General Motors Company $GM Stock Position Increased by Savant Capital LLC

Savant Capital LLC raised its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 6.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 235,832 shares of the auto manufacturer’s stock after purchasing an additional 13,365 shares during the period. Savant Capital LLC’s holdings in General Motors were worth $11,605,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on GM. Royal Bank Of Canada lifted their price objective on shares of General Motors from $77.00 to $86.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Zacks Research upgraded shares of General Motors from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Citigroup increased their price objective on shares of General Motors from $75.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Wells Fargo & Company boosted their target price on General Motors from $40.00 to $46.00 and gave the stock an “underweight” rating in a report on Wednesday, October 22nd. Finally, Industrial Alliance Securities set a $70.00 price target on shares of General Motors in a research report on Friday, July 11th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $70.00.

General Motors Stock Performance

GM stock opened at $70.72 on Friday. General Motors Company has a 12 month low of $41.60 and a 12 month high of $70.76. The firm has a 50 day moving average of $61.30 and a two-hundred day moving average of $54.55. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $65.97 billion, a price-to-earnings ratio of 14.23, a P/E/G ratio of 0.96 and a beta of 1.41.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.48. The business 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 1.62% and a return on equity of 12.29%. General Motors’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, equities analysts anticipate that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, December 5th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.8%. General Motors’s payout ratio is presently 12.07%.

Insider Transactions at General Motors

In other General Motors news, CEO Mary T. Barra sold 907,024 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $58.24, for a total transaction of $52,825,077.76. Following the completion of the transaction, the chief executive officer directly owned 552,238 shares in the company, valued at $32,162,341.12. This represents a 62.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Mark L. Reuss sold 260,600 shares of General Motors stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the completion of the transaction, the president owned 98,006 shares of the company’s stock, valued at $6,512,498.70. This trade represents a 72.67% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 2,327,144 shares of company stock valued at $139,521,852. Corporate insiders own 0.54% of the company’s stock.

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.