Equitable Holdings Inc. Makes New $1.36 Million Investment in General Motors Company $GM

Equitable Holdings Inc. acquired a new position in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,702 shares of the auto manufacturer’s stock, valued at approximately $1,364,000.

A number of other institutional investors also recently made changes to their positions in the business. Laurel Wealth Advisors LLC purchased a new position in General Motors in the 4th quarter worth $25,000. Evergreen Advisors LLC purchased a new stake in General Motors during the first quarter valued at about $26,000. Kelleher Financial Advisors purchased a new stake in General Motors during the third quarter valued at about $29,000. SouthState Bank Corp grew its stake in shares of General Motors by 101.7% during the fourth quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock valued at $29,000 after buying an additional 177 shares during the last quarter. Finally, Kemnay Advisory Services Inc. bought a new position in shares of General Motors during the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Insiders Place Their Bets

In other General Motors news, CAO Christopher Hatto sold 6,895 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $90.00, for a total transaction of $620,550.00. Following the transaction, the chief accounting officer directly owned 18,899 shares of the company’s stock, valued at approximately $1,700,910. The trade was a 26.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Grant Michael Dixton sold 40,000 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $88.44, for a total transaction of $3,537,600.00. Following the completion of the transaction, the executive vice president owned 54,992 shares of the company’s stock, valued at $4,863,492.48. This trade represents a 42.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 669,486 shares of company stock valued at $59,205,537 over the last quarter. 0.44% of the stock is owned by company insiders.

More General Motors News

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

General Motors Stock Up 0.2%

NYSE GM opened at $86.31 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.14 and a quick ratio of 0.97. The stock has a market capitalization of $75.73 billion, a PE ratio of 43.59, a PEG ratio of 0.39 and a beta of 1.30. General Motors Company has a 1 year low of $54.33 and a 1 year high of $91.85. The business’s 50-day moving average is $82.54 and its 200 day moving average is $79.63.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share (EPS) for the quarter, beating 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 return on equity of 18.18% and a net margin of 1.05%.General Motors’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Sell-side analysts forecast that General Motors Company will post 13.29 earnings per share for the current year.

General Motors Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GM shares. Jefferies Financial Group raised General Motors from a “hold” rating to a “buy” rating and boosted their target price for the company from $90.00 to $99.00 in a research note on Monday, July 27th. Tigress Financial raised their price target on General Motors from $92.00 to $130.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 28th. Wedbush reaffirmed an “outperform” rating and issued a $95.00 price target on shares of General Motors in a research note on Monday, May 11th. Evercore reissued an “outperform” rating and set a $100.00 price objective on shares of General Motors in a research note on Monday, May 4th. Finally, Morgan Stanley lifted their target price on shares of General Motors from $100.00 to $101.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, General Motors presently has an average rating of “Moderate Buy” and an average target price of $101.41.

Read Our Latest Analysis on GM

General Motors 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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