DekaBank Deutsche Girozentrale Sells 3,136 Shares of General Motors Company $GM

DekaBank Deutsche Girozentrale lessened its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 0.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 478,958 shares of the auto manufacturer’s stock after selling 3,136 shares during the period. DekaBank Deutsche Girozentrale owned 0.05% of General Motors worth $23,888,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the business. Sowell Financial Services LLC lifted its holdings in shares of General Motors by 2.9% in the 2nd quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer’s stock valued at $336,000 after acquiring an additional 195 shares during the last quarter. ICONIQ Capital LLC grew its stake in shares of General Motors by 4.2% during the first quarter. ICONIQ Capital LLC now owns 5,434 shares of the auto manufacturer’s stock valued at $256,000 after buying an additional 220 shares during the last quarter. Hohimer Wealth Management LLC grew its stake in shares of General Motors by 0.3% during the first quarter. Hohimer Wealth Management LLC now owns 70,377 shares of the auto manufacturer’s stock valued at $3,310,000 after buying an additional 230 shares during the last quarter. HHM Wealth Advisors LLC grew its stake in shares of General Motors by 14.4% during the first quarter. HHM Wealth Advisors LLC now owns 1,838 shares of the auto manufacturer’s stock valued at $86,000 after buying an additional 232 shares during the last quarter. Finally, Aaron Wealth Advisors LLC grew its stake in shares of General Motors by 3.6% during the first quarter. Aaron Wealth Advisors LLC now owns 6,709 shares of the auto manufacturer’s stock valued at $316,000 after buying an additional 235 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

General Motors Stock Performance

Shares of NYSE:GM opened at $67.19 on Thursday. The firm has a market cap of $63.97 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33. The firm’s 50 day simple moving average is $58.61 and its 200-day simple moving average is $52.45. General Motors Company has a one year low of $41.60 and a one year high of $67.59. 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 issued its quarterly earnings data on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.48. The company had revenue of $48.59 billion for the quarter, compared to analyst estimates of $44.60 billion. General Motors had a net margin of 1.62% and a return on equity of 12.36%. General Motors’s revenue was down .3% compared to the same quarter last year. During the same period last year, the company posted $2.96 earnings per share. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, equities analysts predict that General Motors Company will post 11.44 EPS for the current 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 issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, December 5th. General Motors’s dividend payout ratio (DPR) is presently 12.07%.

Insider Buying and Selling at General Motors

In related news, EVP Rory Harvey sold 23,977 shares of General Motors stock in a transaction that occurred 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 transaction, the executive vice president directly owned 8,513 shares of the company’s stock, valued at $451,274.13. This trade represents a 73.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Christopher Hatto sold 36,804 shares of General Motors stock in a transaction that occurred on 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 transaction, the chief accounting officer directly owned 12,007 shares in the company, valued at approximately $661,585.70. The trade was a 75.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,074,824 shares of company stock valued at $122,377,213. 0.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on GM shares. Royal Bank Of Canada upped their target price on General Motors from $77.00 to $86.00 and gave the company an “outperform” rating in a research note on Wednesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of General Motors in a research note on Wednesday, October 8th. Citigroup upped their target price on General Motors from $61.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. JPMorgan Chase & Co. raised their target price on shares of General Motors from $60.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 30th. Finally, TD Cowen raised their target price on shares of General Motors from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $67.95.

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.