10,596 General Motors Company $GM Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp lessened its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 4.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 212,179 shares of the auto manufacturer’s stock after selling 10,596 shares during the quarter. Fifth Third Bancorp’s holdings in General Motors were worth $16,338,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bingham Private Wealth LLC raised its stake in General Motors by 2.3% during the third quarter. Bingham Private Wealth LLC now owns 6,872 shares of the auto manufacturer’s stock worth $529,000 after acquiring an additional 155 shares in the last quarter. Maryland State Retirement & Pension System lifted its holdings in shares of General Motors by 10.4% in the third quarter. Maryland State Retirement & Pension System now owns 53,717 shares of the auto manufacturer’s stock worth $4,136,000 after acquiring an additional 5,059 shares during the last quarter. Ritholtz Wealth Management boosted its stake in shares of General Motors by 5.2% in the 3rd quarter. Ritholtz Wealth Management now owns 95,665 shares of the auto manufacturer’s stock valued at $7,366,000 after purchasing an additional 4,740 shares in the last quarter. First Command Advisory Services Inc. boosted its stake in shares of General Motors by 210.1% in the 3rd quarter. First Command Advisory Services Inc. now owns 5,287 shares of the auto manufacturer’s stock valued at $407,000 after purchasing an additional 3,582 shares in the last quarter. Finally, Machina Capital S.A.S. grew its holdings in shares of General Motors by 51.3% during the 3rd quarter. Machina Capital S.A.S. now owns 93,626 shares of the auto manufacturer’s stock valued at $7,209,000 after purchasing an additional 31,727 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at General Motors

In other General Motors news, EVP Rory Harvey sold 16,513 shares of the business’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $89.64, for a total value of $1,480,225.32. Following the transaction, the executive vice president owned 12,000 shares of the company’s stock, valued at approximately $1,075,680. The trade was a 57.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.44% of the company’s stock.

Latest General Motors News

Here’s some of the latest news about GM:

• Neutral Sentiment: A comparison of GM and Tesla highlights GM’s established brands and dealer network, but offers no new company-specific development likely to change near-term results. Article: General Motors vs. Tesla: Which Is the Better Automotive Stock to Buy Going Into 2027?
• Negative Sentiment: GM warned that some performance all-wheel-drive electric SUVs could suddenly lose brake pressure, raising safety concerns and the possibility of added costs if a remedy is needed. Article: GM warns its performance all-wheel-drive electric SUVs can suddenly lose brake pressure
• Negative Sentiment: Industry data cited in a report put the average new-car monthly payment near $776 in September, the highest since December 2023. Stretched buyer budgets could weigh on vehicle affordability and demand, including for GM. Article: A $776 Car Payment Is a Warning for Ford and General Motors

General Motors Price Performance

Shares of NYSE:GM opened at $85.96 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 1.32. The stock has a market cap of $72.51 billion, a PE ratio of 6.40, a price-to-earnings-growth ratio of 0.49 and a beta of 1.40. The stock’s fifty day simple moving average is $83.54 and its two-hundred day simple moving average is $80.99. General Motors Company has a 1-year low of $67.06 and a 1-year high of $93.70.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, October 20th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.69 by $0.01. General Motors had a net margin of 2.12% and a return on equity of 19.36%. The firm had revenue of $50.02 billion during the quarter, compared to analyst estimates of $48.78 billion. During the same quarter in the prior year, the business posted $2.80 EPS. The business’s revenue was up 2.9% compared to the same quarter last year. As a group, analysts forecast that General Motors Company will post 13.36 EPS for the current fiscal year.

General Motors announced that its board has initiated a share repurchase program on Tuesday, October 20th that authorizes the company to repurchase $20 billion in outstanding shares. This buyback authorization authorizes the auto manufacturer to repurchase up to 27.5% of its shares through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

General Motors Dividend Announcement

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

Analysts Set New Price Targets

GM has been the subject of a number of research analyst reports. Royal Bank Of Canada lowered their price objective on shares of General Motors from $102.00 to $98.00 and set an “outperform” rating for the company in a research report on Wednesday, October 21st. TD Cowen restated a “buy” rating and issued a $132.00 target price on shares of General Motors in a research report on Wednesday, October 21st. Tigress Financial raised their price objective on General Motors from $130.00 to $132.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 28th. BNP Paribas Exane upped their target price on General Motors from $102.00 to $112.00 and gave the stock an “outperform” rating in a report on Monday, August 31st. Finally, Deutsche Bank set a $98.00 target price on General Motors in a research report on Wednesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, General Motors has an average rating of “Moderate Buy” and an average target price of $101.44.

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.