Verdence Capital Advisors LLC Buys 7,571 Shares of General Motors Company $GM

Verdence Capital Advisors LLC lifted its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 25.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 37,543 shares of the auto manufacturer’s stock after acquiring an additional 7,571 shares during the period. Verdence Capital Advisors LLC’s holdings in General Motors were worth $1,847,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Trust Co. of Toledo NA OH bought a new stake in shares of General Motors during the 2nd quarter worth about $25,000. GFG Capital LLC bought a new stake in shares of General Motors during the 2nd quarter worth about $27,000. RMG Wealth Management LLC bought a new stake in General Motors during the 2nd quarter valued at approximately $32,000. Costello Asset Management INC bought a new stake in General Motors during the 1st quarter valued at approximately $32,000. Finally, WPG Advisers LLC bought a new stake in General Motors during the 1st quarter valued at approximately $34,000. Institutional investors own 92.67% of the company’s stock.

Insider Buying and Selling

In other news, CEO Mary T. Barra sold 907,024 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $58.24, for a total value of $52,825,077.76. Following the completion of the transaction, the chief executive officer directly owned 552,238 shares of the company’s stock, valued at approximately $32,162,341.12. This represents a 62.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Mark L. Reuss sold 136,161 shares of the stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $60.12, for a total value of $8,185,999.32. Following the completion of the transaction, the president directly owned 131,036 shares of the company’s stock, valued at approximately $7,877,884.32. The trade was a 50.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,074,824 shares of company stock valued at $122,377,213. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on GM shares. Barclays increased their target price on General Motors from $73.00 to $77.00 and gave the company an “overweight” rating in a research note on Friday. Evercore ISI increased their target price on General Motors from $55.00 to $68.00 and gave the company an “outperform” rating in a research note on Monday. Royal Bank Of Canada restated an “outperform” rating and set a $77.00 target price on shares of General Motors in a research note on Friday. Wells Fargo & Company increased their target price on General Motors from $38.00 to $40.00 and gave the company an “underweight” rating in a research note on Friday, October 3rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of General Motors in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, General Motors presently has an average rating of “Moderate Buy” and an average price target of $65.00.

General Motors Price Performance

Shares of GM stock opened at $55.63 on Tuesday. The stock has a 50 day moving average of $57.67 and a two-hundred day moving average of $51.85. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42. General Motors Company has a 12 month low of $41.60 and a 12 month high of $62.14. The company has a market capitalization of $52.96 billion, a P/E ratio of 8.83, a P/E/G ratio of 1.17 and a beta of 1.33.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The business had revenue of $47.12 billion during the quarter, compared to analysts’ expectations of $45.87 billion. During the same period in the prior year, the firm posted $3.06 EPS. General Motors’s quarterly revenue was down 1.8% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, equities analysts expect that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, September 5th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.1%. General Motors’s dividend payout ratio is presently 9.52%.

General Motors Company Profile

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.