Farther Finance Advisors LLC Has $746,000 Stock Holdings in General Motors Company $GM

Farther Finance Advisors LLC decreased its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 8.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 15,159 shares of the auto manufacturer’s stock after selling 1,350 shares during the period. Farther Finance Advisors LLC’s holdings in General Motors were worth $746,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Costello Asset Management INC acquired a new position in General Motors during the first quarter worth $32,000. WPG Advisers LLC acquired a new stake in General Motors in the 1st quarter valued at $34,000. North Capital Inc. bought a new stake in General Motors during the 1st quarter worth about $40,000. Banque Transatlantique SA acquired a new position in shares of General Motors during the 1st quarter worth about $40,000. Finally, SouthState Corp grew its holdings in shares of General Motors by 914.4% in the 1st quarter. SouthState Corp now owns 984 shares of the auto manufacturer’s stock valued at $46,000 after acquiring an additional 887 shares in the last quarter. 92.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GM has been the topic of several analyst reports. Mizuho upped their target price on General Motors from $58.00 to $67.00 and gave the stock an “outperform” rating in a report on Tuesday. The Goldman Sachs Group reaffirmed a “buy” rating on shares of General Motors in a research report on Friday, July 11th. Barclays raised General Motors from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $55.00 to $73.00 in a report on Friday, September 12th. Industrial Alliance Securities set a $70.00 target price on shares of General Motors in a research note on Friday, July 11th. Finally, Bank of America dropped their price target on shares of General Motors from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $61.53.

Insider Buying and Selling at General Motors

In other General Motors news, CAO Christopher Hatto sold 36,804 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $55.10, for a total transaction of $2,027,900.40. Following the completion of the sale, the chief accounting officer directly owned 12,007 shares in the company, valued at $661,585.70. This trade represents a 75.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Mary T. Barra sold 907,024 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $58.24, for a total value 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. The trade was a 62.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,881,794 shares of company stock valued at $110,741,763 in the last three months. 0.54% of the stock is currently owned by company insiders.

General Motors Stock Up 1.1%

GM stock opened at $60.56 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $57.66 billion, a PE ratio of 9.61, a PEG ratio of 1.26 and a beta of 1.32. General Motors Company has a 1-year low of $41.60 and a 1-year high of $61.24. The business’s 50 day simple moving average is $56.22 and its 200 day simple moving average is $51.03.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, beating 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 business had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $45.87 billion. During the same quarter last year, the firm posted $3.06 EPS. The company’s quarterly revenue was down 1.8% on a year-over-year basis. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, research analysts anticipate that General Motors Company will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, September 5th were paid a $0.15 dividend. The ex-dividend date was Friday, September 5th. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. General Motors’s dividend payout ratio is 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.