Charles Schwab Investment Management Inc. Increases Stake in General Motors Company $GM

Charles Schwab Investment Management Inc. raised its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 0.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 8,991,460 shares of the auto manufacturer’s stock after acquiring an additional 1,469 shares during the period. Charles Schwab Investment Management Inc.’s holdings in General Motors were worth $442,470,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sowell Financial Services LLC lifted its position in General Motors by 2.9% in the second quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer’s stock valued at $336,000 after purchasing an additional 195 shares during the period. Mayflower Financial Advisors LLC raised its stake in shares of General Motors by 4.1% during the 2nd quarter. Mayflower Financial Advisors LLC now owns 5,163 shares of the auto manufacturer’s stock worth $254,000 after buying an additional 205 shares in the last quarter. ICONIQ Capital LLC raised its stake in shares of General Motors by 4.2% during the 1st quarter. ICONIQ Capital LLC now owns 5,434 shares of the auto manufacturer’s stock worth $256,000 after buying an additional 220 shares in the last quarter. HHM Wealth Advisors LLC lifted its holdings in shares of General Motors by 14.4% in the 1st quarter. HHM Wealth Advisors LLC now owns 1,838 shares of the auto manufacturer’s stock valued at $86,000 after buying an additional 232 shares during the period. Finally, Private Trust Co. NA boosted its stake in shares of General Motors by 4.8% in the second quarter. Private Trust Co. NA now owns 5,519 shares of the auto manufacturer’s stock valued at $272,000 after buying an additional 253 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on GM shares. Wedbush set a $75.00 price objective on General Motors and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Weiss Ratings downgraded shares of General Motors from a “buy (b-)” rating to a “hold (c)” rating in a report on Saturday, October 25th. Zacks Research upgraded shares of General Motors from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Wall Street Zen lowered shares of General Motors from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Citigroup lifted their price target on shares of General Motors from $75.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.27.

Insider Buying and Selling

In other General Motors news, CEO Mary T. Barra sold 753,720 shares of the 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 completion of the sale, the chief executive officer owned 433,527 shares of the company’s stock, valued at $25,989,943.65. This trade represents a 63.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Mark L. Reuss sold 260,600 shares of the business’s stock in a transaction on 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 transaction, the president directly owned 98,006 shares in the company, valued at approximately $6,512,498.70. The trade was a 72.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 2,298,064 shares of company stock valued at $138,050,080. Corporate insiders own 0.54% of the company’s stock.

General Motors Stock Performance

NYSE GM opened at $70.99 on Tuesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.06. General Motors Company has a 1-year low of $41.60 and a 1-year high of $72.87. The firm has a market capitalization of $66.22 billion, a P/E ratio of 14.28, a P/E/G ratio of 0.96 and a beta of 1.41. The business’s 50-day simple moving average is $63.89 and its 200-day simple moving average is $56.53.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 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 analyst estimates of $44.60 billion. General Motors had a net margin of 1.62% and a return on equity of 12.29%. General Motors’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.96 earnings per share. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Equities analysts predict 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 will be paid on Thursday, December 18th. Stockholders of record on Friday, December 5th will be paid a $0.15 dividend. The ex-dividend date is Friday, December 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.8%. General Motors’s dividend payout ratio (DPR) is 12.07%.

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.