Concurrent Investment Advisors LLC Increases Holdings in General Motors Company $GM

Concurrent Investment Advisors LLC raised its position in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 55.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,028 shares of the auto manufacturer’s stock after buying an additional 9,321 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in General Motors were worth $1,587,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Steigerwald Gordon & Koch Inc. bought a new stake in General Motors in the 3rd quarter worth approximately $29,000. Trust Co. of Toledo NA OH bought a new stake in General Motors in the 2nd quarter valued at $25,000. GFG Capital LLC bought a new position in shares of General Motors during the 2nd quarter valued at about $27,000. Armstrong Advisory Group Inc. lifted its holdings in shares of General Motors by 94.6% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer’s stock valued at $33,000 after acquiring an additional 265 shares during the last quarter. Finally, RMG Wealth Management LLC bought a new stake in shares of General Motors in the 2nd quarter worth about $32,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors News Roundup

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

Analyst Upgrades and Downgrades

Several research firms have commented on GM. Jefferies Financial Group raised their price objective on General Motors from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, October 6th. Wedbush lifted their price objective on General Motors from $75.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. Evercore ISI upped their price objective on shares of General Motors from $68.00 to $74.00 and gave the stock an “outperform” rating in a research report on Monday, November 24th. UBS Group reaffirmed a “buy” rating on shares of General Motors in a research note on Friday, January 9th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $98.00 price target on shares of General Motors in a research note on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.41.

View Our Latest Analysis on GM

General Motors Price Performance

GM stock opened at $80.79 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 1.40. General Motors Company has a twelve month low of $41.60 and a twelve month high of $85.18. The business has a 50 day simple moving average of $77.69 and a 200-day simple moving average of $64.81. The company has a market capitalization of $75.37 billion, a P/E ratio of 16.26, a PEG ratio of 0.64 and a beta of 1.31.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last issued its quarterly earnings results 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. The firm had revenue of $48.59 billion for the quarter, compared to analysts’ expectations 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 for the quarter was down .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, equities analysts anticipate that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

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

Insider Activity at General Motors

In other General Motors news, President Mark L. Reuss sold 260,600 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total value of $17,316,870.00. Following the sale, the president directly owned 98,006 shares of the company’s stock, valued at approximately $6,512,498.70. This trade represents a 72.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Christopher Hatto sold 7,724 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was 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. Insiders sold 284,021 shares of company stock worth $18,971,788 over the last quarter. Company insiders own 0.54% of the company’s stock.

About General Motors

(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.

Further Reading

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

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