NorthRock Partners LLC Purchases 11,805 Shares of General Motors Company $GM

Key Points

• NorthRock Partners LLC increased its holdings in General Motors Company by 83.5%, acquiring an additional 11,805 shares in the second quarter, bringing their total ownership to 25,943 shares valued at $1,277,000.
• CEO Mary T. Barra and President Mark L. Reuss sold significant portions of their shares on August 28 and September 25, resulting in a 62.16% and 50.96% decrease in their respective holdings.
• General Motors has received several analyst upgrades, with stock price targets raised to as high as $80.00, reflecting a positive sentiment in the market despite a slight revenue decline in their most recent quarterly report.

NorthRock Partners LLC grew its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 83.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 25,943 shares of the auto manufacturer's stock after acquiring an additional 11,805 shares during the quarter. NorthRock Partners LLC's holdings in General Motors were worth $1,277,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Sowell Financial Services LLC boosted its position in shares of General Motors by 2.9% during the 2nd quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer's stock valued at $336,000 after acquiring an additional 195 shares during the last quarter. ICONIQ Capital LLC raised its holdings in General Motors by 4.2% during the 1st 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 raised its holdings in General Motors by 0.3% during the 1st 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 raised its holdings in General Motors by 14.4% during the 1st 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 raised its holdings in General Motors by 3.6% during the 1st 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. 92.67% of the stock is currently owned by institutional investors.

Insider Transactions at General Motors

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

Analyst Upgrades and Downgrades

GM has been the topic of several recent research reports. Wedbush increased their price target on General Motors from $55.00 to $65.00 and gave the company an "outperform" rating in a report on Tuesday, August 19th. CLSA upgraded General Motors to a "moderate buy" rating in a report on Monday, July 7th. Evercore ISI increased their price target on General Motors from $55.00 to $68.00 and gave the company an "outperform" rating in a report on Monday. Benchmark started coverage on General Motors in a report on Monday, July 21st. They set a "buy" rating and a $65.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their target price on General Motors from $60.00 to $80.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, General Motors has a consensus rating of "Moderate Buy" and an average price target of $65.00.

General Motors Stock Performance

Shares of General Motors stock opened at $55.63 on Tuesday. The firm has a market cap of $52.96 billion, a P/E ratio of 8.83, a P/E/G ratio of 1.17 and a beta of 1.33. 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 Company has a 12 month low of $41.60 and a 12 month high of $62.14. The stock'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 announced its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, beating the consensus estimate of $2.52 by $0.01. The firm had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.06 earnings per share. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, equities research analysts expect that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, September 5th were paid a dividend of $0.15 per share. The ex-dividend date was 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%.

General Motors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.