Rakuten Investment Management Inc. Raises Position in General Motors Company $GM

Rakuten Investment Management Inc. grew its position in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 64.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 123,531 shares of the auto manufacturer’s stock after acquiring an additional 48,328 shares during the period. Rakuten Investment Management Inc.’s holdings in General Motors were worth $10,244,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. boosted its holdings in shares of General Motors by 2.7% in the fourth quarter. Franklin Resources Inc. now owns 32,158,403 shares of the auto manufacturer’s stock valued at $2,615,121,000 after acquiring an additional 835,645 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of General Motors by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 22,242,381 shares of the auto manufacturer’s stock valued at $1,802,668,000 after acquiring an additional 267,477 shares in the last quarter. Capital World Investors boosted its holdings in shares of General Motors by 7.8% in the fourth quarter. Capital World Investors now owns 19,536,049 shares of the auto manufacturer’s stock valued at $1,588,688,000 after acquiring an additional 1,405,530 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of General Motors by 5.5% in the third quarter. AQR Capital Management LLC now owns 14,252,689 shares of the auto manufacturer’s stock valued at $868,986,000 after acquiring an additional 748,831 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in shares of General Motors by 3.9% in the fourth quarter. Morgan Stanley now owns 13,191,028 shares of the auto manufacturer’s stock valued at $1,072,695,000 after acquiring an additional 494,404 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GM shares. Wedbush reaffirmed an “outperform” rating and issued a $95.00 target price on shares of General Motors in a report on Monday, May 11th. Bank of America started coverage on shares of General Motors in a report on Wednesday, March 4th. They set a “buy” rating and a $105.00 price objective on the stock. Evercore reissued an “outperform” rating and set a $100.00 price objective on shares of General Motors in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $83.00 to $90.00 in a report on Tuesday, April 14th. Finally, 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 report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $95.65.

Check Out Our Latest Report on General Motors

More General Motors News

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

General Motors Stock Performance

Shares of GM stock opened at $82.55 on Wednesday. General Motors Company has a one year low of $47.63 and a one year high of $87.62. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.99 and a current ratio of 1.15. The company has a 50 day moving average price of $78.86 and a 200 day moving average price of $79.12. The firm has a market capitalization of $74.43 billion, a price-to-earnings ratio of 33.29, a price-to-earnings-growth ratio of 0.42 and a beta of 1.30.

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

General Motors Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Mary T. Barra sold 20,582 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $85.00, for a total value of $1,749,470.00. Following the completion of the transaction, the chief executive officer directly owned 592,242 shares in the company, valued at approximately $50,340,570. This represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Hatto sold 6,895 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $85.00, for a total transaction of $586,075.00. Following the completion of the transaction, the chief accounting officer owned 25,794 shares of the company’s stock, valued at $2,192,490. This trade represents a 21.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 598,149 shares of company stock worth $49,307,358 over the last ninety days. 0.54% of the stock is owned by company insiders.

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.

Featured Articles

Want to see what other hedge funds are holding GM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Motors Company (NYSE:GMFree Report) (TSE:GMM.U).

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

Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.