HBK Sorce Advisory LLC Makes New $381,000 Investment in General Motors Company $GM

HBK Sorce Advisory LLC purchased a new stake in General Motors Company (NYSE:GM) (TSE:GMM.U) during the third quarter, HoldingsChannel.com reports. The firm purchased 6,761 shares of the auto manufacturer’s stock, valued at approximately $381,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its holdings in General Motors by 456.1% in the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock valued at $2,062,000 after acquiring an additional 31,755 shares during the last quarter. Jump Financial LLC increased its stake in General Motors by 27.4% during the first quarter. Jump Financial LLC now owns 17,415 shares of the auto manufacturer’s stock worth $819,000 after acquiring an additional 3,743 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in shares of General Motors by 12.6% in the 1st quarter. Gamco Investors INC. ET AL now owns 54,286 shares of the auto manufacturer’s stock worth $2,553,000 after purchasing an additional 6,086 shares during the period. Landscape Capital Management L.L.C. lifted its stake in shares of General Motors by 233.8% in the 1st quarter. Landscape Capital Management L.L.C. now owns 37,665 shares of the auto manufacturer’s stock valued at $1,771,000 after purchasing an additional 26,380 shares in the last quarter. Finally, State of Wyoming purchased a new stake in shares of General Motors during the 1st quarter worth about $184,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GM has been the topic of several research reports. Tigress Financial raised their price target on shares of General Motors from $88.00 to $92.00 and gave the company a “strong-buy” rating in a report on Friday, October 24th. Piper Sandler set a $66.00 target price on shares of General Motors and gave the company a “neutral” rating in a research note on Tuesday, October 21st. Mizuho set a $90.00 price target on shares of General Motors in a research report on Tuesday, December 16th. Wall Street Zen raised General Motors from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, The Goldman Sachs Group boosted their price objective on General Motors from $81.00 to $93.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, General Motors presently has an average rating of “Moderate Buy” and a consensus target price of $75.76.

Insider Buying and Selling

In related news, CAO Christopher Hatto sold 15,697 shares of General Motors stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $70.00, for a total value of $1,098,790.00. Following the completion of the sale, the chief accounting officer owned 12,007 shares in the company, valued at approximately $840,490. The trade was a 56.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Mark L. Reuss sold 260,600 shares of the company’s stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the completion of the sale, the president directly owned 98,006 shares in the company, valued at $6,512,498.70. This represents a 72.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 284,021 shares of company stock worth $18,971,788. 0.54% of the stock is currently owned by corporate insiders.

General Motors Stock Performance

Shares of GM stock opened at $83.04 on Friday. General Motors Company has a 12 month low of $41.60 and a 12 month high of $83.68. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.06. The firm has a market capitalization of $77.46 billion, a P/E ratio of 16.71, a P/E/G ratio of 0.75 and a beta of 1.30. The company’s fifty day moving average price is $73.39 and its two-hundred day moving average price is $61.33.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share for the quarter, beating 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 company had revenue of $48.59 billion during the quarter, compared to the consensus estimate of $44.60 billion. During the same period last year, the firm earned $2.96 earnings per share. The company’s revenue was down .3% on a year-over-year basis. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. On average, research analysts anticipate that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Friday, December 5th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, December 5th. This represents a $0.60 annualized dividend and a yield of 0.7%. General Motors’s payout ratio is currently 12.07%.

General Motors Profile

General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.