General Motors Company $GM Shares Bought by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management Co. increased its holdings in General Motors by 5.1%, owning 133,045 shares worth approximately $6.26 million as of its latest SEC filing.
• General Motors recently reported a quarterly EPS of $2.53, exceeding analysts' estimates, with a revenue of $47.12 billion, although this represents a 1.8% decline compared to the previous year.
• The company declared a quarterly dividend of $0.15 to be paid on September 18, contributing to a 1.0% yield based on current stock prices.

Northwestern Mutual Wealth Management Co. lifted its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 5.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 133,045 shares of the auto manufacturer's stock after acquiring an additional 6,425 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in General Motors were worth $6,257,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Measured Risk Portfolios Inc. acquired a new position in shares of General Motors during the fourth quarter worth about $27,000. Costello Asset Management INC purchased a new position in shares of General Motors during the 1st quarter worth $32,000. North Capital Inc. acquired a new stake in shares of General Motors during the first quarter worth $40,000. SouthState Corp grew its position in shares of General Motors by 914.4% in 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 during the period. Finally, Princeton Global Asset Management LLC increased its stake in General Motors by 141.0% in the first quarter. Princeton Global Asset Management LLC now owns 1,070 shares of the auto manufacturer's stock valued at $50,000 after purchasing an additional 626 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Christopher Hatto sold 36,804 shares of the stock in a transaction dated 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 owned 12,007 shares of the company's stock, valued at $661,585.70. This trade represents a 75.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rory Harvey sold 23,977 shares of the stock in a transaction dated 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 in the company, valued at approximately $451,274.13. This trade represents a 73.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,070,311 shares of company stock worth $62,095,433 in the last three months. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

GM has been the topic of a number of research analyst reports. Barclays raised their price target on General Motors from $45.00 to $55.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Piper Sandler reissued a "neutral" rating and issued a $48.00 target price (up from $43.00) on shares of General Motors in a research report on Thursday, May 22nd. Benchmark assumed coverage on shares of General Motors in a report on Monday, July 21st. They issued a "buy" rating and a $65.00 target price for the company. Sanford C. Bernstein set a $36.00 price target on shares of General Motors in a research note on Monday, May 5th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of General Motors in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $58.05.

General Motors Stock Up 0.3%

NYSE GM traded up $0.15 during trading hours on Friday, reaching $58.64. 4,971,207 shares of the company traded hands, compared to its average volume of 6,737,402. General Motors Company has a 12 month low of $41.60 and a 12 month 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. The stock has a market capitalization of $55.83 billion, a PE ratio of 9.31, a PEG ratio of 1.24 and a beta of 1.36. The company has a 50 day moving average of $53.53 and a two-hundred day moving average of $49.58.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, beating analysts' consensus estimates of $2.52 by $0.01. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The firm had revenue of $47.12 billion for the quarter, compared to the consensus estimate of $45.87 billion. During the same period in the prior year, the firm posted $3.06 EPS. The firm's revenue was down 1.8% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, equities analysts expect that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, September 5th will be issued 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 1.0%. General Motors's dividend payout ratio is 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.