Fideuram Asset Management Ireland dac Makes New $1.83 Million Investment in General Motors Company $GM

Fideuram Asset Management Ireland dac purchased a new position in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 22,446 shares of the auto manufacturer’s stock, valued at approximately $1,825,000.

Other large investors have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new stake in General Motors in the 4th quarter valued at about $25,000. Elevation Wealth Partners LLC boosted its position in General Motors by 500.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 275 shares during the period. Kelleher Financial Advisors purchased a new stake in General Motors in the 3rd quarter valued at about $29,000. Founders Capital Management purchased a new stake in General Motors in the 4th quarter valued at about $31,000. Finally, JPL Wealth Management LLC purchased a new stake in General Motors in the 3rd quarter valued at about $32,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Trading Down 1.1%

NYSE GM opened at $83.39 on Friday. 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 firm has a market cap of $75.19 billion, a PE ratio of 33.63, a price-to-earnings-growth ratio of 0.42 and a beta of 1.29. The company has a 50 day moving average price of $76.93 and a 200 day moving average price of $78.07. General Motors Company has a 52 week low of $46.81 and a 52 week high of $87.62.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 EPS for the quarter, topping the consensus estimate of $2.61 by $1.09. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The firm had revenue of $43.62 billion during the quarter, compared to analyst estimates of $43.51 billion. During the same quarter in the previous year, the business posted $2.78 EPS. General Motors’s 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, sell-side analysts forecast that General Motors Company will post 12.85 EPS for the current fiscal year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, June 5th. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. General Motors’s dividend payout ratio is currently 29.03%.

General Motors News Roundup

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GM shares. UBS Group boosted their price target on shares of General Motors from $102.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a “hold” rating to a “buy” rating and boosted their price target for the company from $83.00 to $90.00 in a report on Tuesday, April 14th. Wall Street Zen upgraded shares of General Motors from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Benchmark boosted their price target on shares of General Motors from $65.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of General Motors in a report on Tuesday, April 21st. One 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $94.65.

Get Our Latest Analysis on GM

Insiders Place Their Bets

In other General Motors news, CEO Mary T. Barra sold 215,391 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $80.01, for a total transaction of $17,233,433.91. Following the completion of the transaction, the chief executive officer directly owned 770,491 shares in the company, valued at approximately $61,646,984.91. This represents a 21.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 79,494 shares of the company’s stock in a transaction 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 transaction, the executive vice president owned 46,519 shares of the company’s stock, valued at $3,862,007.38. This represents 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. Insiders have sold 538,548 shares of company stock valued at $44,241,546 over the last 90 days. 0.54% of the stock is currently owned by company insiders.

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.

Read More

Want to see what other hedge funds are holding GM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Motors Company (NYSE:GMFree Report) (TSE:GMM.U).

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

Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.