Bleakley Financial Group LLC Sells 3,098 Shares of General Motors Company $GM

Bleakley Financial Group LLC lessened its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 15.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,248 shares of the auto manufacturer’s stock after selling 3,098 shares during the period. Bleakley Financial Group LLC’s holdings in General Motors were worth $849,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Trust Co. of Toledo NA OH purchased a new stake in shares of General Motors during the second quarter valued at approximately $25,000. GFG Capital LLC bought a new stake in General Motors during the 2nd quarter valued at $27,000. Costello Asset Management INC purchased a new stake in General Motors during the 1st quarter valued at $32,000. RMG Wealth Management LLC bought a new stake in General Motors in the 2nd quarter worth $32,000. Finally, WPG Advisers LLC purchased a new position in shares of General Motors in the first quarter valued at about $34,000. 92.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at General Motors

In related news, CAO Christopher Hatto sold 36,804 shares of the business’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 value of $2,027,900.40. Following the completion of the transaction, the chief accounting officer directly owned 12,007 shares in the company, valued at $661,585.70. The trade was a 75.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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. This trade represents a 62.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,335,424 shares of company stock worth $139,694,083 over the last three months. Company insiders own 0.54% of the company’s stock.

General Motors Trading Up 4.1%

NYSE GM opened at $69.60 on Friday. The stock’s 50 day moving average is $59.08 and its 200 day moving average is $52.86. The company has a quick ratio of 1.05, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $64.92 billion, a PE ratio of 14.00, a P/E/G ratio of 1.35 and a beta of 1.33. General Motors Company has a twelve month low of $41.60 and a twelve month high of $69.70.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.48. The firm had revenue of $48.59 billion for the quarter, compared to analysts’ expectations of $44.60 billion. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Research analysts forecast 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. Shareholders of record on Friday, December 5th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, December 5th. General Motors’s dividend payout ratio is 12.07%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GM shares. Barclays increased their target price on shares of General Motors from $77.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday. Citigroup increased their price objective on General Motors from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday. Piper Sandler set a $66.00 target price on General Motors and gave the company a “neutral” rating in a research note on Tuesday. Mizuho set a $76.00 target price on General Motors in a report on Wednesday. Finally, Wells Fargo & Company lifted their price target on shares of General Motors from $40.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, General Motors presently has an average rating of “Moderate Buy” and an average target price 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.