M Holdings Securities Inc. acquired a new position in shares of General Motors Company (NYSE:GM – Free Report) (TSE:GMM.U) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,980 shares of the auto manufacturer’s stock, valued at approximately $614,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in General Motors during the second quarter worth about $5,958,995,000. Bank of America Corp DE acquired a new position in General Motors during the second quarter worth about $629,465,000. Legal & General Group Plc acquired a new position in General Motors during the second quarter worth about $599,066,000. Bank of New York Mellon Corp purchased a new position in General Motors in the second quarter valued at about $522,916,000. Finally, Deutsche Bank AG purchased a new position in General Motors in the second quarter valued at about $383,939,000. Institutional investors and hedge funds own 92.67% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on GM shares. Wall Street Zen downgraded shares of General Motors from a “buy” rating to a “hold” rating in a research report on Saturday. BNP Paribas Exane upped their price target on General Motors from $102.00 to $112.00 and gave the stock an “outperform” rating in a report on Monday, August 31st. Yorkville Ives assumed coverage on General Motors in a research note on Monday, October 5th. They issued an “outperform” rating and a $100.00 price objective for the company. Daiwa Securities Group raised their price objective on General Motors from $83.00 to $86.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Finally, Truist Financial set a $105.00 price objective on General Motors in a report on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $101.44.
Read Our Latest Analysis on GM
General Motors Stock Down 1.0%
GM opened at $88.71 on Wednesday. The firm has a market cap of $74.83 billion, a P/E ratio of 6.65, a PEG ratio of 0.51 and a beta of 1.40. The business’s fifty day simple moving average is $83.46 and its 200 day simple moving average is $80.91. General Motors Company has a 52 week low of $67.06 and a 52 week high of $93.70. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 1.32.
General Motors (NYSE:GM – Get Free Report) (TSE:GMM.U) last announced its earnings results on Tuesday, October 20th. The auto manufacturer reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.69 by $0.01. The firm had revenue of $50.02 billion during the quarter, compared to the consensus estimate of $48.78 billion. General Motors had a net margin of 2.12% and a return on equity of 19.36%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.80 EPS. As a group, equities research analysts anticipate that General Motors Company will post 13.36 EPS for the current fiscal year.
General Motors Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Friday, December 4th will be issued a dividend of $0.18 per share. The ex-dividend date is Friday, December 4th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. General Motors’s payout ratio is 16.51%.
General Motors announced that its board has approved a stock buyback program on Tuesday, October 20th that permits the company to repurchase $20 billion in shares. This repurchase authorization permits the auto manufacturer to repurchase up to 27.5% of its stock through open market purchases. Share repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Insider Activity at General Motors
In other news, EVP Rory Harvey sold 16,513 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $89.64, for a total value of $1,480,225.32. Following the completion of the transaction, the executive vice president owned 12,000 shares of the company’s stock, valued at $1,075,680. The trade was a 57.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is currently owned by company insiders.
Key General Motors News
Here are the key news stories impacting General Motors this week:
- Positive Sentiment: GM is expanding recurring digital revenue through OnStar and Super Cruise subscriptions. A newly announced in-car AI assistant could also strengthen its technology offering, though adoption and revenue impact remain to be seen. Can OnStar and Super Cruise Drive GM’s Digital Revenue Growth? GM’s new in-car AI assistant
- Positive Sentiment: GM’s next-generation 2027 Chevrolet Silverado and GMC Sierra pickups, with upgraded engines and premium trims, could support a richer sales mix and profitability. Can GM’s Next-Generation Pickups Support Growth in 2027?
- Positive Sentiment: GM’s investment activity alongside Honda reflects automakers’ renewed interest in hybrids, potentially giving GM another way to address consumer demand as powertrain preferences evolve. GM, Honda Investments Reflect Rising Interest In Hybrids
- Neutral Sentiment: GM is revamping its CarBravo certified-used program to persuade some used-car shoppers to consider new vehicles. The strategy could help new-car sales, but higher prices remain a hurdle for buyers. How GM is trying to talk used car shoppers into buying new vehicles
- Negative Sentiment: GM is recalling 67,380 electric vehicles after software could briefly interrupt low-speed braking. Another report cites more than 87,000 recalled vehicles; the safety issue and potential repair costs add a near-term risk, although the articles do not quantify the financial impact. GM Recalls Over 67,000 EVs For Brake Glitch GM recalls more than 87,000 vehicles
General Motors Company Profile
General Motors Company designs, manufactures and sells cars, trucks, crossovers and sport utility vehicles. Its vehicle brands include Chevrolet, Buick, GMC and Cadillac, and its offerings also include vehicle parts, software and related services. GM Financial provides automotive financing and leasing products to customers and dealers. Founded in 1908, General Motors is headquartered in Detroit, Michigan. The company serves customers in North America and international markets, with operations and sales spanning multiple regions.
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