Redwood Investment Management LLC Acquires Shares of 14,027 General Motors Company $GM

Redwood Investment Management LLC acquired a new stake in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 14,027 shares of the auto manufacturer’s stock, valued at approximately $1,045,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Norges Bank bought a new stake in General Motors during the fourth quarter worth about $918,724,000. Viking Global Investors LP raised its position in General Motors by 81.1% in the 2nd quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock valued at $640,659,000 after purchasing an additional 5,830,050 shares during the last quarter. Life Cycle Investment Partners Ltd acquired a new position in General Motors in the fourth quarter worth $309,380,000. Two Sigma Investments LP grew its holdings in shares of General Motors by 348.4% during the third quarter. Two Sigma Investments LP now owns 3,549,170 shares of the auto manufacturer’s stock worth $216,393,000 after purchasing an additional 2,757,695 shares during the last quarter. Finally, SEB Asset Management AB bought a new stake in shares of General Motors during the first quarter worth $171,892,000. 92.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Tigress Financial boosted their target price on shares of General Motors from $92.00 to $130.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 28th. JPMorgan Chase & Co. lifted their target price on General Motors from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. Evercore restated an “outperform” rating and set a $100.00 target price on shares of General Motors in a research report on Monday, May 4th. Jefferies Financial Group raised shares of General Motors from a “hold” rating to a “buy” rating and raised their price objective for the company from $90.00 to $99.00 in a research note on Monday, July 27th. Finally, Wells Fargo & Company lifted their target price on shares of General Motors from $60.00 to $61.00 and gave the stock an “underweight” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $101.41.

Check Out Our Latest Report on GM

Insider Transactions at General Motors

In related news, EVP Rory Harvey sold 79,494 shares of General Motors 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 sale, the executive vice president owned 46,519 shares of the company’s stock, valued at approximately $3,862,007.38. This trade represents a 63.08% decrease in their position. 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, CEO Mary T. Barra sold 318,448 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $90.38, for a total transaction of $28,781,330.24. Following the completion of the sale, the chief executive officer directly owned 428,994 shares in the company, valued at approximately $38,772,477.72. This represents a 42.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,247,053 shares of company stock valued at $106,763,425 in the last ninety days. Corporate insiders own 0.44% of the company’s stock.

General Motors Price Performance

Shares of GM opened at $87.68 on Tuesday. The stock has a 50 day simple moving average of $80.74 and a 200 day simple moving average of $79.06. General Motors Company has a 52-week low of $52.09 and a 52-week high of $91.85. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.97 and a current ratio of 1.14. The firm has a market capitalization of $76.94 billion, a PE ratio of 44.28, a P/E/G ratio of 0.41 and a beta of 1.30.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, July 21st. The auto manufacturer reported $3.57 EPS for the quarter, topping analysts’ consensus estimates of $3.19 by $0.38. The business had revenue of $48.03 billion for the quarter, compared to analyst estimates of $47.01 billion. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the business posted $2.53 earnings per share. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Sell-side analysts predict that General Motors Company will post 13.27 EPS for the current fiscal year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Friday, September 4th will be issued a dividend of $0.18 per share. The ex-dividend date is Friday, September 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. General Motors’s dividend payout ratio (DPR) is presently 36.36%.

General Motors 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.

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

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