Generali Asset Management SPA SGR Has $5.91 Million Position in General Motors Company $GM

Generali Asset Management SPA SGR boosted its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 59.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 96,974 shares of the auto manufacturer’s stock after acquiring an additional 36,155 shares during the quarter. Generali Asset Management SPA SGR’s holdings in General Motors were worth $5,913,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH acquired a new position in shares of General Motors in the 2nd quarter worth approximately $25,000. GFG Capital LLC acquired a new stake in General Motors in the 2nd quarter valued at $27,000. RMG Wealth Management LLC bought a new stake in General Motors in the second quarter valued at $32,000. Armstrong Advisory Group Inc. raised its stake in General Motors by 94.6% during the third quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer’s stock worth $33,000 after acquiring an additional 265 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of General Motors during the second quarter valued at $38,000. Institutional investors own 92.67% of the company’s stock.

General Motors Price Performance

Shares of GM stock opened at $80.95 on Friday. General Motors Company has a 1 year low of $41.60 and a 1 year high of $83.68. 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’s 50 day moving average is $75.00 and its 200-day moving average is $62.47. The firm has a market capitalization of $75.52 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 0.66 and a beta of 1.31.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $44.60 billion. During the same quarter last year, the business posted $2.96 earnings per share. General Motors’s revenue for the quarter was down .3% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Sell-side analysts forecast that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

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

Insider Activity

In related news, President Mark L. Reuss sold 260,600 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total value of $17,316,870.00. Following the transaction, the president owned 98,006 shares in the company, valued at $6,512,498.70. This trade 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 at the SEC website. Also, CAO Christopher Hatto sold 15,697 shares of the business’s stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $70.00, for a total value of $1,098,790.00. Following the sale, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at $840,490. This represents a 56.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 284,021 shares of company stock worth $18,971,788. 0.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. TD Cowen upped their target price on shares of General Motors from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. The Goldman Sachs Group upped their price objective on shares of General Motors from $81.00 to $93.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Royal Bank Of Canada raised their price objective on shares of General Motors from $77.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Weiss Ratings downgraded General Motors from a “buy (b-)” rating to a “hold (c)” rating in a report on Saturday, October 25th. Finally, Morgan Stanley upgraded General Motors from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $54.00 to $90.00 in a research report on Monday, December 8th. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, General Motors presently has an average rating of “Moderate Buy” and a consensus target price of $75.76.

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.