General Motors Company $GM Stock Holdings Increased by Summit Financial LLC

Summit Financial LLC boosted its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 1.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 177,886 shares of the auto manufacturer’s stock after buying an additional 2,019 shares during the quarter. Summit Financial LLC’s holdings in General Motors were worth $8,366,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Measured Risk Portfolios Inc. bought a new stake in General Motors in the fourth quarter valued at about $27,000. Transce3nd LLC bought a new stake in General Motors in the fourth quarter valued at about $34,000. Costello Asset Management INC bought a new stake in General Motors in the first quarter valued at about $32,000. Ossiam bought a new stake in General Motors in the fourth quarter valued at about $44,000. Finally, North Capital Inc. bought a new stake in General Motors in the first quarter valued at about $40,000. 92.67% of the stock is owned by institutional investors.

General Motors Price Performance

Shares of NYSE:GM opened at $56.8050 on Thursday. General Motors Company has a one year low of $41.60 and a one year high of $61.24. The stock has a fifty day moving average of $52.17 and a 200-day moving average of $49.06. The company has a market capitalization 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. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22.

General Motors (NYSE:GM) (TSE:GMM.U) last announced 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 return on equity of 12.98% and a net margin of 2.54%.The company had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $45.87 billion. During the same quarter in the prior year, the firm earned $3.06 EPS. 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. As a group, equities analysts anticipate that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.60 dividend on an annualized basis and a yield of 1.1%. General Motors’s dividend payout ratio (DPR) is currently 9.52%.

Wall Street Analyst Weigh In

Several research firms have recently commented on GM. The Goldman Sachs Group reaffirmed a “buy” rating on shares of General Motors in a report on Friday, July 11th. Industrial Alliance Securities set a $70.00 target price on General Motors in a report on Friday, July 11th. BNP Paribas raised General Motors to a “strong-buy” rating in a report on Monday, May 5th. UBS Group upped their target price on General Motors from $50.00 to $56.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Finally, JPMorgan Chase & Co. upped their target price on General Motors from $56.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, July 21st. One 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $58.05.

Insiders Place Their Bets

In other news, EVP Rory Harvey sold 23,977 shares of the stock in a transaction 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 completion of the sale, the executive vice president owned 8,513 shares in the company, valued at $451,274.13. This represents a 73.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Christopher Hatto sold 36,804 shares of the stock in a transaction on 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 sale, the chief accounting officer owned 12,007 shares of the company’s stock, valued at $661,585.70. The trade was a 75.40% decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

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.