Atria Wealth Solutions Inc. Has $2.47 Million Stock Holdings in General Motors Company (NYSE:GM)

Key Points

• Atria Wealth Solutions Inc. reduced its holdings in General Motors by 21.4% in the first quarter, owning 52,589 shares valued at approximately $2.47 million as of its latest SEC filing.
• General Motors reported $2.53 EPS for the latest quarter, exceeding expectations, with total revenue of $47.12 billion, but a 1.8% decrease compared to the previous year.
• The company has declared a quarterly dividend of $0.15 per share, with a payout ratio of 9.52%, set to be paid on September 18th to shareholders on record as of September 5th.

Atria Wealth Solutions Inc. reduced its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 21.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,589 shares of the auto manufacturer's stock after selling 14,349 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in General Motors were worth $2,473,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Operose Advisors LLC increased its stake in General Motors by 18.7% in the fourth quarter. Operose Advisors LLC now owns 1,413 shares of the auto manufacturer's stock valued at $75,000 after purchasing an additional 223 shares during the last quarter. Bessemer Group Inc. increased its stake in General Motors by 0.4% in the fourth quarter. Bessemer Group Inc. now owns 53,619 shares of the auto manufacturer's stock valued at $2,856,000 after purchasing an additional 226 shares during the last quarter. Hohimer Wealth Management LLC increased its stake in 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 purchasing an additional 230 shares during the last quarter. HHM Wealth Advisors LLC increased its stake in 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 purchasing an additional 232 shares during the last quarter. Finally, Aaron Wealth Advisors LLC increased its stake in 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 purchasing an additional 235 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on GM. BNP Paribas upgraded General Motors to a "strong-buy" rating in a research note on Monday, May 5th. Industrial Alliance Securities set a $70.00 price target on General Motors in a research note on Friday, July 11th. Royal Bank Of Canada restated an "outperform" rating on shares of General Motors in a research note on Thursday, July 24th. UBS Group upped their price target on General Motors from $50.00 to $56.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of General Motors in a research note on Friday, July 11th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, General Motors presently has an average rating of "Hold" and a consensus price target of $57.53.

General Motors Stock Performance

Shares of General Motors stock traded up $1.55 on Wednesday, reaching $55.71. 3,391,735 shares of the company were exchanged, compared to its average volume of 11,951,327. 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 company's 50-day moving average is $51.18 and its two-hundred day moving average is $48.82. The firm has a market cap of $53.04 billion, a price-to-earnings ratio of 8.84, a P/E/G ratio of 1.14 and a beta of 1.36. General Motors Company has a 1-year low of $41.60 and a 1-year high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $45.87 billion. During the same period in the prior year, the firm earned $3.06 EPS. The business's quarterly revenue was down 1.8% on a year-over-year basis. As a group, research analysts expect that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. General Motors's dividend payout ratio (DPR) is currently 9.52%.

Insider Buying and Selling at General Motors

In other news, EVP Rory Harvey sold 23,977 shares of the firm's stock in a transaction 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 completion of the sale, the executive vice president directly owned 8,513 shares of the company's stock, 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 SEC, which is available through this link. 0.54% of the stock is currently owned by corporate 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.