General Motors Company $GM Stock: Park Avenue Securities LLC Increases Position

Park Avenue Securities LLC increased its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 11.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 64,654 shares of the auto manufacturer’s stock after buying an additional 6,697 shares during the quarter. Park Avenue Securities LLC’s holdings in General Motors were worth $4,978,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of General Motors in the second quarter valued at $5,958,995,000. Dimensional Fund Advisors LP lifted its stake in General Motors by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,225,518 shares of the auto manufacturer’s stock worth $1,059,668,000 after acquiring an additional 77,100 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in General Motors by 1.2% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,559,990 shares of the auto manufacturer’s stock worth $659,804,000 after acquiring an additional 101,885 shares in the last quarter. Bank of America Corp DE purchased a new position in General Motors during the 2nd quarter valued at about $629,465,000. Finally, Legal & General Group Plc purchased a new position in General Motors during the 2nd quarter valued at about $599,066,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Key General Motors News

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

• Positive Sentiment: GM plans to transfer its stock listing from the NYSE to the Nasdaq Global Select Market, reinforcing its technology and software positioning. The move could also make GM eligible for future Nasdaq-100 inclusion, potentially increasing visibility and demand from index-tracking funds. GM is shifting gears to the Nasdaq
• Positive Sentiment: The automaker is pivoting toward hybrids, reportedly planning hybrid versions of the Chevrolet Traverse, GMC Acadia and Buick Enclave. GM also plans roughly $2 billion of investment to build hybrids at its Lansing, Michigan, facilities, allowing it to address consumer demand for electrification without relying solely on fully electric vehicles. GM to Offer Hybrid SUVs
• Neutral Sentiment: Recent coverage highlights quieter improvements in GM’s earnings and capital returns. The company previously reported quarterly revenue of $50.02 billion and earnings of $3.70 per share, narrowly exceeding analyst expectations, while its shares had delivered a positive total return over the past year. What General Motors Holders Got Right
• Negative Sentiment: GM agreed to pay $220 million to settle allegations from 36 states that it improperly sold or shared drivers’ private driving-behavior and location data with data brokers and insurers. State payments include approximately $7.2 million to Michigan, $8 million to Ohio and more than $6 million to Connecticut. The settlement creates a direct financial cost and may increase regulatory, reputational and privacy-compliance risks. GM reaches $220M settlement over selling drivers’ private data

General Motors Stock Performance

NYSE GM opened at $85.67 on Friday. The company has a fifty day moving average of $83.06 and a two-hundred day moving average of $80.60. The company has a market capitalization of $72.27 billion, a PE ratio of 6.12, a P/E/G ratio of 0.47 and a beta of 1.40. General Motors Company has a 1 year low of $66.75 and a 1 year high of $91.85. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.09 and a quick ratio of 0.94.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, October 20th. The auto manufacturer reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $3.69 by $0.01. The company had revenue of $50.02 billion during the quarter, compared to the consensus estimate of $48.78 billion. General Motors had a return on equity of 19.36% and a net margin of 2.12%. General Motors’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.80 earnings per share. As a group, analysts expect that General Motors Company will post 13.38 earnings per share for the current year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Friday, December 4th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, December 4th. General Motors’s dividend payout ratio is 16.51%.

General Motors declared that its Board of Directors has authorized a stock buyback plan on Tuesday, October 20th that allows the company to repurchase $20 billion in shares. This repurchase authorization allows the auto manufacturer to repurchase up to 27.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on GM shares. Truist Financial set a $105.00 target price on General Motors in a research report on Wednesday, October 7th. The Goldman Sachs Group lowered their price objective on shares of General Motors from $112.00 to $96.00 and set a “buy” rating for the company in a research note on Wednesday, October 21st. TD Cowen restated a “buy” rating and issued a $132.00 price objective on shares of General Motors in a report on Wednesday, October 21st. Barclays dropped their price objective on shares of General Motors from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, October 21st. Finally, JPMorgan Chase & Co. cut their target price on shares of General Motors from $120.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $101.44.

Insider Activity

In other news, EVP Grant Dixton sold 40,000 shares of General Motors stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $88.44, for a total transaction of $3,537,600.00. Following the completion of the sale, the executive vice president directly owned 54,992 shares in the company, valued at $4,863,492.48. The trade was a 42.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by corporate insiders.

General Motors Company Profile

General Motors Company (NYSE: GM) is a global automotive company headquartered in Detroit, Michigan. Founded in 1908, GM designs, manufactures and sells vehicles and related services through brands including Chevrolet, Buick, GMC and Cadillac.

GM’s product lineup includes passenger cars, pickup trucks, sport utility vehicles, commercial vehicles and electric vehicles. The company is also developing connected-vehicle technologies, driver-assistance systems and charging and energy-management solutions.