General Motors Company $GM Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. decreased its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 89.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,687 shares of the auto manufacturer’s stock after selling 46,902 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in General Motors were worth $280,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Trust Co. of Toledo NA OH acquired a new position in shares of General Motors during the 2nd quarter valued at $25,000. GFG Capital LLC acquired a new position in shares of General Motors during the 2nd quarter valued at $27,000. RMG Wealth Management LLC acquired a new position in shares of General Motors during the 2nd quarter valued at $32,000. Costello Asset Management INC acquired a new position in shares of General Motors during the 1st quarter valued at $32,000. Finally, WPG Advisers LLC purchased a new stake in General Motors during the 1st quarter worth $34,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Price Performance

GM opened at $66.59 on Wednesday. The company has a 50-day moving average of $58.38 and a 200-day moving average of $52.34. The company has a market capitalization of $63.40 billion, a P/E ratio of 10.57, a PEG ratio of 1.71 and a beta of 1.33. General Motors Company has a 1-year low of $41.60 and a 1-year high of $67.55. 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 released its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.48. The company had revenue of $48.59 billion during the quarter, compared to the consensus estimate of $44.60 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The company’s revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Equities analysts expect that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, December 5th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, December 5th. General Motors’s dividend payout ratio is currently 9.52%.

Insider Buying and Selling at General Motors

In related news, CAO Christopher Hatto sold 23,400 shares of the business’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $61.01, for a total transaction of $1,427,634.00. Following the completion of the sale, the chief accounting officer owned 12,007 shares of the company’s stock, valued at $732,547.07. This represents a 66.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mary T. Barra sold 753,720 shares of the business’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $59.95, for a total transaction of $45,185,514.00. Following the sale, the chief executive officer directly owned 433,527 shares of the company’s stock, valued at approximately $25,989,943.65. This represents a 63.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,074,824 shares of company stock worth $122,377,213 in the last quarter. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Barclays lifted their price target on shares of General Motors from $73.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Cowen reaffirmed a “buy” rating on shares of General Motors in a research note on Tuesday. The Goldman Sachs Group reaffirmed a “buy” rating on shares of General Motors in a research note on Tuesday. Bank of America dropped their price target on shares of General Motors from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Finally, Benchmark assumed coverage on shares of General Motors in a research note on Monday, July 21st. They set a “buy” rating and a $65.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $66.40.

General Motors Company 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.