Resonant Capital Advisors LLC Has $249,000 Stake in General Motors Company $GM

Resonant Capital Advisors LLC trimmed its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 40.0% in the second quarter, Holdings Channel.com reports. The firm owned 5,051 shares of the auto manufacturer’s stock after selling 3,373 shares during the quarter. Resonant Capital Advisors LLC’s holdings in General Motors were worth $249,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sowell Financial Services LLC lifted its position in General Motors by 2.9% in the 2nd quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer’s stock worth $336,000 after buying an additional 195 shares in the last quarter. ICONIQ Capital LLC raised its holdings in shares of General Motors by 4.2% during the first quarter. ICONIQ Capital LLC now owns 5,434 shares of the auto manufacturer’s stock worth $256,000 after acquiring an additional 220 shares in the last quarter. Hohimer Wealth Management LLC raised its holdings in shares of General Motors by 0.3% during the first quarter. Hohimer Wealth Management LLC now owns 70,377 shares of the auto manufacturer’s stock worth $3,310,000 after acquiring an additional 230 shares in the last quarter. HHM Wealth Advisors LLC grew its stake in General Motors by 14.4% in the first quarter. HHM Wealth Advisors LLC now owns 1,838 shares of the auto manufacturer’s stock valued at $86,000 after purchasing an additional 232 shares in the last quarter. Finally, Aaron Wealth Advisors LLC increased its position in General Motors by 3.6% in the 1st quarter. Aaron Wealth Advisors LLC now owns 6,709 shares of the auto manufacturer’s stock worth $316,000 after purchasing an additional 235 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at General Motors

In related news, CEO Mary T. Barra sold 907,024 shares of the company’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $58.24, for a total transaction of $52,825,077.76. Following the completion of the transaction, the chief executive officer directly owned 552,238 shares in the company, valued at $32,162,341.12. This represents a 62.16% 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 36,804 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $55.10, for a total transaction of $2,027,900.40. Following the completion of the sale, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at approximately $661,585.70. This trade represents a 75.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,335,424 shares of company stock worth $139,694,083. 0.54% of the stock is owned by insiders.

General Motors Stock Down 0.4%

GM stock opened at $69.36 on Tuesday. The stock has a market capitalization of $64.70 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 0.96 and a beta of 1.33. The company has a 50-day moving average of $59.34 and a two-hundred day moving average of $53.08. General Motors Company has a 52-week low of $41.60 and a 52-week high of $69.70. 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 (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.48. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The business had revenue of $48.59 billion during the quarter, compared to analysts’ expectations of $44.60 billion. During the same quarter in the previous year, the firm earned $2.96 EPS. The firm’s revenue was down .3% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, equities research analysts anticipate that General Motors Company will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.9%. General Motors’s dividend payout ratio (DPR) is presently 12.07%.

Wall Street Analyst Weigh In

Several brokerages recently commented on GM. Evercore ISI boosted their price target on General Motors from $55.00 to $68.00 and gave the company an “outperform” rating in a research note on Monday, October 13th. Piper Sandler set a $66.00 target price on shares of General Motors and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Bank of America dropped their price target on shares of General Motors from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Tigress Financial lifted their price objective on shares of General Motors from $88.00 to $92.00 and gave the company a “strong-buy” rating in a research note on Friday. Finally, Citigroup upped their price objective on shares of General Motors from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, General Motors presently has an average rating of “Moderate Buy” and a consensus target price of $70.00.

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.