Aristotle Atlantic Partners LLC lowered its position in General Motors Company (NYSE:GM – Free Report) (TSE:GMM.U) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 316,490 shares of the auto manufacturer’s stock after selling 10,539 shares during the quarter. General Motors accounts for 1.2% of Aristotle Atlantic Partners LLC’s investment portfolio, making the stock its 28th biggest position. Aristotle Atlantic Partners LLC’s holdings in General Motors were worth $25,737,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cibc World Market Inc. raised its stake in shares of General Motors by 57.2% in 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 period. M&T Bank Corp raised its stake in shares of General Motors by 82.0% in the 4th quarter. M&T Bank Corp now owns 72,062 shares of the auto manufacturer’s stock valued at $5,860,000 after acquiring an additional 32,474 shares during the period. Legacy Capital Group California Inc. raised its stake in shares of General Motors by 206.4% in the 4th quarter. Legacy Capital Group California Inc. now owns 21,004 shares of the auto manufacturer’s stock valued at $1,708,000 after acquiring an additional 14,150 shares during the period. Perbak Capital Partners LLP raised its stake in shares of General Motors by 94.1% in the 3rd quarter. Perbak Capital Partners LLP now owns 47,086 shares of the auto manufacturer’s stock valued at $2,871,000 after acquiring an additional 22,829 shares during the period. Finally, Leonteq Securities AG purchased a new position in shares of General Motors in the 4th quarter valued at $17,753,000. Institutional investors and hedge funds own 92.67% of the company’s stock.
General Motors Stock Down 3.7%
Shares of NYSE:GM opened at $79.50 on Thursday. The company has a market capitalization of $71.68 billion, a price-to-earnings ratio of 32.06, a price-to-earnings-growth ratio of 0.42 and a beta of 1.30. General Motors Company has a 52-week low of $47.63 and a 52-week high of $87.62. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.41. The company has a 50 day moving average of $78.98 and a two-hundred day moving average of $79.17.
General Motors Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, June 5th. This represents a $0.72 annualized dividend and a yield of 0.9%. General Motors’s payout ratio is presently 29.03%.
Insider Buying and Selling at General Motors
In other General Motors news, CAO Christopher Hatto sold 6,895 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $85.00, for a total transaction of $586,075.00. Following the completion of the sale, the chief accounting officer owned 25,794 shares in the company, valued at $2,192,490. The trade was a 21.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 20,582 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $85.00, for a total transaction of $1,749,470.00. Following the sale, the chief executive officer owned 592,242 shares of the company’s stock, valued at approximately $50,340,570. The trade was a 3.36% 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. Insiders sold a total of 598,149 shares of company stock worth $49,307,358 over the last 90 days. Insiders own 0.54% of the company’s stock.
Key General Motors News
Here are the key news stories impacting General Motors this week:
- Positive Sentiment: GM and Lockheed Martin said they are collaborating on defense projects to strengthen the U.S. manufacturing and defense industrial base, with reports indicating GM could help make weapons components. GM, Lockheed to collaborate on defense projects
- Positive Sentiment: The U.S. Air Force awarded production contracts to General Atomics and Anduril for semi-autonomous drone wingmen, underscoring rising defense spending that could support GM’s expanded defense ambitions. US Air Force awards production contracts to General Atomics, Anduril for drone wingmen
- Neutral Sentiment: GM also unveiled a new 2027 Chevrolet Silverado, which may help sentiment by highlighting product refresh momentum, though the impact on near-term earnings is unclear. GM reveals new Silverado pickup as Ford F-150 sales falter
- Negative Sentiment: Recent coverage noted GM had fallen more than the broader market, suggesting investors were taking profits after the stock’s sharp rally and viewing the move as extended in the short term. Here’s Why General Motors (GM) Fell More Than Broader Market
Analyst Upgrades and Downgrades
GM has been the topic of a number of research reports. Evercore reissued an “outperform” rating and issued a $100.00 target price on shares of General Motors in a research note on Monday, May 4th. Royal Bank Of Canada reissued an “outperform” rating and issued a $95.00 target price on shares of General Motors in a research note on Friday, June 12th. Wall Street Zen raised shares of General Motors from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Piper Sandler reaffirmed an “overweight” rating and issued a $102.00 price objective on shares of General Motors in a research report on Wednesday, April 29th. Finally, TD Cowen increased their price objective on shares of General Motors from $122.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, General Motors presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.65.
Read Our Latest Analysis on General Motors
About General Motors
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.
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