1,661 Shares in General Motors Company $GM Bought by Traub Capital Management LLC

Traub Capital Management LLC acquired a new stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,661 shares of the auto manufacturer’s stock, valued at approximately $82,000.

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

Insider Activity at General Motors

In other news, President Mark L. Reuss sold 260,600 shares of the company’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total value of $17,316,870.00. Following the completion of the sale, the president owned 98,006 shares in the company, valued at $6,512,498.70. This represents a 72.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mary T. Barra sold 907,024 shares of General Motors stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $58.24, for a total value of $52,825,077.76. Following the transaction, the chief executive officer directly owned 552,238 shares in the company, valued at approximately $32,162,341.12. The trade was a 62.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,298,064 shares of company stock worth $138,050,080 over the last quarter. 0.54% of the stock is currently owned by company insiders.

General Motors Stock Up 0.9%

GM opened at $68.55 on Thursday. The stock’s 50 day moving average price is $63.23 and its 200 day moving average price is $55.96. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.06. The stock has a market cap of $63.94 billion, a P/E ratio of 13.79, a P/E/G ratio of 0.96 and a beta of 1.41. General Motors Company has a 12 month low of $41.60 and a 12 month high of $72.87.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results 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 company had revenue of $48.59 billion during the quarter, compared to analysts’ expectations of $44.60 billion. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.96 earnings per share. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, research analysts predict that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders 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 is Friday, December 5th. General Motors’s payout ratio is 12.07%.

Analyst Upgrades and Downgrades

A number of research firms have commented on GM. Bank of America decreased their price objective on shares of General Motors from $65.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Jefferies Financial Group increased their price objective on shares of General Motors from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, October 6th. UBS Group raised their target price on shares of General Motors from $81.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Mizuho set a $76.00 price target on General Motors in a research report on Wednesday, October 22nd. Finally, Wedbush set a $75.00 price target on General Motors and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.00.

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.