Engineers Gate Manager LP cut its stake in shares of General Motors Company (NYSE:GM – Free Report) (TSE:GMM.U) by 46.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 667,440 shares of the auto manufacturer’s stock after selling 587,993 shares during the quarter. General Motors accounts for 0.6% of Engineers Gate Manager LP’s investment portfolio, making the stock its 24th biggest position. Engineers Gate Manager LP’s holdings in General Motors were worth $54,276,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of GM. Brighton Jones LLC boosted its position in 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 during the last quarter. Sivia Capital Partners LLC lifted its stake in General Motors by 61.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 18,548 shares of the auto manufacturer’s stock valued at $913,000 after purchasing an additional 7,058 shares during the last quarter. Baird Financial Group Inc. lifted its stake 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 purchasing an additional 1,706 shares during the last quarter. Jump Financial LLC lifted its stake in General Motors by 45.7% in the 2nd quarter. Jump Financial LLC now owns 25,366 shares of the auto manufacturer’s stock valued at $1,248,000 after purchasing an additional 7,951 shares during the last quarter. Finally, AXA S.A. lifted its stake in General Motors by 69.4% in the 2nd quarter. AXA S.A. now owns 66,547 shares of the auto manufacturer’s stock valued at $3,275,000 after purchasing an additional 27,270 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.
General Motors Stock Down 3.7%
General Motors stock opened at $79.50 on Thursday. The stock has a market cap of $71.68 billion, a P/E ratio of 32.06, a P/E/G ratio of 0.42 and a beta of 1.30. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.41. General Motors Company has a twelve month low of $47.63 and a twelve month high of $87.62. The company’s 50-day moving average price is $78.98 and its two-hundred day moving average price is $79.17.
General Motors Dividend Announcement
The business also recently declared 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 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, June 5th. General Motors’s dividend payout ratio is currently 29.03%.
Trending Headlines about General Motors
Here are the key news stories impacting General Motors this week:
- Positive Sentiment: GM and Lockheed Martin said they are collaborating on defense projects to strengthen the U.S. manufacturing and defense industrial base, with reports indicating GM could help make weapons components. GM, Lockheed to collaborate on defense projects
- Positive Sentiment: The U.S. Air Force awarded production contracts to General Atomics and Anduril for semi-autonomous drone wingmen, underscoring rising defense spending that could support GM’s expanded defense ambitions. US Air Force awards production contracts to General Atomics, Anduril for drone wingmen
- Neutral Sentiment: GM also unveiled a new 2027 Chevrolet Silverado, which may help sentiment by highlighting product refresh momentum, though the impact on near-term earnings is unclear. GM reveals new Silverado pickup as Ford F-150 sales falter
- Negative Sentiment: Recent coverage noted GM had fallen more than the broader market, suggesting investors were taking profits after the stock’s sharp rally and viewing the move as extended in the short term. Here’s Why General Motors (GM) Fell More Than Broader Market
Insider Buying and Selling at General Motors
In related news, CEO Mary T. Barra sold 215,391 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were 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 in the company, valued at approximately $61,646,984.91. This represents a 21.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 79,494 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $83.02, for a total transaction of $6,599,591.88. Following the completion of the transaction, the executive vice president owned 46,519 shares in the company, valued at $3,862,007.38. This trade represents a 63.08% 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 have sold a total of 598,149 shares of company stock valued at $49,307,358 in the last three months. 0.54% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
GM has been the subject of several recent analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $102.00 target price on shares of General Motors in a research note on Wednesday, April 29th. UBS Group reiterated a “buy” rating on shares of General Motors in a research note on Wednesday, June 10th. Wells Fargo & Company raised their target price on shares of General Motors from $57.00 to $59.00 and gave the company an “underweight” rating in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a “hold” rating to a “buy” rating and raised their target price for the company from $83.00 to $90.00 in a research note on Tuesday, April 14th. Finally, The Goldman Sachs Group cut their target price on shares of General Motors from $104.00 to $91.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, General Motors has a consensus rating of “Moderate Buy” and an average price target of $95.65.
Get Our Latest Analysis on General Motors
General Motors Company Profile
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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