General Motors Company $GM Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC grew its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 6.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 341,426 shares of the auto manufacturer’s stock after purchasing an additional 20,017 shares during the period. Corient Private Wealth LLC’s holdings in General Motors were worth $16,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in GM. Trust Co. of Toledo NA OH purchased a new stake in General Motors in the 2nd quarter valued at $25,000. GFG Capital LLC acquired a new position in shares of General Motors during the 2nd quarter valued at about $27,000. RMG Wealth Management LLC acquired a new position in shares of General Motors during the 2nd quarter valued at about $32,000. WPG Advisers LLC purchased a new stake in shares of General Motors in the first quarter valued at about $34,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in General Motors during the second quarter worth about $38,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Insider Buying and Selling at General Motors

In other General Motors news, President Mark L. Reuss sold 260,600 shares of the firm’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 completion of the transaction, the president owned 98,006 shares of the company’s stock, valued at $6,512,498.70. This trade represents a 72.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Christopher Hatto sold 23,400 shares of the company’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $61.01, for a total value of $1,427,634.00. Following the sale, the chief accounting officer directly owned 12,007 shares in the company, valued at $732,547.07. This represents a 66.09% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,254,589 shares of company stock worth $77,219,450. 0.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GM shares. UBS Group increased their price target on shares of General Motors from $85.00 to $97.00 and gave the company a “buy” rating in a research note on Monday. Morgan Stanley upgraded General Motors from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $54.00 to $90.00 in a report on Monday, December 8th. Cowen reissued a “buy” rating on shares of General Motors in a research note on Friday, December 12th. Piper Sandler set a $66.00 price target on General Motors and gave the company a “neutral” rating in a research note on Tuesday, October 21st. Finally, Wells Fargo & Company increased their price target on General Motors from $46.00 to $48.00 and gave the stock an “underweight” rating in a report on Tuesday, December 9th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $74.81.

General Motors Stock Down 1.5%

NYSE:GM opened at $80.51 on Thursday. General Motors Company has a 52 week low of $41.60 and a 52 week high of $83.04. The stock’s fifty day moving average is $69.78 and its two-hundred day moving average is $59.73. The stock has a market capitalization of $75.10 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 0.74 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 (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.48. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The firm had revenue of $48.59 billion for the quarter, compared to the consensus estimate of $44.60 billion. During the same quarter in the previous year, the business earned $2.96 EPS. The company’s quarterly revenue was down .3% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Research analysts anticipate that General Motors Company will post 11.44 EPS for the current year.

General Motors Dividend Announcement

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

About General Motors

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.