697,239 General Motors Company $GM Shares Purchased by Ninety One UK Ltd

Ninety One UK Ltd boosted its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 15.2% in the third quarter, HoldingsChannel.com reports. The firm owned 5,292,256 shares of the auto manufacturer’s stock after buying an additional 697,239 shares during the quarter. Ninety One UK Ltd’s holdings in General Motors were worth $407,504,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Evergreen Advisors LLC purchased a new stake in shares of General Motors during the 1st quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of General Motors in the 2nd quarter valued at $31,000. Premier Financial Group purchased a new position in shares of General Motors in the 2nd quarter valued at $31,000. Burk Holdings LLC purchased a new position in shares of General Motors in the 2nd quarter valued at $31,000. Finally, Elevation Wealth Partners LLC raised its stake in General Motors by 70.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 464 shares of the auto manufacturer’s stock worth $36,000 after acquiring an additional 192 shares in the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GM. JPMorgan Chase & Co. reduced their price target on shares of General Motors from $120.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday. TD Cowen reaffirmed a “hold” rating on shares of General Motors in a report on Thursday, September 24th. Daiwa Securities Group raised their price objective on General Motors from $83.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Jefferies Financial Group upgraded General Motors from a “hold” rating to a “buy” rating and lifted their target price for the stock from $90.00 to $99.00 in a research report on Monday, July 27th. Finally, Truist Financial set a $105.00 target price on General Motors in a report on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, General Motors has an average rating of “Moderate Buy” and a consensus target price of $101.22.

Insider Buying and Selling at General Motors

In other news, EVP Rory Harvey sold 8,882 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $86.95, for a total value of $772,289.90. Following the completion of the sale, the executive vice president directly owned 28,513 shares of the company’s stock, valued at $2,479,205.35. This trade represents a 23.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Grant Dixton sold 40,000 shares of General Motors stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $88.44, for a total value of $3,537,600.00. Following the completion of the sale, the executive vice president owned 54,992 shares in the company, valued at approximately $4,863,492.48. This trade represents a 42.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 549,665 shares of company stock worth $49,010,828. 0.44% of the stock is currently owned by company insiders.

General Motors Stock Performance

NYSE:GM traded up $0.65 during midday trading on Thursday, reaching $83.70. The stock had a trading volume of 2,552,708 shares, compared to its average volume of 7,528,193. General Motors Company has a 12-month low of $56.81 and a 12-month high of $91.85. The stock has a market cap of $73.44 billion, a P/E ratio of 42.26, a P/E/G ratio of 0.46 and a beta of 1.40. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 1.42. The firm has a fifty day simple moving average of $84.48 and a two-hundred day simple moving average of $81.00.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.19 by $0.38. The business had revenue of $48.03 billion for the quarter, compared to the consensus estimate of $47.01 billion. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.53 earnings per share. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. On average, equities analysts expect that General Motors Company will post 13.54 EPS for the current year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Friday, September 4th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, September 4th. General Motors’s dividend payout ratio is 36.36%.

General Motors Profile

General Motors Company (NYSE:GM) is a global automotive manufacturer headquartered in Detroit, Michigan. Founded in 1908, the company designs, manufactures and sells cars, trucks and sport utility vehicles under brands including Chevrolet, Buick, GMC and Cadillac.

GM serves customers primarily in North America and also operates in international markets. Its business includes gasoline-powered and electric vehicles, commercial and fleet vehicles, vehicle financing through GM Financial, and connected-vehicle services such as OnStar.