Sigma Planning Corp Sells 3,272 Shares of General Motors Company $GM

Sigma Planning Corp cut its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 19.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,881 shares of the auto manufacturer’s stock after selling 3,272 shares during the period. Sigma Planning Corp’s holdings in General Motors were worth $683,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sowell Financial Services LLC lifted its stake 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 purchasing an additional 195 shares during the period. Mayflower Financial Advisors LLC grew its stake in General Motors by 4.1% in the second quarter. Mayflower Financial Advisors LLC now owns 5,163 shares of the auto manufacturer’s stock worth $254,000 after purchasing an additional 205 shares during the period. ICONIQ Capital LLC raised its holdings in General Motors by 4.2% in the first quarter. ICONIQ Capital LLC now owns 5,434 shares of the auto manufacturer’s stock worth $256,000 after purchasing an additional 220 shares in the last quarter. Hohimer Wealth Management LLC lifted its position 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 during the period. Finally, HHM Wealth Advisors LLC lifted its position in 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 period. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Insiders Place Their Bets

In other General Motors news, CAO Christopher Hatto sold 15,697 shares of the business’s stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $70.00, for a total value of $1,098,790.00. Following the completion of the transaction, the chief accounting officer owned 12,007 shares of the company’s stock, valued at approximately $840,490. The trade was a 56.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Rory Harvey sold 6,600 shares of the company’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $61.95, for a total transaction of $408,870.00. Following the transaction, the executive vice president owned 8,513 shares in the company, valued at $527,380.35. This represents a 43.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,327,144 shares of company stock valued at $139,521,852 over the last quarter. Corporate insiders own 0.54% of the company’s stock.

General Motors Price Performance

Shares of GM opened at $70.72 on Friday. General Motors Company has a twelve month low of $41.60 and a twelve month high of $70.76. The company has a market capitalization of $65.97 billion, a P/E ratio of 14.23, a price-to-earnings-growth ratio of 0.96 and a beta of 1.41. The firm has a 50 day moving average of $61.30 and a 200 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.

General Motors (NYSE:GM) (TSE:GMM.U) last released 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 business had revenue of $48.59 billion for 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 firm’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, equities research analysts anticipate that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

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 given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.8%. General Motors’s dividend payout ratio (DPR) is 12.07%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GM. Evercore ISI upped their target price on shares of General Motors from $55.00 to $68.00 and gave the stock an “outperform” rating in a research report on Monday, October 13th. Barclays upped their price objective on shares of General Motors from $77.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Bank of America decreased their target price on shares of General Motors from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Jefferies Financial Group boosted their price target on General Motors from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, October 6th. Finally, Weiss Ratings lowered General Motors from a “buy (b-)” rating to a “hold (c)” rating in a research report on Saturday, October 25th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.