PFG Investments LLC Raises Position in General Motors Company $GM

PFG Investments LLC lifted its holdings in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 285.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 44,444 shares of the auto manufacturer’s stock after acquiring an additional 32,925 shares during the period. PFG Investments LLC’s holdings in General Motors were worth $3,311,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Cibc World Market Inc. increased its stake in shares of General Motors by 57.2% during the 4th quarter. Cibc World Market Inc. now owns 200,662 shares of the auto manufacturer’s stock valued at $16,318,000 after acquiring an additional 72,984 shares during the last quarter. M&T Bank Corp boosted its position in shares of General Motors by 82.0% in the fourth quarter. M&T Bank Corp now owns 72,062 shares of the auto manufacturer’s stock worth $5,860,000 after acquiring an additional 32,474 shares during the last quarter. Legacy Capital Group California Inc. boosted its position in shares of General Motors by 206.4% in the fourth quarter. Legacy Capital Group California Inc. now owns 21,004 shares of the auto manufacturer’s stock worth $1,708,000 after acquiring an additional 14,150 shares during the last quarter. Perbak Capital Partners LLP grew its holdings in General Motors by 94.1% in the third quarter. Perbak Capital Partners LLP now owns 47,086 shares of the auto manufacturer’s stock valued at $2,871,000 after purchasing an additional 22,829 shares during the period. Finally, Fieldview Capital Management LLC increased its position in General Motors by 99.0% during the third quarter. Fieldview Capital Management LLC now owns 28,237 shares of the auto manufacturer’s stock worth $1,722,000 after purchasing an additional 14,048 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Analysts Set New Price Targets

GM has been the topic of a number of research analyst reports. Citigroup lifted their price target on shares of General Motors from $108.00 to $131.00 and gave the company a “buy” rating in a report on Monday, June 1st. TD Cowen upped their price objective on General Motors from $122.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Barclays cut 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. Weiss Ratings reiterated a “hold (c)” rating on shares of General Motors in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $95.00 price target on shares of General Motors in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.70.

View Our Latest Stock Report on General Motors

General Motors News Summary

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

Insiders Place Their Bets

In other news, CEO Mary T. Barra sold 215,391 shares of the 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 completion of the sale, the chief executive officer owned 770,491 shares in the company, valued at approximately $61,646,984.91. This trade represents a 21.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Hatto sold 6,895 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $85.00, for a total value of $586,075.00. Following the sale, the chief accounting officer owned 25,794 shares in the company, valued at approximately $2,192,490. The trade was a 21.09% 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. Insiders have sold a total of 697,388 shares of company stock worth $57,752,596 over the last quarter. 0.54% of the stock is owned by corporate insiders.

General Motors Price Performance

GM opened at $76.06 on Friday. General Motors Company has a 52-week low of $48.87 and a 52-week high of $87.62. The company has a 50 day moving average of $79.02 and a two-hundred day moving average of $79.28. The company has a market cap of $68.58 billion, a P/E ratio of 30.67, a P/E/G ratio of 0.38 and a beta of 1.31. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.41.

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

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were given a $0.18 dividend. 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 29.03%.

About General Motors

(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.

Further Reading

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

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