Voya Investment Management LLC Sells 140,840 Shares of General Motors Company $GM

Voya Investment Management LLC lowered its stake in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 24.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 445,013 shares of the auto manufacturer’s stock after selling 140,840 shares during the quarter. Voya Investment Management LLC’s holdings in General Motors were worth $27,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of General Motors by 456.1% in the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock valued at $2,062,000 after purchasing an additional 31,755 shares during the period. Price T Rowe Associates Inc. MD lifted its position in General Motors by 97.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,131,433 shares of the auto manufacturer’s stock valued at $147,272,000 after buying an additional 1,541,581 shares during the period. CW Advisors LLC bought a new stake in shares of General Motors during the 1st quarter valued at $412,000. 1832 Asset Management L.P. grew its position in shares of General Motors by 7.1% in the 1st quarter. 1832 Asset Management L.P. now owns 64,284 shares of the auto manufacturer’s stock worth $3,023,000 after buying an additional 4,258 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of General Motors by 5.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 133,045 shares of the auto manufacturer’s stock worth $6,257,000 after acquiring an additional 6,425 shares in the last quarter. 92.67% of the stock is owned by institutional investors.

Insider Activity at General Motors

In other news, CAO Christopher Hatto sold 23,400 shares of the firm’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $61.01, for a total value of $1,427,634.00. Following the transaction, the chief accounting officer directly owned 12,007 shares in the company, valued at $732,547.07. This trade represents a 66.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Rory Harvey sold 6,600 shares of General Motors stock in a transaction on Friday, September 26th. The stock was sold at an average price of $61.95, for a total value of $408,870.00. Following the completion of the sale, the executive vice president directly owned 8,513 shares of the company’s stock, valued at $527,380.35. The trade was a 43.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,254,589 shares of company stock worth $77,219,450 in the last three months. 0.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on GM shares. Tigress Financial boosted their price objective on shares of General Motors from $88.00 to $92.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 24th. Morgan Stanley upgraded General Motors from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $54.00 to $90.00 in a research note on Monday, December 8th. Cowen reiterated a “buy” rating on shares of General Motors in a research note on Friday, December 12th. Argus set a $78.00 target price on General Motors in a report on Thursday, October 23rd. Finally, Citigroup raised their price target on General Motors from $75.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Three 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $75.76.

Read Our Latest Report on GM

General Motors Stock Up 1.5%

General Motors stock opened at $82.37 on Monday. General Motors Company has a 12 month low of $41.60 and a 12 month high of $83.04. The stock has a fifty day simple moving average of $70.83 and a two-hundred day simple moving average of $60.29. The company has a current ratio of 1.23, a quick ratio of 1.06 and a debt-to-equity ratio of 1.40. The firm has a market cap of $76.84 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 0.75 and a beta of 1.30.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, October 21st. The auto manufacturer reported $2.80 EPS for the quarter, beating 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 company had revenue of $48.59 billion for the quarter, compared to analysts’ expectations of $44.60 billion. During the same period last year, the firm posted $2.96 earnings per share. General Motors’s revenue was down .3% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Equities analysts predict that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

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

Key Headlines Impacting General Motors

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

General Motors Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding GM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Motors Company (NYSE:GMFree Report) (TSE:GMM.U).

Institutional Ownership by Quarter for General Motors (NYSE:GM)

Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.