Dynamic Technology Lab Private Ltd purchased a new position in shares of General Motors Company (NYSE:GM – Free Report) (TSE:GMM.U) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,910 shares of the auto manufacturer’s stock, valued at approximately $1,375,000.
Several other institutional investors have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of General Motors by 21.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,245,861 shares of the auto manufacturer’s stock worth $670,553,000 after acquiring an additional 1,430,683 shares in the last quarter. Banco Santander S.A. grew its stake in shares of General Motors by 184.2% in the 4th quarter. Banco Santander S.A. now owns 11,261 shares of the auto manufacturer’s stock worth $916,000 after acquiring an additional 7,299 shares in the last quarter. Sumitomo Life Insurance Co. grew its stake in shares of General Motors by 0.7% in the 4th quarter. Sumitomo Life Insurance Co. now owns 19,477 shares of the auto manufacturer’s stock worth $1,584,000 after acquiring an additional 127 shares in the last quarter. Keystone Investors PTE Ltd. grew its stake in shares of General Motors by 76.5% in the 4th quarter. Keystone Investors PTE Ltd. now owns 12,426 shares of the auto manufacturer’s stock worth $1,010,000 after acquiring an additional 5,386 shares in the last quarter. Finally, Wealthspire Advisors LLC grew its stake in shares of General Motors by 162.2% in the 4th quarter. Wealthspire Advisors LLC now owns 11,622 shares of the auto manufacturer’s stock worth $945,000 after acquiring an additional 7,189 shares in the last quarter. Institutional investors own 92.67% of the company’s stock.
General Motors Trading Up 0.7%
Shares of General Motors stock opened at $81.44 on Friday. General Motors Company has a 1 year low of $47.63 and a 1 year high of $87.62. The firm has a market cap of $73.43 billion, a PE ratio of 32.84, a P/E/G ratio of 0.41 and a beta of 1.30. The stock has a fifty day moving average price of $78.43 and a 200-day moving average price of $78.92. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.15 and a quick ratio of 0.99.
General Motors Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, June 5th. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. General Motors’s dividend payout ratio is presently 29.03%.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on GM shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $95.00 target price on shares of General Motors in a research note on Friday. Piper Sandler reaffirmed an “overweight” rating and set a $102.00 target price on shares of General Motors in a research report on Wednesday, April 29th. TD Cowen raised their target price on General Motors from $122.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Wells Fargo & Company raised their target price on General Motors from $57.00 to $59.00 and gave the company an “underweight” rating in a research report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft raised 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 report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.65.
View Our Latest Analysis on GM
Insider Transactions at General Motors
In other news, EVP Rory Harvey sold 79,494 shares of the stock in a transaction on Wednesday, May 27th. The stock was 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 approximately $3,862,007.38. This represents a 63.08% decrease in their position. The transaction was disclosed in a legal 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 215,391 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $80.01, for a total value of $17,233,433.91. Following the transaction, the chief executive officer owned 770,491 shares of the company’s stock, valued at $61,646,984.91. The trade was a 21.85% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 598,149 shares of company stock worth $49,307,358. 0.54% of the stock is owned by company insiders.
General Motors News Roundup
Here are the key news stories impacting General Motors this week:
- Positive Sentiment: GM’s Redwood Materials partnership and broader battery-lifecycle strategy may create new revenue opportunities and strengthen its EV ecosystem.
- Positive Sentiment: Analysts highlighted GM’s energy-storage business as overlooked, and recent earnings estimate increases suggest improving profit expectations.
- Neutral Sentiment: CEO Mary Barra sold shares under a pre-arranged trading plan, which is routine but can still make some investors cautious. SEC filing
- Negative Sentiment: GM continues to face negative headlines around dealer disputes, political scrutiny over repair-rights issues, and criticism of its truck lineup, which could weigh on sentiment.
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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