QRG Capital Management Inc. Decreases Stock Position in General Motors Company $GM

QRG Capital Management Inc. cut its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 34.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218,689 shares of the auto manufacturer’s stock after selling 116,811 shares during the quarter. QRG Capital Management Inc.’s holdings in General Motors were worth $13,333,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in GM. Brighton Jones LLC boosted its position in General Motors by 456.1% during the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock worth $2,062,000 after purchasing an additional 31,755 shares during the period. Sivia Capital Partners LLC boosted its holdings in General Motors by 61.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 18,548 shares of the auto manufacturer’s stock worth $913,000 after buying an additional 7,058 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in General Motors by 26.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 196,143 shares of the auto manufacturer’s stock valued at $10,374,000 after buying an additional 40,589 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in General Motors during the 2nd quarter valued at $125,583,000. Finally, Perpetual Ltd lifted its position in shares of General Motors by 13.7% during the second quarter. Perpetual Ltd now owns 28,464 shares of the auto manufacturer’s stock worth $1,401,000 after acquiring an additional 3,439 shares in the last quarter. Institutional investors own 92.67% of the company’s stock.

Key Stories Impacting General Motors

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

• Positive Sentiment: High-profile brand moment: GM unveiled Cadillac’s Formula 1 test car in a dramatic reveal that boosts Cadillac/GM branding and technology credibility, a potential long-term positive for investor sentiment and premium positioning. GM stuns with dramatic reveal of Cadillac’s new Formula 1 test car
• Positive Sentiment: Tax-credit defense via Mexico investment: reporting says GM’s $1B Mexico investment appears structured to preserve U.S. EV tax-credit eligibility while expanding capacity — this could protect EV demand and margins tied to tax incentives. GM Found A Way To Build In Mexico — And Still Qualify For US EV Credits
• Positive Sentiment: Diversification into energy storage: coverage notes automakers including GM are expanding into energy storage products, which could offset slower EV battery demand and open new revenue streams. Automakers like Ford and GM are jumping into a whole new business where Tesla is a serious player
• Neutral Sentiment: Public relations/visitor access: GM is opening its new HQ for a one-time public showcase, a small PR positive that increases local and investor visibility but has limited financial impact. GM Hosting Public Showcase At The Department At Hudson’s On January 17th
• Neutral Sentiment: Investor attention and screens: market commentary and analyst lists (Zacks coverage, inclusion in price-to-book screens) are driving interest but don’t supply new fundamental catalysts. General Motors Company (GM) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Major recall — engine stall risk: GM is recalling nearly 600,000 vehicles over an engine-stall defect, which could lead to warranty, repair costs and reputational damage. GM recalls nearly 600,000 vehicles over engine stall defect
• Negative Sentiment: Additional recall for pedestrian alert systems: GM recalled over 80,000 Chevy vehicles for defective pedestrian alert sounds that may not warn pedestrians — another near-term liability and safety concern. GM recalls over 80,000 Chevy vehicles over defective pedestrian alert sound system citing serious risk
• Negative Sentiment: FTC data ban finalized: regulators banned GM from selling drivers’ location data for five years, formalizing restrictions on OnStar/data monetization and potentially reducing ancillary revenue and raising compliance costs. FTC bans General Motors from selling drivers’ location data for five years
• Negative Sentiment: EV transition costs mounting: reporting highlights GM’s admission that its EV push has cost about $6B with losses still mounting, a reminder of margin pressure and capital intensity in the transition. General Motors CEO calls unexpected vehicles ‘end game’ despite extreme policy pushback: ‘I still think we’ll get there’

Analyst Ratings Changes

GM has been the topic of a number of analyst reports. Morgan Stanley upgraded General Motors from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $54.00 to $90.00 in a research note on Monday, December 8th. Mizuho set a $100.00 price target on General Motors in a research report on Friday, January 9th. Wells Fargo & Company raised their price objective on shares of General Motors from $46.00 to $48.00 and gave the company an “underweight” rating in a research report on Tuesday, December 9th. Wall Street Zen cut shares of General Motors from a “buy” rating to a “hold” rating in a research note on Sunday, January 4th. Finally, Argus set a $78.00 price target on shares of General Motors in a research report on Thursday, October 23rd. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.41.

Insider Buying and Selling

In other news, President Mark L. Reuss sold 260,600 shares of the stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $66.45, for a total value of $17,316,870.00. Following the sale, the president owned 98,006 shares in the company, valued at $6,512,498.70. This represents a 72.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Christopher Hatto sold 7,724 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $72.00, for a total transaction of $556,128.00. Following the transaction, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at approximately $864,504. This trade represents a 39.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 284,021 shares of company stock worth $18,971,788. 0.54% of the stock is owned by insiders.

General Motors Price Performance

General Motors stock opened at $80.79 on Friday. General Motors Company has a 1 year low of $41.60 and a 1 year high of $85.18. The stock has a market cap of $75.37 billion, a price-to-earnings ratio of 16.26, a price-to-earnings-growth ratio of 0.64 and a beta of 1.31. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.06. The firm has a 50-day moving average of $77.69 and a two-hundred day moving average of $64.90.

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

General Motors Dividend Announcement

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

General Motors 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.