Te Ahumairangi Investment Management Ltd Sells 34,910 Shares of General Motors Company $GM

Te Ahumairangi Investment Management Ltd lowered its position in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 35.1% during the fourth quarter, HoldingsChannel reports. The fund owned 64,422 shares of the auto manufacturer’s stock after selling 34,910 shares during the quarter. Te Ahumairangi Investment Management Ltd’s holdings in General Motors were worth $5,239,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of General Motors by 456.1% during the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock valued at $2,062,000 after purchasing an additional 31,755 shares in the last quarter. Sivia Capital Partners LLC increased its stake in shares of General Motors by 61.4% in the second quarter. Sivia Capital Partners LLC now owns 18,548 shares of the auto manufacturer’s stock valued at $913,000 after buying an additional 7,058 shares during the period. Baird Financial Group Inc. raised its holdings in General Motors by 4.8% in the 2nd quarter. Baird Financial Group Inc. now owns 37,524 shares of the auto manufacturer’s stock valued at $1,847,000 after buying an additional 1,706 shares during the last quarter. Jump Financial LLC boosted its position in General Motors by 45.7% during the 2nd quarter. Jump Financial LLC now owns 25,366 shares of the auto manufacturer’s stock worth $1,248,000 after buying an additional 7,951 shares during the period. Finally, AXA S.A. grew its holdings in General Motors by 69.4% during the 2nd quarter. AXA S.A. now owns 66,547 shares of the auto manufacturer’s stock worth $3,275,000 after acquiring an additional 27,270 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Trending Headlines about General Motors

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

  • Positive Sentiment: GM unveiled new battery and energy-storage initiatives, including a partnership with Peak Energy and a push into sodium-ion and grid-storage technology, which could open new revenue streams. GM battery technology article
  • Positive Sentiment: GM is also expanding vehicle-to-grid capabilities, allowing some EV owners to sell power back to the grid, reinforcing the company’s position in the energy ecosystem. GM vehicle-to-grid article
  • Positive Sentiment: Analysts at Erste Group Bank nudged higher their earnings estimates for GM, which can support sentiment by signaling stronger profit expectations. GM analyst estimate update
  • Neutral Sentiment: CEO Mary Barra sold shares in a pre-arranged Rule 10b5-1 plan; while routine, insider selling can create some caution among investors. Barra Form 4 filing
  • Negative Sentiment: GM also faced headlines about a dealer lawsuit, criticism of oversized trucks, and political scrutiny over right-to-repair issues, which may weigh on sentiment even if they are less immediate than the battery news. GM dealer lawsuit article

Insider Buying and Selling at General Motors

In other General Motors news, CEO Mary T. Barra sold 215,391 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $80.01, for a total value of $17,233,433.91. Following the transaction, the chief executive officer directly owned 770,491 shares of the company’s stock, valued at approximately $61,646,984.91. The trade was a 21.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 79,494 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $83.02, for a total value of $6,599,591.88. Following the transaction, the executive vice president owned 46,519 shares in the company, valued at $3,862,007.38. The trade was a 63.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 598,149 shares of company stock valued at $49,307,358. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

GM has been the subject of several recent research reports. Wolfe Research upgraded shares of General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 price target for the company in a research report on Wednesday, March 25th. Wells Fargo & Company boosted their price objective on shares of General Motors from $57.00 to $59.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 29th. Citigroup raised their target price on General Motors from $108.00 to $131.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Royal Bank Of Canada cut their target price on General Motors from $96.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Finally, Wedbush reiterated an “outperform” rating and issued a $95.00 price target on shares of General Motors in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.65.

Read Our Latest Stock Report on General Motors

General Motors Stock Performance

Shares of GM opened at $80.92 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $72.96 billion, a P/E ratio of 32.63, a price-to-earnings-growth ratio of 0.40 and a beta of 1.30. The firm’s fifty day simple moving average is $78.30 and its two-hundred day simple moving average is $78.90. General Motors Company has a 12 month low of $47.63 and a 12 month high of $87.62.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share for the quarter, topping the consensus estimate of $2.61 by $1.09. General Motors had a return on equity of 16.68% and a net margin of 1.38%.The firm had revenue of $43.62 billion during the quarter, compared to analyst estimates of $43.51 billion. During the same period last year, the company posted $2.78 EPS. The business’s quarterly revenue was down .9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, analysts predict that General Motors Company will post 12.85 EPS for the current year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, June 5th. General Motors’s payout ratio is presently 29.03%.

About General Motors

(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.

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

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