Secured Retirement Advisors LLC Sells 570 Shares of General Motors Company $GM

Secured Retirement Advisors LLC lowered its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 2.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 20,404 shares of the auto manufacturer’s stock after selling 570 shares during the quarter. Secured Retirement Advisors LLC’s holdings in General Motors were worth $1,004,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of GM. Costello Asset Management INC bought a new position in shares of General Motors during the 1st quarter valued at approximately $32,000. RMG Wealth Management LLC bought a new position in shares of General Motors during the 2nd quarter valued at approximately $32,000. WPG Advisers LLC bought a new stake in shares of General Motors during the 1st quarter worth approximately $34,000. North Capital Inc. bought a new stake in shares of General Motors during the 1st quarter worth approximately $40,000. Finally, Banque Transatlantique SA bought a new stake in shares of General Motors during the 1st quarter worth approximately $40,000. Institutional investors own 92.67% of the company’s stock.

Insider Buying and Selling

In other news, EVP Rory Harvey sold 23,977 shares of General Motors stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $53.01, for a total value of $1,271,020.77. Following the transaction, the executive vice president directly owned 8,513 shares in the company, valued at approximately $451,274.13. This trade represents a 73.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mary T. Barra sold 907,024 shares of General Motors stock in a transaction on Thursday, August 28th. The shares were 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 owned 552,238 shares in the company, valued at $32,162,341.12. This represents a 62.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,074,824 shares of company stock valued at $122,377,213. 0.54% of the stock is owned by insiders.

General Motors Trading Down 1.7%

Shares of NYSE GM opened at $57.18 on Wednesday. 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 business has a fifty day simple moving average of $57.41 and a two-hundred day simple moving average of $51.67. The firm has a market cap of $54.44 billion, a PE ratio of 9.08, a price-to-earnings-growth ratio of 1.23 and a beta of 1.33. General Motors Company has a twelve month low of $41.60 and a twelve month high of $62.14.

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 for the quarter, beating 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 analyst estimates of $45.87 billion. During the same period in the previous year, the company posted $3.06 EPS. General Motors’s 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. Analysts expect that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The business also recently declared 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 was Friday, September 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.0%. General Motors’s dividend payout ratio (DPR) is currently 9.52%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on GM shares. Barclays raised General Motors from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $55.00 to $73.00 in a research note on Friday, September 12th. The Goldman Sachs Group raised their price target on General Motors from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Royal Bank Of Canada reissued an “outperform” rating on shares of General Motors in a research note on Thursday, July 24th. Industrial Alliance Securities set a $70.00 price target on General Motors in a research note on Friday, July 11th. Finally, UBS Group raised General Motors from a “neutral” rating to a “buy” rating and lifted their target price for the company from $56.00 to $81.00 in a research report on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, General Motors has a consensus rating of “Moderate Buy” and an average price target of $62.85.

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.