Brookwood Investment Group LLC Sells 11,238 Shares of General Motors Company $GM

Brookwood Investment Group LLC reduced its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 54.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,316 shares of the auto manufacturer’s stock after selling 11,238 shares during the period. Brookwood Investment Group LLC’s holdings in General Motors were worth $458,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Trust Co. of Toledo NA OH bought a new position in General Motors during the second quarter valued at about $25,000. GFG Capital LLC bought a new position in shares of General Motors in the second quarter worth about $27,000. Costello Asset Management INC bought a new position in shares of General Motors in the first quarter worth about $32,000. RMG Wealth Management LLC bought a new position in shares of General Motors in the second quarter worth about $32,000. Finally, WPG Advisers LLC bought a new position in shares of General Motors in the first quarter worth about $34,000. 92.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Mary T. Barra sold 753,720 shares of the company’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $59.95, for a total value of $45,185,514.00. Following the sale, the chief executive officer directly owned 433,527 shares in the company, valued at approximately $25,989,943.65. This represents a 63.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Mark L. Reuss sold 260,600 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $66.45, for a total value of $17,316,870.00. Following the completion of the sale, the president owned 98,006 shares in the company, valued at approximately $6,512,498.70. This represents a 72.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,335,424 shares of company stock valued at $139,694,083. 0.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on GM shares. Tigress Financial lifted their price objective on General Motors from $88.00 to $92.00 and gave the stock a “strong-buy” rating in a research note on Friday. Argus set a $78.00 price objective on General Motors in a research note on Thursday. Jefferies Financial Group lifted their price objective on General Motors from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, October 6th. Benchmark reiterated a “buy” rating on shares of General Motors in a research note on Wednesday, October 22nd. Finally, Evercore ISI lifted their price objective on General Motors from $55.00 to $68.00 and gave the stock an “outperform” rating in a research note on Monday, October 13th. Two 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $70.00.

General Motors Trading Down 0.4%

Shares of GM opened at $69.36 on Tuesday. General Motors Company has a 12-month low of $41.60 and a 12-month high of $69.70. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $64.70 billion, a price-to-earnings ratio of 13.95, a P/E/G ratio of 0.96 and a beta of 1.33. The stock’s 50-day moving average price is $59.34 and its 200 day moving average price is $53.08.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share (EPS) 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 firm had revenue of $48.59 billion for the quarter, compared to analyst estimates of $44.60 billion. During the same period in the previous year, the company posted $2.96 earnings per share. The company’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. As a group, research analysts predict that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

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. This represents a $0.60 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, December 5th. General Motors’s dividend payout ratio is currently 12.07%.

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.