Perigon Wealth Management LLC Has $1.58 Million Stock Position in General Motors Company $GM

Perigon Wealth Management LLC boosted its stake in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 51.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,883 shares of the auto manufacturer’s stock after buying an additional 8,832 shares during the period. Perigon Wealth Management LLC’s holdings in General Motors were worth $1,578,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in GM. Trust Co. of Toledo NA OH acquired a new stake in shares of General Motors during the second quarter valued at approximately $25,000. GFG Capital LLC purchased a new position in General Motors during the 2nd quarter worth approximately $27,000. RMG Wealth Management LLC acquired a new stake in General Motors during the 2nd quarter valued at $32,000. Armstrong Advisory Group Inc. lifted its holdings in shares of General Motors by 94.6% in the third quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer’s stock valued at $33,000 after purchasing an additional 265 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of General Motors in the second quarter worth $38,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at General Motors

In related news, President Mark L. Reuss sold 260,600 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was 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 directly owned 98,006 shares in the company, valued at approximately $6,512,498.70. The trade was a 72.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Christopher Hatto sold 7,724 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $72.00, for a total value of $556,128.00. Following the sale, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at $864,504. The trade was a 39.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 284,021 shares of company stock valued at $18,971,788 in the last ninety days. Insiders own 0.54% of the company’s stock.

Key Headlines Impacting General Motors

Here are the key news stories impacting General Motors this week:

General Motors Price Performance

Shares of GM opened at $82.32 on Wednesday. The firm has a market cap of $76.79 billion, a PE ratio of 16.56, a PEG ratio of 0.75 and a beta of 1.30. The firm’s 50 day moving average price is $74.20 and its 200 day moving average price is $61.98. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.06 and a current ratio of 1.23. General Motors Company has a twelve month low of $41.60 and a twelve month high of $83.68.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last posted its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, topping the consensus estimate of $2.32 by $0.48. The company had revenue of $48.59 billion during 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 company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.96 earnings per share. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, research analysts expect that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The business also recently announced 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. This represents a $0.60 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, December 5th. General Motors’s dividend payout ratio (DPR) is 12.07%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GM. The Goldman Sachs Group upped their price target on General Motors from $81.00 to $93.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. UBS Group upped their target price on General Motors from $85.00 to $97.00 and gave the company a “buy” rating in a report on Monday, December 15th. Evercore ISI raised their price target on shares of General Motors from $68.00 to $74.00 and gave the stock an “outperform” rating in a report on Monday, November 24th. 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. Finally, Mizuho set a $90.00 target price on shares of General Motors in a research report on Tuesday, December 16th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $75.76.

Check Out Our Latest Stock Analysis on General Motors

General Motors Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for General Motors (NYSE:GM)

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