General Motors Company $GM Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 11.6% during the third quarter, Holdings Channel.com reports. The fund owned 64,654 shares of the auto manufacturer’s stock after purchasing an additional 6,697 shares during the quarter. Park Avenue Securities LLC’s holdings in General Motors were worth $4,978,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC increased its position in General Motors by 6.4% during the 3rd quarter. Apollon Wealth Management LLC now owns 22,438 shares of the auto manufacturer’s stock worth $1,728,000 after purchasing an additional 1,358 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in General Motors during the third quarter valued at approximately $222,000. Signaturefd LLC grew its stake in General Motors by 1.0% during the third quarter. Signaturefd LLC now owns 17,318 shares of the auto manufacturer’s stock worth $1,333,000 after buying an additional 168 shares during the period. Citizens Financial Group Inc. RI grew its stake in General Motors by 50.2% during the third quarter. Citizens Financial Group Inc. RI now owns 20,605 shares of the auto manufacturer’s stock worth $1,587,000 after buying an additional 6,887 shares during the period. Finally, Simplicity Wealth LLC grew its stake in General Motors by 61.9% during the third quarter. Simplicity Wealth LLC now owns 8,503 shares of the auto manufacturer’s stock worth $655,000 after buying an additional 3,250 shares during the period. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Truist Financial set a $105.00 price target on General Motors in a report on Wednesday, October 7th. Yorkville Ives started coverage on General Motors in a research note on Monday, October 5th. They set an “outperform” rating and a $100.00 price objective on the stock. BNP Paribas Exane upped their target price on General Motors from $102.00 to $112.00 and gave the stock an “outperform” rating in a research report on Monday, August 31st. Barclays decreased their target price on General Motors from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, October 21st. Finally, Wells Fargo & Company increased their target price on General Motors from $60.00 to $61.00 and gave the company an “underweight” rating in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $101.44.

More General Motors News

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

• Positive Sentiment: GM plans to transfer its stock listing from the NYSE to the Nasdaq Global Select Market, reinforcing its technology and software positioning. The move could also make GM eligible for future Nasdaq-100 inclusion, potentially increasing visibility and demand from index-tracking funds. GM is shifting gears to the Nasdaq
• Positive Sentiment: The automaker is pivoting toward hybrids, reportedly planning hybrid versions of the Chevrolet Traverse, GMC Acadia and Buick Enclave. GM also plans roughly $2 billion of investment to build hybrids at its Lansing, Michigan, facilities, allowing it to address consumer demand for electrification without relying solely on fully electric vehicles. GM to Offer Hybrid SUVs
• Neutral Sentiment: Recent coverage highlights quieter improvements in GM’s earnings and capital returns. The company previously reported quarterly revenue of $50.02 billion and earnings of $3.70 per share, narrowly exceeding analyst expectations, while its shares had delivered a positive total return over the past year. What General Motors Holders Got Right
• Negative Sentiment: GM agreed to pay $220 million to settle allegations from 36 states that it improperly sold or shared drivers’ private driving-behavior and location data with data brokers and insurers. State payments include approximately $7.2 million to Michigan, $8 million to Ohio and more than $6 million to Connecticut. The settlement creates a direct financial cost and may increase regulatory, reputational and privacy-compliance risks. GM reaches $220M settlement over selling drivers’ private data

General Motors Stock Performance

NYSE:GM opened at $85.67 on Friday. The firm has a 50-day moving average of $83.06 and a two-hundred day moving average of $80.60. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.09 and a quick ratio of 0.94. The stock has a market cap of $72.27 billion, a P/E ratio of 6.12, a PEG ratio of 0.47 and a beta of 1.40. General Motors Company has a 1-year low of $66.75 and a 1-year high of $91.85.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, October 20th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.69 by $0.01. General Motors had a return on equity of 19.36% and a net margin of 2.12%. The business had revenue of $50.02 billion for the quarter, compared to analyst estimates of $48.78 billion. During the same period in the previous year, the company earned $2.80 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, research analysts expect that General Motors Company will post 13.38 earnings per share for the current fiscal year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Friday, December 4th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, December 4th. General Motors’s dividend payout ratio (DPR) is 16.51%.

General Motors announced that its board has initiated a stock repurchase plan on Tuesday, October 20th that authorizes the company to buy back $20 billion in shares. This repurchase authorization authorizes the auto manufacturer to purchase up to 27.5% of its shares through open market purchases. Share repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at General Motors

In other General Motors news, EVP Grant Dixton sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $88.44, for a total value of $3,537,600.00. Following the transaction, the executive vice president directly owned 54,992 shares of the company’s stock, valued at $4,863,492.48. This represents a 42.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by corporate insiders.

About General Motors

General Motors Company (NYSE: GM) is a global automotive company headquartered in Detroit, Michigan. Founded in 1908, GM designs, manufactures and sells vehicles and related services through brands including Chevrolet, Buick, GMC and Cadillac.

GM’s product lineup includes passenger cars, pickup trucks, sport utility vehicles, commercial vehicles and electric vehicles. The company is also developing connected-vehicle technologies, driver-assistance systems and charging and energy-management solutions.