Kestra Private Wealth Services LLC increased its position in shares of General Motors Company (NYSE:GM – Free Report) (TSE:GMM.U) by 176.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,884 shares of the auto manufacturer’s stock after acquiring an additional 12,682 shares during the period. Kestra Private Wealth Services LLC’s holdings in General Motors were worth $1,481,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of GM. Tsfg LLC grew its stake in shares of General Motors by 5.7% in the 4th quarter. Tsfg LLC now owns 2,241 shares of the auto manufacturer’s stock worth $182,000 after purchasing an additional 120 shares during the last quarter. Bogart Wealth LLC lifted its stake in General Motors by 15.6% during the fourth quarter. Bogart Wealth LLC now owns 905 shares of the auto manufacturer’s stock valued at $74,000 after purchasing an additional 122 shares during the last quarter. Sumitomo Life Insurance Co. boosted its holdings in General Motors by 0.7% during the fourth quarter. Sumitomo Life Insurance Co. now owns 19,477 shares of the auto manufacturer’s stock worth $1,584,000 after buying an additional 127 shares in the last quarter. PDS Planning Inc grew its position in General Motors by 3.4% in the fourth quarter. PDS Planning Inc now owns 3,996 shares of the auto manufacturer’s stock worth $325,000 after buying an additional 131 shares during the last quarter. Finally, UMB Bank n.a. grew its position in General Motors by 2.0% in the fourth quarter. UMB Bank n.a. now owns 6,887 shares of the auto manufacturer’s stock worth $560,000 after buying an additional 136 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other news, CAO Christopher Hatto sold 6,895 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $85.00, for a total value of $586,075.00. Following the transaction, the chief accounting officer owned 25,794 shares in the company, valued at $2,192,490. This represents a 21.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 99,239 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $85.10, for a total transaction of $8,445,238.90. Following the completion of the sale, the chief executive officer directly owned 592,242 shares of the company’s stock, valued at $50,399,794.20. This trade represents a 14.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 697,388 shares of company stock worth $57,752,596. 0.54% of the stock is currently owned by company insiders.
General Motors Trading Down 0.9%
General Motors (NYSE:GM – Get Free Report) (TSE:GMM.U) last released its earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.61 by $1.09. The company had revenue of $43.62 billion during the quarter, compared to analyst estimates of $43.51 billion. General Motors had a return on equity of 16.68% and a net margin of 1.38%.The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.78 earnings per share. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. Equities analysts anticipate that General Motors Company will post 12.85 EPS for the current year.
General Motors Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, June 5th. General Motors’s dividend payout ratio is currently 29.03%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on GM. Barclays cut their price objective on General Motors from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Monday, March 30th. Piper Sandler reaffirmed an “overweight” rating and set a $102.00 target price on shares of General Motors in a research report on Wednesday, April 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $95.00 target price on shares of General Motors in a report on Friday, June 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of General Motors in a research report on Tuesday, April 21st. Finally, Wolfe Research raised General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 price target on the stock in a research note on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.70.
Check Out Our Latest Report on General Motors
More General Motors News
Here are the key news stories impacting General Motors this week:
- Positive Sentiment: GM is pushing a stronger “Made in America” message, which could support brand perception and help differentiate the company from rivals in a politically charged auto market. GM doubles down on American-made messaging targeted at its peers
- Positive Sentiment: GM’s autonomous-driving efforts appear to be gaining momentum, with the company hiring talent from rivals to accelerate self-driving development for consumer vehicles. GM wants to crack self-driving for the masses, and it’s hiring talent from rivals to do it
- Positive Sentiment: GM is continuing to invest heavily in production capacity in Brazil and Mexico, signaling confidence in demand and a commitment to growth in key Latin American markets. General Motors (GM) Puts $1 Billion More Behind Brazil And Mexico Production
- Positive Sentiment: A bullish analyst-style piece highlighted GM’s strong stock performance over the past three years and argued the company still has room to run. 1 Stock That’s More Than Doubled in 3 Years, and 3 Reasons It Will Keep Soaring
- Neutral Sentiment: GM Design released sketches and renderings of the 2027 GMC Sierra 1500, which may help keep interest in the product pipeline but is unlikely to move the stock on its own. GM Design Team Releases 2027 GMC Sierra 1500 Sketches And Renderings
- Neutral Sentiment: News that Momenta, a GM- and Tencent-backed autonomous-driving company, is targeting a Hong Kong IPO may indirectly validate GM’s AV strategy, but the direct stock impact is limited for now. Momenta Targets $752 Million Hong Kong IPO
- Negative Sentiment: GM recalled about 26,000 vehicles, including older vans, over a steering-related issue, adding to quality-control concerns and potentially pressuring sentiment. GM Recalls Everyone’s Favorite Contractor Van For Steering Problem
- Negative Sentiment: Another recall story focused on GM’s older vans and the same steering defect, reinforcing concerns about repairs, warranty costs, and reputational damage. GM’s Oldest Vans Are Being Recalled For A Serious Steering Issue
- Negative Sentiment: A separate report warned that Toyota is on track to overtake GM as the top-selling carmaker in the U.S. in 2026, which could raise competitive concerns for investors. Toyota on track to overtake GM as top-selling 2026 carmaker in US
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.
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