General Motors Company $GM Holdings Lifted by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 6.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 192,951 shares of the auto manufacturer’s stock after acquiring an additional 11,370 shares during the period. QRG Capital Management Inc.’s holdings in General Motors were worth $14,375,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GM. Laurel Wealth Advisors LLC bought a new position in shares of General Motors during the 4th quarter valued at about $25,000. Elevation Wealth Partners LLC grew its stake in shares of General Motors by 500.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 275 shares during the last quarter. SouthState Bank Corp raised its holdings in shares of General Motors by 101.7% in the 4th quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock worth $29,000 after purchasing an additional 177 shares in the last quarter. Kelleher Financial Advisors bought a new stake in shares of General Motors in the 3rd quarter worth approximately $29,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in General Motors during the fourth quarter valued at approximately $30,000. 92.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Evercore restated an “outperform” rating and set a $100.00 target price on shares of General Motors in a report on Monday, May 4th. Citigroup increased their price objective on General Motors from $108.00 to $131.00 and gave the company a “buy” rating in a research report on Monday, June 1st. UBS Group reissued a “buy” rating on shares of General Motors in a research note on Wednesday, June 10th. Piper Sandler restated an “overweight” rating and issued a $102.00 target price on shares of General Motors in a report on Wednesday, April 29th. Finally, Wells Fargo & Company boosted their target price on General Motors from $59.00 to $60.00 and gave the stock an “underweight” rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, General Motors currently has a consensus rating of “Moderate Buy” and an average target price of $95.70.

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Insider Buying and Selling at General Motors

In other news, CAO Christopher Hatto sold 6,895 shares of General Motors stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $85.00, for a total transaction of $586,075.00. Following the transaction, 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. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 9,124 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $84.97, for a total value of $775,266.28. Following the transaction, the executive vice president directly owned 37,395 shares in the company, valued at $3,177,453.15. The trade was a 19.61% 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 valued at $57,752,596 in the last three months. 0.54% of the stock is currently owned by company insiders.

General Motors Stock Performance

General Motors stock opened at $76.06 on Friday. The firm’s 50 day simple moving average is $79.02 and its 200-day simple moving average is $79.28. The company has a market cap of $68.58 billion, a P/E ratio of 30.67, a price-to-earnings-growth ratio of 0.38 and a beta of 1.31. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.15 and a quick ratio of 0.99. General Motors Company has a fifty-two week low of $48.87 and a fifty-two week high of $87.62.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share (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 analyst estimates of $43.51 billion. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The firm’s revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.78 earnings per share. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, equities research analysts predict that General Motors Company will post 12.85 EPS for the current year.

General Motors Announces Dividend

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

Key Headlines Impacting General Motors

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

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.

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

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