General Motors Company $GM Shares Bought by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC boosted its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 15.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,883 shares of the auto manufacturer’s stock after acquiring an additional 793 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in General Motors were worth $290,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Costello Asset Management INC acquired a new position in General Motors during the 1st quarter worth approximately $32,000. WPG Advisers LLC acquired a new position in General Motors during the 1st quarter worth approximately $34,000. North Capital Inc. acquired a new position in General Motors during the 1st quarter worth approximately $40,000. Banque Transatlantique SA acquired a new position in General Motors during the 1st quarter worth approximately $40,000. Finally, SouthState Corp grew its holdings in General Motors by 914.4% during the 1st quarter. SouthState Corp now owns 984 shares of the auto manufacturer’s stock worth $46,000 after acquiring an additional 887 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Stock Up 1.2%

Shares of General Motors stock opened at $60.07 on Friday. The company has a market cap of $57.19 billion, a P/E ratio of 9.54, a PEG ratio of 1.27 and a beta of 1.33. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22. General Motors Company has a one year low of $41.60 and a one year high of $62.14. The firm has a fifty day moving average of $57.22 and a two-hundred day moving average of $51.55.

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

General Motors Announces Dividend

The company also recently disclosed 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. 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 presently 9.52%.

Insider Activity

In other news, CEO Mary T. Barra sold 907,024 shares of the company’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $58.24, for a total transaction of $52,825,077.76. Following the transaction, the chief executive officer directly owned 552,238 shares of the company’s stock, valued at $32,162,341.12. This represents a 62.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Mark L. Reuss sold 136,161 shares of the company’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $60.12, for a total transaction of $8,185,999.32. Following the transaction, the president directly owned 131,036 shares in the company, valued at approximately $7,877,884.32. This trade represents a 50.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,074,824 shares of company stock worth $122,377,213 in the last 90 days. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

GM has been the subject of several research analyst reports. Citigroup upped their target price on shares of General Motors from $61.00 to $75.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Wedbush upped their target price on shares of General Motors from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, August 19th. Mizuho upped their target price on shares of General Motors from $58.00 to $67.00 and gave the company an “outperform” rating in a report on Tuesday, September 23rd. Wells Fargo & Company upped their target price on shares of General Motors from $38.00 to $40.00 and gave the company an “underweight” rating in a report on Friday. Finally, Bank of America lowered their target price 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. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, General Motors has an average rating of “Moderate Buy” and a consensus price target of $63.26.

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.