55,941 Shares in General Motors Company $GM Bought by SteelPeak Wealth LLC

SteelPeak Wealth LLC purchased a new position in General Motors Company (NYSE:GM) (TSE:GMM.U) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 55,941 shares of the auto manufacturer’s stock, valued at approximately $3,411,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Relyea Zuckerberg Hanson LLC bought a new stake in shares of General Motors in the third quarter worth about $230,000. Hudson Capital Management LLC grew its position in shares of General Motors by 0.7% in the 3rd quarter. Hudson Capital Management LLC now owns 102,013 shares of the auto manufacturer’s stock worth $6,220,000 after buying an additional 740 shares during the last quarter. Silver Oak Securities Incorporated purchased a new position in shares of General Motors during the third quarter valued at approximately $232,000. Global Financial Private Client LLC purchased a new position in shares of General Motors during the third quarter valued at approximately $334,000. Finally, Generali Asset Management SPA SGR raised its holdings in shares of General Motors by 59.4% during the third quarter. Generali Asset Management SPA SGR now owns 96,974 shares of the auto manufacturer’s stock valued at $5,913,000 after acquiring an additional 36,155 shares in the last quarter. 92.67% of the stock is owned by institutional investors.

Insider Activity

In other news, President Mark L. Reuss sold 260,600 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $66.45, for a total value of $17,316,870.00. Following the transaction, the president owned 98,006 shares in the company, valued at approximately $6,512,498.70. This represents a 72.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Christopher Hatto sold 7,724 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $72.00, for a total transaction of $556,128.00. Following the completion of the transaction, the chief accounting officer owned 12,007 shares of the company’s stock, valued at approximately $864,504. The trade was a 39.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 284,021 shares of company stock worth $18,971,788 over the last three months. 0.54% of the stock is currently owned by insiders.

General Motors Price Performance

Shares of NYSE GM opened at $81.37 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.06 and a current ratio of 1.23. The company has a 50 day simple moving average of $74.77 and a two-hundred day simple moving average of $62.25. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $83.68. The company has a market capitalization of $75.91 billion, a price-to-earnings ratio of 16.37, a P/E/G ratio of 0.74 and a beta of 1.31.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.48. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The company had revenue of $48.59 billion during the quarter, compared to analyst estimates of $44.60 billion. During the same quarter last year, the company earned $2.96 EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Analysts expect that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Friday, December 5th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, December 5th. General Motors’s payout ratio is currently 12.07%.

Analyst Upgrades and Downgrades

GM has been the topic of several recent analyst reports. Cowen reiterated a “buy” rating on shares of General Motors in a report on Friday, December 12th. Mizuho set a $90.00 target price on shares of General Motors in a research note on Tuesday, December 16th. Tigress Financial boosted their price target on shares of General Motors from $88.00 to $92.00 and gave the company a “strong-buy” rating in a research report on Friday, October 24th. Benchmark reissued a “buy” rating on shares of General Motors in a research note on Wednesday, October 22nd. Finally, UBS Group lifted their price objective on General Motors from $85.00 to $97.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, General Motors has a consensus rating of “Moderate Buy” and a consensus target price of $75.76.

General Motors Profile

General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.