OP Asset Management Ltd Makes New $7.25 Million Investment in General Motors Company $GM

OP Asset Management Ltd bought a new stake in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 97,276 shares of the auto manufacturer’s stock, valued at approximately $7,247,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Apella Capital LLC purchased a new position in shares of General Motors in the 1st quarter valued at about $218,000. Assenagon Asset Management S.A. boosted its holdings in General Motors by 23.2% during the first quarter. Assenagon Asset Management S.A. now owns 1,260,369 shares of the auto manufacturer’s stock worth $93,897,000 after buying an additional 237,041 shares in the last quarter. Cidel Asset Management Inc. grew its position in General Motors by 8.5% during the first quarter. Cidel Asset Management Inc. now owns 30,939 shares of the auto manufacturer’s stock worth $2,305,000 after buying an additional 2,414 shares during the period. Sovereign Financial Group Inc. grew its position in General Motors by 21.0% during the first quarter. Sovereign Financial Group Inc. now owns 5,844 shares of the auto manufacturer’s stock worth $435,000 after buying an additional 1,013 shares during the period. Finally, Athena Wealth Management LLC increased its holdings in General Motors by 53.3% in the first quarter. Athena Wealth Management LLC now owns 13,898 shares of the auto manufacturer’s stock valued at $1,035,000 after buying an additional 4,830 shares in the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GM has been the topic of several research analyst reports. Wells Fargo & Company boosted their price target on General Motors from $59.00 to $60.00 and gave the stock an “underweight” rating in a research note on Thursday. Evercore reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of General Motors in a research note on Monday, May 4th. Piper Sandler reaffirmed an “overweight” rating and set a $102.00 price objective on shares of General Motors in a report on Wednesday, April 29th. Barclays decreased their target price on General Motors from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Monday, March 30th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $95.00 price target on shares of General Motors in a research report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $95.70.

Read Our Latest Analysis on GM

Insider Transactions at General Motors

In related news, CAO Christopher Hatto sold 6,895 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $85.00, for a total transaction of $586,075.00. Following the sale, the chief accounting officer owned 25,794 shares of the company’s stock, valued at $2,192,490. This trade represents a 21.09% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 215,391 shares of General Motors stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $80.01, for a total value of $17,233,433.91. Following the sale, the chief executive officer owned 770,491 shares of the company’s stock, valued at approximately $61,646,984.91. This represents a 21.85% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 697,388 shares of company stock valued at $57,752,596 over the last three months. 0.54% of the stock is currently owned by insiders.

General Motors Stock Down 0.4%

GM stock opened at $78.64 on Friday. The company’s 50 day simple moving average is $79.33 and its 200-day simple moving average is $79.38. The firm has a market capitalization of $70.90 billion, a PE ratio of 31.71, a P/E/G ratio of 0.40 and a beta of 1.30. General Motors Company has a 12 month low of $47.72 and a 12 month high of $87.62. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.15 and a quick ratio of 0.99.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.61 by $1.09. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The business had revenue of $43.62 billion during the quarter, compared to analysts’ expectations of $43.51 billion. During the same period last year, the company posted $2.78 EPS. The company’s revenue was down .9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. Equities analysts expect that General Motors Company will post 12.85 earnings per share for the current fiscal year.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.72 annualized dividend and a yield of 0.9%. General Motors’s dividend payout ratio (DPR) is presently 29.03%.

Key Stories Impacting General Motors

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

General Motors Company 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.

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

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