J. Safra Sarasin Holding AG Lowers Stake in General Motors Company $GM

J. Safra Sarasin Holding AG reduced its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 7.3% in the second quarter, HoldingsChannel reports. The fund owned 7,224 shares of the auto manufacturer’s stock after selling 572 shares during the period. J. Safra Sarasin Holding AG’s holdings in General Motors were worth $355,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Costello Asset Management INC purchased a new position in General Motors during the 1st quarter valued at about $32,000. WPG Advisers LLC purchased a new position in General Motors during the 1st quarter valued at about $34,000. North Capital Inc. purchased a new position in General Motors during the 1st quarter valued at about $40,000. Banque Transatlantique SA purchased a new position in General Motors during the 1st quarter valued at about $40,000. Finally, SouthState Corp lifted its position in General Motors by 914.4% during the 1st quarter. SouthState Corp now owns 984 shares of the auto manufacturer’s stock valued at $46,000 after acquiring an additional 887 shares during the period. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Stock Up 1.2%

GM opened at $60.07 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42. The firm has a 50 day moving average price of $57.22 and a 200-day moving average price of $51.55. General Motors Company has a twelve month low of $41.60 and a twelve month high of $62.14. The stock has a market capitalization of $57.19 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 1.27 and a beta of 1.33.

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

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, September 5th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, September 5th. General Motors’s payout ratio is 9.52%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Bank of America decreased their target price on shares of General Motors from $65.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Wedbush lifted their target price on shares of General Motors from $55.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, August 19th. Benchmark assumed coverage on shares of General Motors in a report on Monday, July 21st. They issued a “buy” rating and a $65.00 target price for the company. Mizuho lifted their target price on shares of General Motors from $58.00 to $67.00 and gave the stock an “outperform” rating in a report on Tuesday, September 23rd. Finally, Wells Fargo & Company lifted their target price on shares of General Motors from $38.00 to $40.00 and gave the stock an “underweight” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.26.

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 transaction of $45,185,514.00. Following the completion of the sale, the chief executive officer directly owned 433,527 shares in the company, valued at approximately $25,989,943.65. The trade was a 63.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Mark L. Reuss sold 136,161 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $60.12, for a total transaction of $8,185,999.32. Following the sale, the president owned 131,036 shares of the company’s stock, valued at $7,877,884.32. This trade represents a 50.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,074,824 shares of company stock valued at $122,377,213. 0.54% of the stock is owned by corporate insiders.

General Motors 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.