General Motors Company $GM Shares Acquired by NorthRock Partners LLC

NorthRock Partners LLC grew its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 83.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 25,943 shares of the auto manufacturer’s stock after buying an additional 11,805 shares during the period. NorthRock Partners LLC’s holdings in General Motors were worth $1,277,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cassia Capital Partners LLC boosted its holdings in General Motors by 63.0% in the first quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer’s stock worth $879,000 after acquiring an additional 7,221 shares in the last quarter. Mirova boosted its holdings in General Motors by 4.1% in the first quarter. Mirova now owns 133,969 shares of the auto manufacturer’s stock worth $6,301,000 after acquiring an additional 5,293 shares in the last quarter. Capital Investment Advisors LLC boosted its holdings in General Motors by 6.3% in the second quarter. Capital Investment Advisors LLC now owns 8,811 shares of the auto manufacturer’s stock worth $434,000 after acquiring an additional 526 shares in the last quarter. AustralianSuper Pty Ltd boosted its holdings in General Motors by 38.9% in the first quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer’s stock worth $287,428,000 after acquiring an additional 1,712,033 shares in the last quarter. Finally, Sowell Financial Services LLC acquired a new stake in General Motors in the first quarter worth about $312,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Analyst Ratings Changes

GM has been the subject of a number of research reports. Mizuho lifted their target price on General Motors from $58.00 to $67.00 and gave the stock an “outperform” rating in a report on Tuesday, September 23rd. Wedbush lifted their target price on General Motors from $55.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, August 19th. Bank of America decreased their target price on General Motors from $65.00 to $62.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. UBS Group raised General Motors from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $56.00 to $81.00 in a report on Wednesday, September 24th. Finally, Jefferies Financial Group lifted their target price on General Motors from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, General Motors presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.

Insiders Place Their Bets

In other news, EVP Rory Harvey sold 6,600 shares of the business’s stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $61.95, for a total value of $408,870.00. Following the completion of the sale, the executive vice president directly owned 8,513 shares in the company, valued at $527,380.35. The trade was a 43.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 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 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 ninety days. 0.54% of the stock is owned by corporate insiders.

General Motors Stock Up 0.5%

Shares of GM stock opened at $55.63 on Tuesday. The stock has a 50 day moving average of $57.67 and a 200 day moving average of $51.85. 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 stock has a market cap of $52.96 billion, a P/E ratio of 8.83, a P/E/G ratio of 1.17 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 announced its quarterly earnings results 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. The company had revenue of $47.12 billion during the quarter, compared to analysts’ expectations of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%.General Motors’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period last year, the business earned $3.06 earnings per share. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, sell-side analysts expect that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, September 5th were given 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 1.1%. General Motors’s payout ratio is 9.52%.

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.