Steward Partners Investment Advisory LLC Grows Stake in General Motors Company $GM

Key Points

• Steward Partners Investment Advisory LLC increased its stake in General Motors (GM) by 94.0%, holding 72,129 shares valued at approximately $3.39 million.
• General Motors declared a $0.15 quarterly dividend set to be paid on September 18th, resulting in an annualized dividend of $0.60 and a yield of 1.1%.
• Equities research analysts have mixed ratings for GM, with target prices ranging from $36.00 to $70.00, reflecting an average target price of $58.05.

Steward Partners Investment Advisory LLC increased its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 94.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,129 shares of the auto manufacturer's stock after purchasing an additional 34,946 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in General Motors were worth $3,392,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC purchased a new stake in shares of General Motors during the fourth quarter worth about $25,404,000. Cassia Capital Partners LLC grew its position in shares of General Motors by 63.0% during the first quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer's stock worth $879,000 after purchasing an additional 7,221 shares in the last quarter. AustralianSuper Pty Ltd lifted its position in shares of General Motors by 38.9% in the first quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer's stock worth $287,428,000 after buying an additional 1,712,033 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in shares of General Motors in the first quarter worth about $312,000. Finally, Malaga Cove Capital LLC purchased a new stake in shares of General Motors in the first quarter worth about $292,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

Insider Activity at General Motors

In other news, EVP Rory Harvey sold 23,977 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total value of $1,271,020.77. Following the sale, the executive vice president directly owned 8,513 shares in the company, valued at approximately $451,274.13. This represents a 73.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Christopher Hatto sold 36,804 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $55.10, for a total value of $2,027,900.40. Following the completion of the sale, the chief accounting officer owned 12,007 shares in the company, valued at approximately $661,585.70. The trade was a 75.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Mizuho boosted their target price on General Motors from $53.00 to $58.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Sanford C. Bernstein set a $36.00 target price on General Motors in a research report on Monday, May 5th. Industrial Alliance Securities set a $70.00 target price on General Motors in a research report on Friday, July 11th. Barclays boosted their target price on General Motors from $45.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Finally, Bank of America decreased their target price on General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday, July 23rd. One equities 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 given a Sell rating to the company. According to data from MarketBeat, General Motors has an average rating of "Hold" and a consensus target price of $58.05.

General Motors Trading Down 0.4%

Shares of GM stock opened at $56.8050 on Thursday. General Motors Company has a 1 year low of $41.60 and a 1 year high of $61.24. 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's 50 day simple moving average is $52.17 and its two-hundred day simple moving average is $49.06. The company has a market cap of $54.08 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 1.21 and a beta of 1.36.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings data 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. 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 the consensus estimate of $45.87 billion. During the same period in the prior year, the business posted $3.06 earnings per share. The company's quarterly 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. Research analysts predict that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, September 5th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, September 5th. General Motors's dividend payout ratio is presently 9.52%.

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.

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