Rakuten Investment Management Inc. Purchases New Position in General Motors Company $GM

Rakuten Investment Management Inc. acquired a new position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 75,203 shares of the auto manufacturer’s stock, valued at approximately $4,585,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GM. Hemington Wealth Management increased its stake in shares of General Motors by 14.5% during the third quarter. Hemington Wealth Management now owns 1,219 shares of the auto manufacturer’s stock worth $74,000 after purchasing an additional 154 shares during the period. Resonant Capital Advisors LLC increased its position in General Motors by 3.4% during the 3rd quarter. Resonant Capital Advisors LLC now owns 5,222 shares of the auto manufacturer’s stock worth $318,000 after buying an additional 171 shares during the period. Sowell Financial Services LLC increased its position in General Motors by 2.9% during the 2nd quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer’s stock worth $336,000 after buying an additional 195 shares during the period. Mayflower Financial Advisors LLC boosted its position in shares of General Motors by 4.1% in the second quarter. Mayflower Financial Advisors LLC now owns 5,163 shares of the auto manufacturer’s stock valued at $254,000 after acquiring an additional 205 shares during the period. Finally, Certuity LLC boosted its position in shares of General Motors by 3.6% in the second quarter. Certuity LLC now owns 6,043 shares of the auto manufacturer’s stock valued at $297,000 after acquiring an additional 209 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GM. Zacks Research upgraded shares of General Motors from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. UBS Group reaffirmed a “buy” rating on shares of General Motors in a report on Friday, January 9th. Wells Fargo & Company boosted their price target on General Motors from $46.00 to $48.00 and gave the company an “underweight” rating in a research note on Tuesday, December 9th. Tigress Financial increased their price target on General Motors from $88.00 to $92.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 24th. Finally, JPMorgan Chase & Co. raised their price objective on General Motors from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $79.32.

General Motors Stock Performance

NYSE GM opened at $81.00 on Friday. The firm’s 50 day simple moving average is $78.39 and its 200 day simple moving average is $65.57. The firm has a market capitalization of $75.56 billion, a price-to-earnings ratio of 16.30, a P/E/G ratio of 0.64 and a beta of 1.31. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 1.40. General Motors Company has a 1 year low of $41.60 and a 1 year high of $85.18.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.48. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The firm had revenue of $48.59 billion during the quarter, compared to analysts’ expectations of $44.60 billion. During the same period in the prior year, the company earned $2.96 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. As a group, research analysts expect that General Motors Company will post 11.44 earnings per share for the current fiscal year.

Insider Activity at General Motors

In related news, CAO Christopher Hatto sold 15,697 shares of the company’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $70.00, for a total transaction of $1,098,790.00. Following the completion of the sale, the chief accounting officer directly owned 12,007 shares in the company, valued at $840,490. This represents a 56.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.54% of the company’s stock.

Key Stories Impacting General Motors

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

• Positive Sentiment: FDIC approval clears the way for GM to establish an industrial bank, allowing the company to expand captive-finance and deposit-taking activities that could boost recurring, higher?margin financial revenue and lower funding costs. FDIC clears way for Ford, General Motors to set up industrial banks
• Positive Sentiment: Analysts are turning more bullish: JPMorgan raised its price target to $100 (overweight) and Goldman boosted its target to $98, while Zacks raised near?term EPS estimates — all supporting upside and positive sentiment heading into earnings. GM price target/analyst coverage reporting
• Neutral Sentiment: GM will shift production of a China-built Buick compact SUV to its Fairfax, Kansas plant (expected ~2028) and will end Chevrolet Bolt EV production at that facility next year. The move reduces exposure to China/Mexico production and potential tariff risk and supports U.S. manufacturing jobs, but it also signals the end of the Bolt EV product and will require retooling/capital spend. Investors should watch retooling costs, capacity timing and margins on the new model. GM to end Chevy Bolt EV production next year, move China-made Buick to U.S. factory
• Negative Sentiment: The FTC has taken action against GM and OnStar over privacy concerns, creating regulatory and reputational risk that could trigger fines, compliance costs or changes to data-driven services that GM is monetizing. Monitor developments for potential financial or operational impacts. FTC Action Against GM & OnStar For Privacy Concerns
• Negative Sentiment: NHTSA has reopened probes and continues scrutiny of some GM V8 engines and earlier recalls, which could lead to further remediation costs, warranty exposure or reputational damage. Investors should factor potential recall/warranty hit into near?term cash flow and margins. NHTSA reopens GM recall after engine failure

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.