of 1.33. General Motors Company has a 1-year low of $41.60 and a 1-year high of $62.14. 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 business's fifty day moving average price is $57.67 and its 200 day moving average price is $51.85.

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 for the quarter, beating 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 firm had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. During the same period in the previous year, the firm earned $3.06 earnings per share. General Motors's quarterly 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. On average, sell-side analysts forecast that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders 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 is presently 9.52%.

Insider Transactions at General Motors

In other General Motors news, President Mark L. Reuss sold 136,161 shares of the company's stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $60.12, for a total value of $8,185,999.32. Following the transaction, the president directly owned 131,036 shares of the company's stock, valued at $7,877,884.32. This represents a 50.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mary T. Barra sold 907,024 shares of the company's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $58.24, for a total value of $52,825,077.76. Following the completion of the transaction, the chief executive officer directly owned 552,238 shares in the company, valued at approximately $32,162,341.12. The trade was a 62.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,074,824 shares of company stock valued at $122,377,213. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on GM shares. Jefferies Financial Group upped their price objective on General Motors from $50.00 to $55.00 and gave the company a "hold" rating in a report on Monday, October 6th. JPMorgan Chase & Co. upped their target price on General Motors from $60.00 to $80.00 and gave the company an "overweight" rating in a report on Tuesday, September 30th. 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. Benchmark assumed coverage on General Motors in a report on Monday, July 21st. They set a "buy" rating and a $65.00 target price for the company. Finally, The Goldman Sachs Group upped their target price on General Motors from $70.00 to $74.00 and gave the company a "buy" rating in a report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $65.00.

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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