Kestra Advisory Services LLC Buys 9,637 Shares of General Motors Company $GM

Kestra Advisory Services LLC increased its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 10.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 99,995 shares of the auto manufacturer’s stock after purchasing an additional 9,637 shares during the quarter. Kestra Advisory Services LLC’s holdings in General Motors were worth $7,450,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in General Motors by 456.1% during the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock valued at $2,062,000 after buying an additional 31,755 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of General Motors by 61.4% in the second quarter. Sivia Capital Partners LLC now owns 18,548 shares of the auto manufacturer’s stock worth $913,000 after buying an additional 7,058 shares in the last quarter. Baird Financial Group Inc. boosted its position in shares of General Motors by 4.8% in the second quarter. Baird Financial Group Inc. now owns 37,524 shares of the auto manufacturer’s stock valued at $1,847,000 after acquiring an additional 1,706 shares during the period. Jump Financial LLC grew its stake in General Motors by 45.7% during the second quarter. Jump Financial LLC now owns 25,366 shares of the auto manufacturer’s stock valued at $1,248,000 after acquiring an additional 7,951 shares in the last quarter. Finally, AXA S.A. grew 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 acquiring an additional 27,270 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Stock Down 1.4%

GM opened at $76.77 on Tuesday. The business’s fifty day simple moving average is $78.91 and its 200 day simple moving average is $79.05. General Motors Company has a 52 week low of $48.87 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 stock has a market cap of $69.22 billion, a PE ratio of 30.96, a P/E/G ratio of 0.39 and a beta of 1.31.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.61 by $1.09. The firm had revenue of $43.62 billion during the quarter, compared to analysts’ expectations of $43.51 billion. General Motors had a return on equity of 16.68% and a net margin of 1.38%.The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.78 EPS. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, research analysts expect that General Motors Company will post 12.85 earnings per share for the current fiscal year.

General Motors Dividend Announcement

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

Insider Activity

In other news, EVP Rory Harvey sold 9,124 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $84.97, for a total transaction of $775,266.28. Following the transaction, the executive vice president directly owned 37,395 shares of the company’s stock, valued at approximately $3,177,453.15. This trade represents a 19.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 99,239 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $85.10, for a total value of $8,445,238.90. Following the completion of the sale, the chief executive officer directly owned 592,242 shares of the company’s stock, valued at approximately $50,399,794.20. This trade represents a 14.35% 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. In the last 90 days, insiders sold 697,388 shares of company stock valued at $57,752,596. Corporate insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

GM has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a “hold” rating to a “buy” rating and increased their target price for the stock from $83.00 to $90.00 in a research note on Tuesday, April 14th. Barclays lowered their price objective on General Motors from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Monday, March 30th. Piper Sandler reissued an “overweight” rating and set a $102.00 price objective on shares of General Motors in a research note on Wednesday, April 29th. Royal Bank Of Canada reduced their target price on General Motors from $95.00 to $94.00 and set an “outperform” rating for the company in a research report on Monday. Finally, Wall Street Zen raised General Motors from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.27.

General Motors Company Profile

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.