EverSource Wealth Advisors LLC Boosts Stock Position in General Motors Company $GM

EverSource Wealth Advisors LLC raised its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 123.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,432 shares of the auto manufacturer’s stock after purchasing an additional 8,534 shares during the period. EverSource Wealth Advisors LLC’s holdings in General Motors were worth $759,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its stake in General Motors by 456.1% during the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock valued at $2,062,000 after acquiring an additional 31,755 shares during the last quarter. Blair William & Co. IL raised its stake in shares of General Motors by 12.3% in the 1st quarter. Blair William & Co. IL now owns 31,817 shares of the auto manufacturer’s stock valued at $1,496,000 after purchasing an additional 3,495 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of General Motors by 25.2% during the first quarter. Chicago Partners Investment Group LLC now owns 13,457 shares of the auto manufacturer’s stock worth $612,000 after purchasing an additional 2,707 shares during the last quarter. Deutsche Bank AG grew its stake in General Motors by 2.3% in the first quarter. Deutsche Bank AG now owns 4,380,940 shares of the auto manufacturer’s stock worth $206,036,000 after purchasing an additional 96,490 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in General Motors by 3.7% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,834,503 shares of the auto manufacturer’s stock valued at $86,277,000 after buying an additional 66,259 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Trading Up 1.0%

NYSE:GM opened at $76.06 on Friday. The stock has a fifty day simple moving average of $66.48 and a 200 day simple moving average of $58.00. The firm has a market capitalization of $70.95 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 0.87 and a beta of 1.30. 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 Company has a 1-year low of $41.60 and a 1-year high of $77.00.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results 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 net margin of 1.62% and a return on equity of 12.29%. The business had revenue of $48.59 billion during the quarter, compared to the consensus estimate of $44.60 billion. During the same quarter in the prior year, the firm earned $2.96 EPS. The firm’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. Sell-side analysts forecast that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have commented on GM shares. Tigress Financial increased their target price on General Motors from $88.00 to $92.00 and gave the stock a “strong-buy” rating in a report on Friday, October 24th. Argus set a $78.00 price objective on General Motors in a research note on Thursday, October 23rd. TD Cowen lifted their price objective on shares of General Motors from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Wedbush set a $75.00 target price on shares of General Motors and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Finally, Jefferies Financial Group raised their price target on shares of General Motors from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, October 6th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, General Motors has a consensus rating of “Moderate Buy” and an average price target of $70.27.

Insiders Place Their Bets

In related news, EVP Rory Harvey sold 6,600 shares of the stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $61.95, for a total value of $408,870.00. Following the completion of the sale, the executive vice president directly owned 8,513 shares of the company’s stock, valued at approximately $527,380.35. This represents a 43.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 directly owned 433,527 shares in the company, valued at approximately $25,989,943.65. This trade represents a 63.48% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,288,534 shares of company stock worth $79,253,568. 0.54% of the stock is currently owned by corporate insiders.

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.