Kaufman Rossin Wealth LLC Invests $599,000 in General Motors Company $GM

Kaufman Rossin Wealth LLC purchased a new position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 12,743 shares of the auto manufacturer’s stock, valued at approximately $599,000.

Several other large investors also recently bought and sold shares of GM. Vanguard Group Inc. lifted its holdings in shares of General Motors by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer’s stock valued at $4,672,023,000 after purchasing an additional 6,395,375 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in General Motors by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 14,383,079 shares of the auto manufacturer’s stock valued at $676,322,000 after buying an additional 316,196 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of General Motors by 4.5% in the first quarter. Invesco Ltd. now owns 13,746,152 shares of the auto manufacturer’s stock valued at $646,482,000 after acquiring an additional 594,217 shares during the period. Northern Trust Corp grew its position in shares of General Motors by 8.1% during the fourth quarter. Northern Trust Corp now owns 10,930,178 shares of the auto manufacturer’s stock worth $582,251,000 after acquiring an additional 822,454 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in General Motors by 12.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,447,099 shares of the auto manufacturer’s stock valued at $444,297,000 after purchasing an additional 1,020,386 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of General Motors in a research report on Friday, July 11th. BNP Paribas raised General Motors to a “strong-buy” rating in a report on Monday, May 5th. Benchmark began coverage on General Motors in a research note on Monday, July 21st. They set a “buy” rating and a $65.00 price objective for the company. UBS Group lifted their target price on General Motors from $50.00 to $56.00 and gave the company a “neutral” rating in a research note on Monday, July 14th. Finally, CLSA upgraded shares of General Motors to a “moderate buy” rating in a research report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $58.05.

General Motors Stock Performance

NYSE:GM opened at $56.8050 on Thursday. The firm’s fifty day simple moving average is $52.17 and its 200-day simple moving average is $49.06. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42. The stock 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 Company has a fifty-two week low of $41.60 and a fifty-two week high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS 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 for the quarter, compared to the consensus estimate of $45.87 billion. During the same quarter in the previous year, the firm earned $3.06 earnings per share. The firm’s revenue was down 1.8% on a year-over-year basis. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Analysts expect that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, September 5th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, September 5th. General Motors’s payout ratio is presently 9.52%.

Insider Buying and Selling at General Motors

In other General Motors news, CAO Christopher Hatto sold 36,804 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $55.10, for a total transaction of $2,027,900.40. Following the completion of the transaction, the chief accounting officer directly owned 12,007 shares in the company, valued at approximately $661,585.70. This trade represents a 75.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Rory Harvey sold 23,977 shares of the company’s stock in a transaction dated 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 sale, the executive vice president directly owned 8,513 shares in the company, valued at $451,274.13. This trade represents a 73.80% decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

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.