Ascent Group LLC Has $2.14 Million Holdings in General Motors Company $GM

Ascent Group LLC boosted its stake in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 175.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,128 shares of the auto manufacturer’s stock after buying an additional 22,357 shares during the quarter. Ascent Group LLC’s holdings in General Motors were worth $2,142,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in GM. Brighton Jones LLC increased its stake in General Motors by 456.1% in the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock valued at $2,062,000 after purchasing an additional 31,755 shares in the last quarter. State of Wyoming bought a new stake in General Motors in the 1st quarter valued at about $184,000. Vident Advisory LLC raised its stake in General Motors by 38.7% during the 1st quarter. Vident Advisory LLC now owns 22,172 shares of the auto manufacturer’s stock worth $1,043,000 after buying an additional 6,190 shares during the period. Quarry LP bought a new position in General Motors in the first quarter worth approximately $57,000. Finally, Focus Partners Advisor Solutions LLC grew its stake in General Motors by 279.4% in the first quarter. Focus Partners Advisor Solutions LLC now owns 34,629 shares of the auto manufacturer’s stock valued at $1,629,000 after acquiring an additional 25,502 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors News Roundup

Here are the key news stories impacting General Motors this week:

General Motors Trading Down 1.2%

Shares of GM stock opened at $81.37 on Thursday. The stock has a market capitalization of $75.91 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 0.75 and a beta of 1.30. The company’s fifty day simple moving average is $74.48 and its two-hundred day simple moving average is $62.11. General Motors Company has a 1 year low of $41.60 and a 1 year high of $83.68. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.06.

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

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Friday, December 5th were given a $0.15 dividend. The ex-dividend date was Friday, December 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.7%. General Motors’s payout ratio is presently 12.07%.

Analysts Set New Price Targets

Several research firms have recently commented on GM. Wells Fargo & Company boosted their target price on shares of General Motors from $46.00 to $48.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 9th. Benchmark reissued a “buy” rating on shares of General Motors in a report on Wednesday, October 22nd. Barclays raised their target price on General Motors from $77.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Mizuho set a $90.00 price target on General Motors in a report on Tuesday, December 16th. Finally, Argus set a $78.00 price target on General Motors in a research report on Thursday, October 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, General Motors presently has a consensus rating of “Moderate Buy” and an average price target of $75.76.

View Our Latest Research Report on General Motors

Insider Activity at General Motors

In other General Motors news, President Mark L. Reuss sold 260,600 shares of the business’s stock in a transaction 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 sale, the president directly owned 98,006 shares of the company’s stock, valued at $6,512,498.70. The trade was a 72.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Christopher Hatto sold 7,724 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $72.00, for a total value of $556,128.00. Following the sale, the chief accounting officer owned 12,007 shares of the company’s stock, valued at $864,504. This represents a 39.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 284,021 shares of company stock valued at $18,971,788. 0.54% of the stock is owned by insiders.

General Motors Profile

(Free Report)

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.

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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