Curated Wealth Partners LLC Sells 7,224 Shares of General Motors Company $GM

Curated Wealth Partners LLC reduced its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 28.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 18,130 shares of the auto manufacturer’s stock after selling 7,224 shares during the period. Curated Wealth Partners LLC’s holdings in General Motors were worth $892,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in GM. Trust Co. of Toledo NA OH bought a new position in shares of General Motors in the second quarter valued at approximately $25,000. GFG Capital LLC bought a new position in General Motors in the 2nd quarter valued at $27,000. RMG Wealth Management LLC bought a new position in General Motors in the 2nd quarter valued at $32,000. Costello Asset Management INC bought a new position in General Motors in the 1st quarter valued at $32,000. Finally, WPG Advisers LLC bought a new position in shares of General Motors in the first quarter valued at about $34,000. 92.67% of the stock is owned by institutional investors.

General Motors Trading Up 2.7%

General Motors stock opened at $57.12 on Wednesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22. The stock has a 50-day simple moving average of $57.76 and a 200 day simple moving average of $51.89. General Motors Company has a 52 week low of $41.60 and a 52 week high of $62.14. The stock has a market capitalization of $54.39 billion, a P/E ratio of 9.07, a PEG ratio of 1.17 and a beta of 1.33.

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

General Motors Announces Dividend

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

Analyst Ratings Changes

GM has been the subject of a number of research analyst reports. Bank of America cut their price target on General Motors from $65.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Wells Fargo & Company boosted their target price on shares of General Motors from $38.00 to $40.00 and gave the stock an “underweight” rating in a research note on Friday, October 3rd. UBS Group upgraded shares of General Motors from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $56.00 to $81.00 in a research report on Wednesday, September 24th. Citigroup boosted their price objective on shares of General Motors from $61.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Finally, Jefferies Financial Group boosted their price target on shares of General Motors from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $65.00.

Insider Activity at General Motors

In other news, EVP Rory Harvey sold 23,977 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total transaction of $1,271,020.77. Following the transaction, the executive vice president directly owned 8,513 shares of the company’s stock, valued at $451,274.13. This represents a 73.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Christopher Hatto sold 36,804 shares of the firm’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $55.10, for a total value of $2,027,900.40. Following the sale, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at approximately $661,585.70. This represents a 75.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,074,824 shares of company stock worth $122,377,213 over the last three months. 0.54% of the stock is currently owned by company insiders.

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.