Kaufman Rossin Wealth LLC Invests $599,000 in General Motors Company $GM

Key Points

• Kaufman Rossin Wealth LLC invested approximately $599,000 in General Motors, acquiring 12,743 shares in the first quarter of the year.
• General Motors reported $2.53 EPS for the last quarter, exceeding analysts' expectations of $2.52, alongside a yearly revenue decrease of 1.8%.
• The company announced a quarterly dividend of $0.15 per share, with an annualized yield of 1.1%, to be paid on September 18th to shareholders of record.

Kaufman Rossin Wealth LLC bought a new position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 12,743 shares of the auto manufacturer's stock, valued at approximately $599,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GM. Brighton Jones LLC lifted its position in General Motors by 456.1% in the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer's stock worth $2,062,000 after buying an additional 31,755 shares in the last quarter. First Trust Advisors LP lifted its position in General Motors by 12.8% in the 4th quarter. First Trust Advisors LP now owns 1,005,883 shares of the auto manufacturer's stock worth $53,583,000 after buying an additional 113,905 shares in the last quarter. Ossiam acquired a new position in shares of General Motors during the 4th quarter worth $44,000. MML Investors Services LLC increased its stake in shares of General Motors by 1.5% during the 4th quarter. MML Investors Services LLC now owns 141,066 shares of the auto manufacturer's stock worth $7,515,000 after purchasing an additional 2,066 shares during the last quarter. Finally, Transce3nd LLC acquired a new position in shares of General Motors during the 4th quarter worth $34,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Stock Performance

NYSE:GM traded up $1.7930 during midday trading on Friday, reaching $58.3030. The stock had a trading volume of 6,313,781 shares, compared to its average volume of 7,222,763. General Motors Company has a 1-year low of $41.60 and a 1-year high of $61.24. The firm's fifty day simple moving average is $52.51 and its 200-day simple moving average is $49.20. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05. The stock has a market capitalization of $55.51 billion, a P/E ratio of 9.25, a PEG ratio of 1.23 and a beta of 1.36.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.52 by $0.01. The business 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%. General Motors's revenue was down 1.8% compared to the same quarter last year. During the same period last year, the business posted $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, equities research analysts forecast that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The business also recently declared 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 is Friday, September 5th. General Motors's dividend payout ratio (DPR) is currently 9.52%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on GM shares. Sanford C. Bernstein set a $36.00 price target on shares of General Motors in a research note on Monday, May 5th. UBS Group increased their price target on shares of General Motors from $50.00 to $56.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. increased their price target on shares of General Motors from $56.00 to $60.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Wells Fargo & Company increased their price target on shares of General Motors from $34.00 to $38.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 23rd. Finally, Industrial Alliance Securities set a $70.00 price target on shares of General Motors in a research note on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $58.05.

Insider Buying and Selling at General Motors

In other General Motors news, CAO Christopher Hatto sold 36,804 shares of the firm's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $55.10, for a total value of $2,027,900.40. Following the sale, the chief accounting officer directly owned 12,007 shares in the company, valued at $661,585.70. This trade represents a 75.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 owned 8,513 shares in the company, valued at $451,274.13. This represents a 73.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.54% of the company's stock.

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.