Banco Bilbao Vizcaya Argentaria S.A. Cuts Stock Position in General Motors Company $GM

Banco Bilbao Vizcaya Argentaria S.A. cut its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 11.7% in the second quarter, HoldingsChannel.com reports. The firm owned 751,562 shares of the auto manufacturer’s stock after selling 100,031 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in General Motors were worth $36,965,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Sowell Financial Services LLC grew its position in shares of 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 during the last quarter. Mayflower Financial Advisors LLC lifted its position in General Motors by 4.1% during the second quarter. Mayflower Financial Advisors LLC now owns 5,163 shares of the auto manufacturer’s stock valued at $254,000 after acquiring an additional 205 shares during the last quarter. ICONIQ Capital LLC boosted its stake in General Motors by 4.2% in the first quarter. ICONIQ Capital LLC now owns 5,434 shares of the auto manufacturer’s stock valued at $256,000 after acquiring an additional 220 shares in the last quarter. HHM Wealth Advisors LLC grew its holdings 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 worth $86,000 after purchasing an additional 232 shares during the last quarter. Finally, Private Trust Co. NA increased its position in shares of General Motors by 4.8% during the second quarter. Private Trust Co. NA now owns 5,519 shares of the auto manufacturer’s stock worth $272,000 after purchasing an additional 253 shares in the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Price Performance

Shares of NYSE:GM opened at $71.86 on Friday. General Motors Company has a twelve month low of $41.60 and a twelve month high of $72.87. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 1.40. The company has a market cap of $67.03 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 0.96 and a beta of 1.41. The company’s 50 day moving average is $62.36 and its 200 day moving average is $55.25.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, beating the consensus estimate of $2.32 by $0.48. The business had revenue of $48.59 billion for the quarter, compared to the consensus estimate of $44.60 billion. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. On average, sell-side analysts forecast that General Motors Company will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, December 5th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, December 5th. General Motors’s dividend payout ratio (DPR) is currently 12.07%.

Insider Buying and Selling at General Motors

In related news, CEO Mary T. Barra sold 907,024 shares of the firm’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $58.24, for a total transaction of $52,825,077.76. Following the sale, the chief executive officer directly owned 552,238 shares of the company’s stock, valued at $32,162,341.12. This trade represents a 62.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Christopher Hatto sold 23,400 shares of General Motors stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $61.01, for a total value of $1,427,634.00. Following the transaction, the chief accounting officer owned 12,007 shares of the company’s stock, valued at approximately $732,547.07. This represents a 66.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 2,298,064 shares of company stock worth $138,050,080. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on GM shares. The Goldman Sachs Group reissued a “buy” rating on shares of General Motors in a research report on Tuesday, October 21st. Citigroup increased their price target on General Motors from $75.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Zacks Research upgraded General Motors from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Royal Bank Of Canada upped their price objective on shares of General Motors from $77.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings lowered shares of General Motors from a “buy (b-)” rating to a “hold (c)” rating in a research report on Saturday, October 25th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, General Motors has an average rating of “Moderate Buy” and an average price target of $70.00.

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.