General Motors Company $GM Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC lessened its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 21.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,109 shares of the auto manufacturer’s stock after selling 6,090 shares during the period. TD Private Client Wealth LLC’s holdings in General Motors were worth $1,088,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Sowell Financial Services LLC grew its stake in General Motors by 2.9% during the 2nd quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer’s stock valued at $336,000 after acquiring an additional 195 shares in the last quarter. ICONIQ Capital LLC grew its stake in shares of General Motors by 4.2% in the 1st quarter. ICONIQ Capital LLC now owns 5,434 shares of the auto manufacturer’s stock valued at $256,000 after buying an additional 220 shares during the period. Hohimer Wealth Management LLC grew its stake in shares of General Motors by 0.3% in the 1st quarter. Hohimer Wealth Management LLC now owns 70,377 shares of the auto manufacturer’s stock valued at $3,310,000 after buying an additional 230 shares during the period. HHM Wealth Advisors LLC grew its stake in shares of General Motors by 14.4% in the 1st quarter. HHM Wealth Advisors LLC now owns 1,838 shares of the auto manufacturer’s stock valued at $86,000 after buying an additional 232 shares during the period. Finally, Aaron Wealth Advisors LLC grew its stake in shares of General Motors by 3.6% in the 1st quarter. Aaron Wealth Advisors LLC now owns 6,709 shares of the auto manufacturer’s stock valued at $316,000 after buying an additional 235 shares during the period. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Price Performance

General Motors stock opened at $61.24 on Friday. The firm has a market cap of $58.31 billion, a PE ratio of 9.72, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32. General Motors Company has a 52-week low of $41.60 and a 52-week high of $61.98. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42. The company’s 50 day moving average is $56.38 and its two-hundred day moving average is $51.12.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.01. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The business had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. During the same period last year, the business earned $3.06 EPS. The company’s revenue was down 1.8% on a year-over-year basis. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. On average, research analysts expect that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, September 5th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, September 5th. General Motors’s dividend payout ratio (DPR) is presently 9.52%.

Analysts Set New Price Targets

Several analysts have recently weighed in on GM shares. Barclays raised shares of General Motors from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $55.00 to $73.00 in a research note on Friday, September 12th. UBS Group raised shares of General Motors from a “neutral” rating to a “buy” rating and increased their price target for the company from $56.00 to $81.00 in a research note on Wednesday. Bank of America dropped their price target on shares of General Motors from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. The Goldman Sachs Group restated a “buy” rating on shares of General Motors in a report on Friday, July 11th. Finally, Citigroup upped their price objective on shares of General Motors from $61.00 to $75.00 and gave the stock a “buy” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $61.53.

Insider Activity

In other news, President Mark L. Reuss sold 136,161 shares of the firm’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $60.12, for a total value of $8,185,999.32. Following the sale, the president directly owned 131,036 shares in the company, valued at approximately $7,877,884.32. This trade represents a 50.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rory Harvey sold 4,459 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $59.95, for a total transaction of $267,317.05. Following the completion of the sale, the executive vice president owned 8,513 shares in the company, valued at $510,354.35. The trade was a 34.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,044,824 shares of company stock valued at $120,540,709 over the last quarter. Company insiders own 0.54% of the company’s stock.

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.