General Motors Company $GM Stock Position Decreased by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. trimmed its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 89.2% in the second quarter, HoldingsChannel reports. The firm owned 5,687 shares of the auto manufacturer’s stock after selling 46,902 shares during the period. Atria Wealth Solutions Inc.’s holdings in General Motors were worth $280,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its stake in General Motors by 9.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 52,609 shares of the auto manufacturer’s stock valued at $2,589,000 after purchasing an additional 4,739 shares during the period. Total Clarity Wealth Management Inc. boosted its stake in General Motors by 19.7% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 6,561 shares of the auto manufacturer’s stock valued at $323,000 after purchasing an additional 1,081 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in General Motors by 2.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,415,838 shares of the auto manufacturer’s stock valued at $73,666,000 after purchasing an additional 38,364 shares during the period. CWM LLC boosted its stake in General Motors by 17.2% during the 2nd quarter. CWM LLC now owns 226,102 shares of the auto manufacturer’s stock valued at $11,126,000 after purchasing an additional 33,208 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in General Motors by 7.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 180,660 shares of the auto manufacturer’s stock valued at $8,891,000 after purchasing an additional 13,094 shares during the period. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Trading Up 14.8%

Shares of NYSE:GM opened at $66.59 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42. The company has a 50 day moving average of $58.38 and a 200-day moving average of $52.34. General Motors Company has a twelve month low of $41.60 and a twelve month high of $67.55. The firm has a market cap of $63.40 billion, a P/E ratio of 10.57, a P/E/G ratio of 1.71 and a beta of 1.33.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.48. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The business had revenue of $48.59 billion for the quarter, compared to the consensus estimate of $44.60 billion. During the same period in the previous year, the firm earned $2.96 EPS. The business’s revenue for the quarter 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 anticipate that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, December 5th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, December 5th. General Motors’s payout ratio is presently 9.52%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on GM shares. Mizuho boosted their target price on shares of General Motors from $58.00 to $67.00 and gave the company an “outperform” rating in a research note on Tuesday, September 23rd. JPMorgan Chase & Co. upped their price target on shares of General Motors from $60.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 30th. UBS Group raised shares of General Motors from a “neutral” rating to a “buy” rating and upped their price target for the stock from $56.00 to $81.00 in a research note on Wednesday, September 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of General Motors in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company upped their price target 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. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.40.

Insider Buying and Selling at General Motors

In related news, CEO Mary T. Barra sold 753,720 shares of the business’s stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $59.95, for a total value of $45,185,514.00. Following the sale, the chief executive officer directly owned 433,527 shares in the company, valued at $25,989,943.65. The trade was a 63.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Christopher Hatto sold 23,400 shares of the business’s stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $61.01, for a total transaction of $1,427,634.00. Following the completion of the sale, the chief accounting officer owned 12,007 shares in the company, valued at $732,547.07. The trade was a 66.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,074,824 shares of company stock valued at $122,377,213 over the last quarter. Company insiders own 0.54% of the company’s stock.

About General Motors

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.