Arkadios Wealth Advisors Has $2.03 Million Stock Holdings in General Motors Company $GM

Arkadios Wealth Advisors grew its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 90.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 41,168 shares of the auto manufacturer’s stock after acquiring an additional 19,570 shares during the quarter. Arkadios Wealth Advisors’ holdings in General Motors were worth $2,026,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Sowell Financial Services LLC increased its holdings in General Motors by 2.9% in the second quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer’s stock worth $336,000 after buying an additional 195 shares during the last quarter. Mayflower Financial Advisors LLC raised its holdings in General Motors by 4.1% during the second quarter. Mayflower Financial Advisors LLC now owns 5,163 shares of the auto manufacturer’s stock valued at $254,000 after buying an additional 205 shares in the last quarter. ICONIQ Capital LLC raised its holdings in 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 in the last quarter. Hohimer Wealth Management LLC raised its holdings in 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 in the last quarter. Finally, HHM Wealth Advisors LLC increased its holdings in shares of General Motors by 14.4% during the 1st quarter. HHM Wealth Advisors LLC now owns 1,838 shares of the auto manufacturer’s stock valued at $86,000 after acquiring an additional 232 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Price Performance

General Motors stock opened at $68.69 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. General Motors Company has a 12-month low of $41.60 and a 12-month high of $70.24. The stock has a market cap of $64.07 billion, a price-to-earnings ratio of 13.82, a P/E/G ratio of 0.96 and a beta of 1.33. The business’s 50-day simple moving average is $60.09 and its 200 day simple moving average is $53.54.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.48. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The firm had revenue of $48.59 billion for the quarter, compared to analysts’ expectations of $44.60 billion. During the same quarter last year, the business earned $2.96 earnings per share. The company’s revenue was down .3% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, research analysts anticipate that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, December 5th will be paid a $0.15 dividend. The ex-dividend date is Friday, December 5th. This represents a $0.60 annualized dividend and a yield of 0.9%. General Motors’s payout ratio is presently 12.07%.

Insider Buying and Selling

In other General Motors news, CEO Mary T. Barra sold 753,720 shares of the stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $59.95, for a total value of $45,185,514.00. Following the transaction, the chief executive officer directly owned 433,527 shares of the company’s stock, valued at $25,989,943.65. This represents a 63.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Christopher Hatto sold 15,697 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $70.00, for a total transaction of $1,098,790.00. Following the transaction, the chief accounting officer directly owned 12,007 shares in the company, valued at approximately $840,490. This represents a 56.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 2,351,121 shares of company stock worth $140,792,873. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. TD Cowen increased their price objective on General Motors from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Zacks Research upgraded General Motors from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Jefferies Financial Group raised their target price on General Motors from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, October 6th. Bank of America decreased 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 report on Wednesday, July 23rd. Finally, Argus set a $78.00 price objective on General Motors in a report on Thursday, October 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.00.

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.