Vise Technologies Inc. Acquires Shares of 10,328 General Motors Company $GM

Vise Technologies Inc. purchased a new stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,328 shares of the auto manufacturer’s stock, valued at approximately $508,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Trust Co. of Toledo NA OH purchased a new position in shares of General Motors in the second quarter worth $25,000. GFG Capital LLC bought a new stake in General Motors in the 2nd quarter worth about $27,000. Costello Asset Management INC purchased a new position in General Motors in the 1st quarter worth about $32,000. RMG Wealth Management LLC bought a new position in General Motors during the 2nd quarter valued at about $32,000. Finally, WPG Advisers LLC purchased a new stake in shares of General Motors during the 1st quarter valued at about $34,000. 92.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GM has been the topic of a number of recent research reports. UBS Group increased their target price on General Motors from $81.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Benchmark reiterated a “buy” rating on shares of General Motors in a research note on Wednesday, October 22nd. Tigress Financial boosted 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 report on Friday, October 24th. Zacks Research raised General Motors from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Finally, Wall Street Zen lowered General Motors from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Three equities research analysts have 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.00.

General Motors Trading Down 1.9%

GM stock opened at $70.52 on Friday. 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 business has a 50 day simple moving average of $62.61 and a two-hundred day simple moving average of $55.42. The company has a market capitalization of $65.79 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 0.96 and a beta of 1.41.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.48. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The firm had revenue of $48.59 billion during the quarter, compared to analyst estimates of $44.60 billion. During the same quarter last year, the business posted $2.96 earnings per share. The business’s quarterly 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. Research analysts anticipate that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Friday, December 5th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.9%. General Motors’s dividend payout ratio (DPR) is presently 12.07%.

Insider Buying and Selling

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 transaction of $408,870.00. Following the transaction, the executive vice president owned 8,513 shares of the company’s stock, valued at approximately $527,380.35. The trade was a 43.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mary T. Barra sold 753,720 shares of the stock in a transaction 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 sale, the chief executive officer owned 433,527 shares in the company, valued at $25,989,943.65. The trade was a 63.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 2,298,064 shares of company stock valued at $138,050,080. Insiders own 0.54% of the company’s stock.

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.