Valeo Financial Advisors LLC Trims Position in General Motors Company $GM

Valeo Financial Advisors LLC cut its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 3.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,022 shares of the auto manufacturer’s stock after selling 823 shares during the quarter. Valeo Financial Advisors LLC’s holdings in General Motors were worth $985,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its holdings in General Motors by 456.1% during the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock worth $2,062,000 after purchasing an additional 31,755 shares during the period. UMB Bank n.a. increased its stake in shares of General Motors by 5.5% during the first quarter. UMB Bank n.a. now owns 8,293 shares of the auto manufacturer’s stock valued at $390,000 after buying an additional 434 shares during the period. Wedmont Private Capital increased its stake in shares of General Motors by 10.8% during the first quarter. Wedmont Private Capital now owns 11,041 shares of the auto manufacturer’s stock valued at $482,000 after buying an additional 1,073 shares during the period. OLD National Bancorp IN increased its stake in shares of General Motors by 18.4% during the first quarter. OLD National Bancorp IN now owns 8,035 shares of the auto manufacturer’s stock valued at $378,000 after buying an additional 1,248 shares during the period. Finally, Park Avenue Securities LLC increased its position in General Motors by 8.0% during the 1st quarter. Park Avenue Securities LLC now owns 51,663 shares of the auto manufacturer’s stock valued at $2,430,000 after purchasing an additional 3,814 shares during the period. 92.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GM has been the topic of a number of research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of General Motors in a research report on Saturday, September 27th. JPMorgan Chase & Co. lifted their price objective on shares of General Motors from $60.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, September 30th. Mizuho lifted their price target on General Motors from $58.00 to $67.00 and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Industrial Alliance Securities set a $70.00 price target on General Motors in a report on Friday, July 11th. Finally, Benchmark began coverage on General Motors in a research note on Monday, July 21st. They issued a “buy” rating and a $65.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $62.85.

Insider Activity at General Motors

In other news, CEO Mary T. Barra sold 753,720 shares of the business’s stock in a transaction on 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 $25,989,943.65. The trade was a 63.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Christopher Hatto sold 23,400 shares of the business’s stock in a transaction on 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 sale, the chief accounting officer directly owned 12,007 shares in the company, valued at $732,547.07. This trade represents a 66.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,074,824 shares of company stock worth $122,377,213 in the last quarter. 0.54% of the stock is currently owned by company insiders.

General Motors Stock Down 1.7%

Shares of GM stock opened at $57.18 on Wednesday. General Motors Company has a 1-year low of $41.60 and a 1-year high of $62.14. The stock’s fifty day moving average price is $57.41 and its 200 day moving average price is $51.67. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05. The company has a market cap of $54.44 billion, a price-to-earnings ratio of 9.08, a price-to-earnings-growth ratio of 1.23 and a beta of 1.33.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The firm had revenue of $47.12 billion for the quarter, compared to the consensus estimate of $45.87 billion. During the same period in the previous year, the business earned $3.06 EPS. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, research analysts expect that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, September 5th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, September 5th. General Motors’s payout ratio is currently 9.52%.

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.