Vontobel Holding Ltd. Raises Holdings in General Motors Company $GM

Vontobel Holding Ltd. grew its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 5.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 128,463 shares of the auto manufacturer’s stock after buying an additional 6,075 shares during the period. Vontobel Holding Ltd.’s holdings in General Motors were worth $7,832,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sowell Financial Services LLC increased its stake in shares of General Motors by 2.9% in the 2nd quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer’s stock worth $336,000 after acquiring an additional 195 shares during the last quarter. Mayflower Financial Advisors LLC boosted its stake in shares of General Motors by 4.1% in the second quarter. Mayflower Financial Advisors LLC now owns 5,163 shares of the auto manufacturer’s stock valued at $254,000 after purchasing an additional 205 shares during the period. Certuity LLC boosted its position in General Motors by 3.6% in the 2nd quarter. Certuity LLC now owns 6,043 shares of the auto manufacturer’s stock valued at $297,000 after buying an additional 209 shares during the period. Private Trust Co. NA boosted its holdings in General Motors by 4.8% in the second quarter. Private Trust Co. NA now owns 5,519 shares of the auto manufacturer’s stock valued at $272,000 after purchasing an additional 253 shares during the period. Finally, Cromwell Holdings LLC grew its position in shares of General Motors by 7.7% during the second quarter. Cromwell Holdings LLC now owns 3,591 shares of the auto manufacturer’s stock worth $177,000 after buying an additional 256 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. UBS Group increased their target price on General Motors from $85.00 to $97.00 and gave the company a “buy” rating in a report on Monday, December 15th. Argus set a $78.00 price target on shares of General Motors in a research note on Thursday, October 23rd. Wedbush upped their price objective on shares of General Motors from $75.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. Mizuho set a $90.00 price objective on General Motors in a report on Tuesday, December 16th. Finally, Benchmark reiterated a “buy” rating on shares of General Motors in a research report on Wednesday, October 22nd. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.76.

Insiders Place Their Bets

In other news, CAO Christopher Hatto sold 23,400 shares of the firm’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $61.01, for a total value of $1,427,634.00. Following the completion of the sale, the chief accounting officer owned 12,007 shares in the company, valued at approximately $732,547.07. This trade represents a 66.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Mark L. Reuss sold 260,600 shares of General Motors stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the completion of the sale, the president directly owned 98,006 shares in the company, valued at approximately $6,512,498.70. The trade was a 72.67% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 314,021 shares of company stock worth $20,808,292. 0.54% of the stock is owned by insiders.

General Motors Price Performance

Shares of GM opened at $82.82 on Thursday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.06 and a current ratio of 1.23. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $83.68. The firm has a 50-day simple moving average of $72.38 and a 200-day simple moving average of $60.94. The company has a market capitalization of $77.26 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 0.75 and a beta of 1.30.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.48. The company had revenue of $48.59 billion during the quarter, compared to analysts’ expectations of $44.60 billion. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same period last year, the firm earned $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. On average, equities research analysts anticipate that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Friday, December 5th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, December 5th. General Motors’s payout ratio is currently 12.07%.

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.