Krilogy Financial LLC Makes New Investment in General Motors Company $GM

Key Points

• Krilogy Financial LLC invested approximately $838,000 in General Motors, acquiring 17,032 shares in the second quarter.
• General Motors reported a quarterly earnings per share of $2.53, slightly exceeding analyst expectations, with a revenue of $47.12 billion.
• The company announced a quarterly dividend of $0.15 per share, which will be paid to stockholders on September 18th, reflecting an annual yield of 1.0%.

Krilogy Financial LLC acquired a new stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,032 shares of the auto manufacturer's stock, valued at approximately $838,000.

A number of other hedge funds have also made changes to their positions in GM. Costello Asset Management INC acquired a new stake in General Motors during the 1st quarter valued at $32,000. WPG Advisers LLC acquired a new position in shares of General Motors in the 1st quarter worth approximately $34,000. North Capital Inc. acquired a new position in shares of General Motors in the 1st quarter worth approximately $40,000. Banque Transatlantique SA purchased a new position in shares of General Motors in the first quarter worth approximately $40,000. Finally, SouthState Corp grew its position in General Motors by 914.4% during the first quarter. SouthState Corp now owns 984 shares of the auto manufacturer's stock valued at $46,000 after purchasing an additional 887 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

Insider Activity

In other news, EVP Rory Harvey sold 4,459 shares of the company's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $59.95, for a total value of $267,317.05. Following the completion of the sale, the executive vice president directly owned 8,513 shares in the company, valued at $510,354.35. This represents a 34.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Christopher Hatto sold 14,667 shares of the company's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $59.00, for a total value of $865,353.00. Following the transaction, the chief accounting officer owned 12,007 shares in the company, valued at $708,413. This trade represents a 54.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,104,256 shares of company stock worth $64,129,551 over the last ninety days. Corporate insiders own 0.54% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on GM. Wells Fargo & Company upped their target price on shares of General Motors from $34.00 to $38.00 and gave the company an "underweight" rating in a research note on Wednesday, July 23rd. Industrial Alliance Securities set a $70.00 price target on shares of General Motors in a research note on Friday, July 11th. JPMorgan Chase & Co. boosted their target price on shares of General Motors from $56.00 to $60.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Bank of America lowered their target price on General Motors from $65.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, July 23rd. Finally, Wedbush upped their target price on General Motors from $55.00 to $65.00 and gave the company an "outperform" rating in a report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, General Motors has a consensus rating of "Moderate Buy" and a consensus price target of $59.00.

General Motors Trading Down 0.5%

Shares of GM stock traded down $0.32 on Friday, reaching $58.94. 13,158,591 shares of the company's stock were exchanged, compared to its average volume of 6,247,494. The company's fifty day simple moving average is $55.71 and its 200 day simple moving average is $50.72. The stock has a market capitalization of $56.12 billion, a PE ratio of 9.36, a P/E/G ratio of 1.24 and a beta of 1.32. General Motors Company has a 52 week low of $41.60 and a 52 week high of $61.24. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42.

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 EPS for the quarter, topping 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 company had revenue of $47.12 billion for the quarter, compared to the consensus estimate of $45.87 billion. During the same period last year, the business posted $3.06 EPS. 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. As a group, analysts forecast that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, September 5th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, September 5th. General Motors's payout ratio is 9.52%.

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.