Blue Trust Inc. Grows Position in General Motors Company $GM

Blue Trust Inc. lifted its position in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 232.4% during the 1st quarter, HoldingsChannel reports. The firm owned 9,291 shares of the auto manufacturer’s stock after acquiring an additional 6,496 shares during the period. Blue Trust Inc.’s holdings in General Motors were worth $692,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cibc World Market Inc. lifted its position in 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 period. M&T Bank Corp increased its stake in shares of General Motors by 82.0% during the fourth quarter. M&T Bank Corp now owns 72,062 shares of the auto manufacturer’s stock valued at $5,860,000 after purchasing an additional 32,474 shares in the last quarter. Legacy Capital Group California Inc. lifted its holdings in shares of General Motors by 206.4% during the fourth quarter. Legacy Capital Group California Inc. now owns 21,004 shares of the auto manufacturer’s stock valued at $1,708,000 after purchasing an additional 14,150 shares during the last quarter. Perbak Capital Partners LLP lifted its holdings in shares of General Motors by 94.1% during 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 last quarter. Finally, Leonteq Securities AG bought a new stake in shares of General Motors in the 4th quarter worth approximately $17,753,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other General Motors news, CAO Christopher Hatto sold 6,895 shares of the company’s stock in a transaction that occurred 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 directly owned 25,794 shares of the company’s stock, valued at approximately $2,192,490. This represents a 21.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 79,494 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $83.02, for a total transaction of $6,599,591.88. Following the completion of the transaction, the executive vice president owned 46,519 shares in the company, valued at $3,862,007.38. The trade was a 63.08% decrease in their ownership of the stock. 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 697,388 shares of company stock valued at $57,752,596. Insiders own 0.54% of the company’s stock.

General Motors Price Performance

Shares of GM opened at $78.20 on Friday. General Motors Company has a twelve month low of $48.80 and a twelve month high of $87.62. The company has a market capitalization of $70.51 billion, a P/E ratio of 31.53, a price-to-earnings-growth ratio of 0.39 and a beta of 1.30. The firm has a 50 day moving average of $79.34 and a 200 day moving average of $79.37. 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 released its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.61 by $1.09. General Motors had a return on equity of 16.68% and a net margin of 1.38%.The business had revenue of $43.62 billion for the quarter, compared to analysts’ expectations of $43.51 billion. During the same period in the prior year, the firm posted $2.78 EPS. The firm’s quarterly revenue was down .9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, equities research analysts anticipate that General Motors Company will post 12.85 earnings per share for the current fiscal year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, June 5th. General Motors’s dividend payout ratio is presently 29.03%.

Analysts Set New Price Targets

GM has been the topic of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of General Motors in a research note on Tuesday, April 21st. The Goldman Sachs Group dropped their target price on General Motors from $104.00 to $91.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. TD Cowen increased their target price on General Motors from $122.00 to $126.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada restated an “outperform” rating and set a $95.00 price target on shares of General Motors in a report on Friday, June 12th. Finally, Evercore reaffirmed an “outperform” rating and issued a $100.00 price target on shares of General Motors in a research report on Monday, May 4th. 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 given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.70.

View Our Latest Report on GM

General Motors Company Profile

(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.

See Also

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

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