Centaurus Financial Inc. Takes Position in General Motors Company $GM

Centaurus Financial Inc. bought a new position in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,200 shares of the auto manufacturer’s stock, valued at approximately $940,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GM. Brighton Jones LLC lifted its holdings in General Motors by 456.1% in the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock valued at $2,062,000 after acquiring an additional 31,755 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of General Motors by 61.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 18,548 shares of the auto manufacturer’s stock worth $913,000 after purchasing an additional 7,058 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of General Motors by 4.8% in the 2nd quarter. Baird Financial Group Inc. now owns 37,524 shares of the auto manufacturer’s stock worth $1,847,000 after purchasing an additional 1,706 shares in the last quarter. Jump Financial LLC raised its holdings in shares of General Motors by 45.7% in the 2nd quarter. Jump Financial LLC now owns 25,366 shares of the auto manufacturer’s stock worth $1,248,000 after purchasing an additional 7,951 shares in the last quarter. Finally, AXA S.A. lifted its stake in General Motors by 69.4% during the second quarter. AXA S.A. now owns 66,547 shares of the auto manufacturer’s stock valued at $3,275,000 after purchasing an additional 27,270 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.

Trending Headlines about General Motors

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Insider Activity at General Motors

In other news, CEO Mary T. Barra sold 318,448 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $90.38, for a total transaction of $28,781,330.24. Following the completion of the sale, the chief executive officer directly owned 428,994 shares of the company’s stock, valued at $38,772,477.72. This trade represents a 42.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 8,882 shares of General Motors stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $86.95, for a total value of $772,289.90. Following the sale, the executive vice president owned 28,513 shares of the company’s stock, valued at approximately $2,479,205.35. This represents a 23.75% 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 sold 669,486 shares of company stock worth $59,205,537. 0.44% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $100.00 target price on shares of General Motors in a report on Wednesday, July 22nd. Royal Bank Of Canada increased their price objective on General Motors from $94.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Wedbush reissued an “outperform” rating and set a $95.00 price objective on shares of General Motors in a research note on Monday, May 11th. Jefferies Financial Group upgraded General Motors from a “hold” rating to a “buy” rating and lifted their target price for the stock from $90.00 to $99.00 in a report on Monday, July 27th. Finally, Barclays boosted their target price on General Motors from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, General Motors has a consensus rating of “Moderate Buy” and an average price target of $101.41.

View Our Latest Stock Report on GM

General Motors Trading Up 0.2%

Shares of NYSE:GM opened at $86.31 on Friday. The firm has a fifty day moving average of $82.54 and a two-hundred day moving average of $79.63. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 1.42. General Motors Company has a 12-month low of $54.33 and a 12-month high of $91.85. The firm has a market capitalization of $75.73 billion, a P/E ratio of 43.59, a price-to-earnings-growth ratio of 0.39 and a beta of 1.30.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.19 by $0.38. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The business had revenue of $48.03 billion for the quarter, compared to the consensus estimate of $47.01 billion. During the same period in the prior year, the business posted $2.53 earnings per share. General Motors’s revenue for the quarter was up 1.9% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. On average, equities analysts expect that General Motors Company will post 13.29 EPS for the current fiscal year.

General Motors Dividend Announcement

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

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.

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

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