SVB Wealth LLC Decreases Stock Holdings in General Motors Company $GM

Key Points

• SVB Wealth LLC has reduced its stake in General Motors by 18.5%, selling 9,236 shares and leaving it with a total of 40,777 shares valued at approximately $1.9 million.
• General Motors recently announced a quarterly dividend of $0.15 per share, with a 1.0% dividend yield and a payout ratio of 9.52%.
• Recent analyst reports show mixed ratings for GM, with price targets ranging from $34.00 to $65.00, indicating a consensus rating of "Hold".

SVB Wealth LLC trimmed its stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 18.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,777 shares of the auto manufacturer's stock after selling 9,236 shares during the period. SVB Wealth LLC's holdings in General Motors were worth $1,918,000 as of its most recent filing with the Securities & Exchange Commission.

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

General Motors Stock Performance

GM opened at $58.3030 on Friday. 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 company has a 50 day simple moving average of $52.51 and a two-hundred day simple moving average of $49.20. General Motors Company has a 1-year low of $41.60 and a 1-year high of $61.24. The firm has a market cap 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 issued its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $45.87 billion. During the same quarter in the prior year, the business earned $3.06 earnings per share. General Motors's revenue for the quarter was down 1.8% on a year-over-year basis. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Equities analysts forecast that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, September 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.0%. General Motors's dividend payout ratio is currently 9.52%.

Insiders Place Their Bets

In related news, EVP Rory Harvey sold 23,977 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the completion of the transaction, the executive vice president 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Christopher Hatto sold 36,804 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $55.10, for a total transaction of $2,027,900.40. Following the transaction, the chief accounting officer owned 12,007 shares of the company's stock, valued at approximately $661,585.70. This represents a 75.40% decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

GM has been the subject of several recent research reports. Wells Fargo & Company boosted their target price on shares of General Motors from $34.00 to $38.00 and gave the company an "underweight" rating in a research report on Wednesday, July 23rd. Citigroup boosted their target price on shares of General Motors from $59.00 to $61.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada reiterated an "outperform" rating on shares of General Motors in a research report on Thursday, July 24th. Bank of America dropped their price target on shares of General Motors from $65.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Finally, Piper Sandler reiterated a "neutral" rating and issued a $48.00 price target (up from $43.00) on shares of General Motors in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $58.05.

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.

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