General Motors Company $GM Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC reduced its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 2.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 346,850 shares of the auto manufacturer’s stock after selling 9,078 shares during the period. Janus Henderson Group PLC’s holdings in General Motors were worth $25,842,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GM. Laurel Wealth Advisors LLC purchased a new position in shares of General Motors during the 4th quarter valued at approximately $25,000. Evergreen Advisors LLC acquired a new position in General Motors during the first quarter worth $26,000. SouthState Bank Corp raised its position in General Motors by 101.7% during the fourth quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock worth $29,000 after acquiring an additional 177 shares during the period. Kelleher Financial Advisors purchased a new position in General Motors during the third quarter valued at $29,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of General Motors in the fourth quarter valued at about $30,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other General Motors news, EVP Grant Michael Dixton sold 40,000 shares of General Motors stock in a transaction 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 sale, the executive vice president owned 54,992 shares in the company, valued at $4,863,492.48. The trade was a 42.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 318,448 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $90.38, for a total value of $28,781,330.24. Following the completion of the transaction, the chief executive officer directly owned 428,994 shares in the company, valued at approximately $38,772,477.72. This trade represents a 42.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,247,053 shares of company stock valued at $106,763,425. Insiders own 0.44% of the company’s stock.

General Motors Trading Down 1.3%

Shares of GM stock opened at $87.68 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 1.42. General Motors Company has a twelve month low of $52.09 and a twelve month high of $91.85. The company’s 50-day moving average price is $80.74 and its 200-day moving average price is $79.06. The stock has a market cap of $76.94 billion, a price-to-earnings ratio of 44.28, a PEG ratio of 0.41 and a beta of 1.30.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 EPS for the quarter, topping analysts’ consensus estimates of $3.19 by $0.38. The company 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%. General Motors’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period 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. As a group, equities analysts predict that General Motors Company will post 13.27 earnings per share for the current year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, September 4th. General Motors’s payout ratio is presently 36.36%.

Analyst Ratings Changes

GM has been the subject of a number of research reports. Barclays boosted their target price on shares of General Motors from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. Citigroup lifted their price objective on General Motors from $108.00 to $131.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Benchmark reiterated a “buy” rating on shares of General Motors in a research note on Tuesday, July 21st. Morgan Stanley increased their target price on General Motors from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Finally, UBS Group reaffirmed a “buy” rating on shares of General Motors in a research note on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $101.41.

General Motors 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.