TD Private Client Wealth LLC Cuts Holdings in General Motors Company $GM

Key Points

• TD Private Client Wealth LLC reduced its stake in General Motors by 21.6%, now owning 22,109 shares valued at approximately $1.09 million.
• Insider trading includes significant share sales by CAO Christopher Hatto and CEO Mary T. Barra, with Barra offloading 907,024 shares worth over $52 million.
• Analysts maintain a consensus rating of "Moderate Buy" for General Motors, with an average target price of $61.53.

TD Private Client Wealth LLC trimmed its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 21.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,109 shares of the auto manufacturer's stock after selling 6,090 shares during the quarter. TD Private Client Wealth LLC's holdings in General Motors were worth $1,088,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of GM. AQR Capital Management LLC grew its holdings in General Motors by 146.8% in the first quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer's stock worth $629,196,000 after purchasing an additional 8,012,743 shares during the last quarter. Vanguard Group Inc. grew its holdings in General Motors by 6.9% in the first quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer's stock worth $4,672,023,000 after purchasing an additional 6,395,375 shares during the last quarter. Nuveen LLC purchased a new position in General Motors in the first quarter worth $175,889,000. Kingstone Capital Partners Texas LLC purchased a new position in General Motors in the second quarter worth $125,583,000. Finally, Assenagon Asset Management S.A. grew its holdings in General Motors by 305.6% in the first quarter. Assenagon Asset Management S.A. now owns 2,858,959 shares of the auto manufacturer's stock worth $134,457,000 after purchasing an additional 2,154,037 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other General Motors news, CAO Christopher Hatto sold 36,804 shares of the company's 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 completion of the transaction, the chief accounting officer owned 12,007 shares in the company, valued at approximately $661,585.70. This represents a 75.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mary T. Barra sold 907,024 shares of the company'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 completion of the transaction, the chief executive officer owned 552,238 shares of the company's stock, valued at approximately $32,162,341.12. This trade represents a 62.16% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,044,824 shares of company stock worth $120,540,709. 0.54% of the stock is currently owned by insiders.

General Motors Trading Up 1.1%

NYSE GM opened at $61.24 on Friday. The company has a market capitalization of $58.31 billion, a PE ratio of 9.72, a P/E/G ratio of 1.28 and a beta of 1.32. The company has a fifty day moving average of $56.38 and a 200 day moving average of $51.12. General Motors Company has a 1 year low of $41.60 and a 1 year high of $61.98. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its earnings results 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. The company had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The firm's quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.06 earnings per share. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Research analysts forecast that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, September 5th were given a $0.15 dividend. The ex-dividend date was 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 9.52%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GM. Bank of America cut their price target on shares of General Motors from $65.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Wells Fargo & Company lifted their price target on shares of General Motors from $34.00 to $38.00 and gave the stock an "underweight" rating in a report on Wednesday, July 23rd. UBS Group raised shares of General Motors from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $56.00 to $81.00 in a report on Wednesday. The Goldman Sachs Group reissued a "buy" rating on shares of General Motors in a report on Friday, July 11th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of General Motors in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $61.53.

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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