General Motors Company $GM Shares Acquired by Concurrent Investment Advisors LLC

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

A number of other institutional investors have also recently added to or reduced their stakes in GM. Trust Co. of Toledo NA OH acquired a new position in General Motors during the second quarter worth about $25,000. GFG Capital LLC acquired a new position in General Motors in the 2nd quarter worth approximately $27,000. Steigerwald Gordon & Koch Inc. acquired a new stake in General Motors during the 3rd quarter valued at $29,000. RMG Wealth Management LLC purchased a new position in General Motors during the second quarter valued at approximately $32,000. Finally, Armstrong Advisory Group Inc. increased its holdings in General Motors by 94.6% in the third quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer’s stock worth $33,000 after buying an additional 265 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at General Motors

In other news, CAO Christopher Hatto sold 7,724 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $72.00, for a total transaction of $556,128.00. Following the transaction, the chief accounting officer owned 12,007 shares in the company, valued at approximately $864,504. This represents a 39.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Mark L. Reuss sold 260,600 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the completion of the sale, the president owned 98,006 shares in the company, valued at $6,512,498.70. This represents a 72.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 284,021 shares of company stock valued at $18,971,788. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Benchmark reissued a “buy” rating on shares of General Motors in a research report on Wednesday, October 22nd. Wedbush increased their target price on General Motors from $75.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. JPMorgan Chase & Co. boosted their target price on General Motors from $60.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, September 30th. Evercore ISI lifted their target price on General Motors from $68.00 to $74.00 and gave the stock an “outperform” rating in a report on Monday, November 24th. Finally, Royal Bank Of Canada increased their price objective on shares of General Motors from $77.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.41.

Get Our Latest Stock Report on General Motors

General Motors News Roundup

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

General Motors Stock Down 0.1%

Shares of NYSE GM opened at $80.79 on Friday. The company has a market cap of $75.37 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 0.64 and a beta of 1.31. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 1.40. The stock has a 50-day moving average price of $77.69 and a two-hundred day moving average price of $64.81. General Motors Company has a 12 month low of $41.60 and a 12 month high of $85.18.

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

General Motors Dividend Announcement

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

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.

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

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