General Motors (NYSE:GM) Hits New 1-Year High – Here’s What Happened

General Motors Company (NYSE:GM) (TSE:GMM.U) shares reached a new 52-week high during trading on Monday . The stock traded as high as $83.68 and last traded at $83.25, with a volume of 600196 shares trading hands. The stock had previously closed at $82.35.

Wall Street Analyst Weigh In

GM has been the topic of several recent analyst reports. Zacks Research upgraded shares of General Motors from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Evercore ISI upped their price target on shares of General Motors from $68.00 to $74.00 and gave the stock an “outperform” rating in a research report on Monday, November 24th. Wedbush increased their price target on shares of General Motors from $75.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday. Weiss Ratings cut shares of General Motors from a “buy (b-)” rating to a “hold (c)” rating in a research note on Saturday, October 25th. Finally, Royal Bank Of Canada upped their price objective on General Motors from $77.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $75.76.

General Motors Trading Up 0.7%

The firm’s 50 day simple moving average is $70.83 and its 200-day simple moving average is $60.29. The company has a market capitalization of $77.36 billion, a PE ratio of 16.69, a P/E/G ratio of 0.75 and a beta of 1.30. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 1.40.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.48. General Motors had a net margin of 1.62% and a return on equity of 12.29%. The business had revenue of $48.59 billion for the quarter, compared to analyst estimates of $44.60 billion. During the same quarter in the previous year, the business posted $2.96 EPS. The business’s quarterly revenue was down .3% on a year-over-year basis. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, equities research analysts anticipate that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Friday, December 5th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.7%. General Motors’s dividend payout ratio is presently 12.07%.

Insider Buying and Selling

In related news, President Mark L. Reuss sold 260,600 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the transaction, the president directly owned 98,006 shares of the company’s stock, valued at approximately $6,512,498.70. The trade was a 72.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Mary T. Barra sold 753,720 shares of the company’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $59.95, for a total value of $45,185,514.00. Following the completion of the transaction, the chief executive officer owned 433,527 shares of the company’s stock, valued at approximately $25,989,943.65. This represents a 63.48% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,254,589 shares of company stock valued at $77,219,450. Corporate insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On General Motors

A number of large investors have recently added to or reduced their stakes in GM. AIA Group Ltd lifted its holdings in General Motors by 111.2% in the 3rd quarter. AIA Group Ltd now owns 223,089 shares of the auto manufacturer’s stock worth $13,602,000 after buying an additional 117,445 shares in the last quarter. Keel Point LLC purchased a new stake in shares of General Motors during the third quarter worth about $265,000. Mirabella Financial Services LLP lifted its stake in shares of General Motors by 275.1% in the third quarter. Mirabella Financial Services LLP now owns 29,694 shares of the auto manufacturer’s stock worth $1,807,000 after acquiring an additional 21,777 shares in the last quarter. Allworth Financial LP boosted its holdings in General Motors by 28.9% in the third quarter. Allworth Financial LP now owns 16,860 shares of the auto manufacturer’s stock valued at $1,028,000 after purchasing an additional 3,777 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in General Motors by 2.0% in the third quarter. IFP Advisors Inc now owns 20,539 shares of the auto manufacturer’s stock valued at $1,252,000 after purchasing an additional 403 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

About General Motors

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.