SVB Wealth LLC Sells 27,847 Shares of General Motors Company $GM

SVB Wealth LLC lowered its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 68.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 12,930 shares of the auto manufacturer’s stock after selling 27,847 shares during the period. SVB Wealth LLC’s holdings in General Motors were worth $636,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Trust Co. of Toledo NA OH acquired a new position in General Motors during the 2nd quarter worth about $25,000. GFG Capital LLC bought a new position in shares of General Motors during the second quarter worth about $27,000. RMG Wealth Management LLC acquired a new position in shares of General Motors in the second quarter worth approximately $32,000. WPG Advisers LLC bought a new stake in General Motors in the first quarter valued at approximately $34,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in General Motors during the 2nd quarter worth approximately $38,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at General Motors

In related news, CAO Christopher Hatto sold 23,400 shares of the company’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $61.01, for a total value of $1,427,634.00. Following the sale, the chief accounting officer owned 12,007 shares in the company, valued at $732,547.07. This represents a 66.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mary T. Barra sold 753,720 shares of General Motors 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 owned 433,527 shares of the company’s stock, valued at $25,989,943.65. This trade represents a 63.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,288,534 shares of company stock valued at $79,253,568 over the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

General Motors Stock Up 1.8%

GM stock opened at $77.07 on Wednesday. The stock’s 50 day simple moving average is $67.10 and its 200 day simple moving average is $58.44. The company has a market cap of $71.90 billion, a P/E ratio of 15.51, a price-to-earnings-growth ratio of 0.86 and a beta of 1.30. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.06 and a current ratio of 1.23. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $77.35.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $44.60 billion. During the same quarter in the previous year, the company posted $2.96 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. On average, research analysts expect that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Citigroup upped their price objective on shares of General Motors from $75.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Argus set a $78.00 price target on shares of General Motors in a research report on Thursday, October 23rd. Wall Street Zen lowered General Motors from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Royal Bank Of Canada raised their target price on General Motors from $77.00 to $86.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Finally, Wells Fargo & Company boosted their price target on General Motors from $46.00 to $48.00 and gave the company an “underweight” rating in a research note on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, General Motors presently has an average rating of “Moderate Buy” and a consensus price target of $72.86.

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.