Ibex Wealth Advisors Takes Position in General Motors Company $GM

Ibex Wealth Advisors acquired a new stake in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 11,708 shares of the auto manufacturer’s stock, valued at approximately $952,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GM. Laurel Wealth Advisors LLC acquired a new stake in shares of General Motors during the fourth quarter valued at about $25,000. Elevation Wealth Partners LLC grew its holdings in shares of General Motors by 500.0% during the fourth 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 increased its stake in shares of General Motors by 101.7% in 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 period. Kelleher Financial Advisors bought a new position in General Motors in the 3rd quarter valued at approximately $29,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of General Motors in the fourth quarter valued at about $30,000. Institutional investors own 92.67% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Bank of America initiated coverage on General Motors in a research note on Wednesday, March 4th. They issued a “buy” rating and a $105.00 price objective on the stock. Evercore restated an “outperform” rating and set a $100.00 price target on shares of General Motors in a report on Monday, May 4th. UBS Group restated a “buy” rating on shares of General Motors in a research report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and upped their price objective for the company from $83.00 to $90.00 in a research note on Tuesday, April 14th. Finally, Wedbush reiterated an “outperform” rating and set a $95.00 price objective on shares of General Motors in a research report on Monday, May 11th. One investment 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 assigned a Sell rating to the company. According to MarketBeat, General Motors currently has an average rating of “Moderate Buy” and a consensus price target of $95.65.

View Our Latest Stock Analysis on General Motors

Insider Buying and Selling at General Motors

In other news, CAO Christopher Hatto sold 6,895 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $85.00, for a total value of $586,075.00. Following the completion of the sale, the chief accounting officer directly owned 25,794 shares in the company, valued at $2,192,490. This trade represents a 21.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 20,582 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $85.00, for a total value of $1,749,470.00. Following the completion of the sale, the chief executive officer directly owned 592,242 shares of the company’s stock, valued at $50,340,570. The trade was a 3.36% 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 ninety days, insiders sold 598,149 shares of company stock valued at $49,307,358. Corporate insiders own 0.54% of the company’s stock.

General Motors News Summary

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

General Motors Trading Down 1.8%

Shares of GM stock opened at $82.55 on Wednesday. General Motors Company has a fifty-two week low of $47.63 and a fifty-two week high of $87.62. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.99 and a current ratio of 1.15. The stock has a 50 day simple moving average of $78.86 and a two-hundred day simple moving average of $79.12. The company has a market cap of $74.43 billion, a P/E ratio of 33.29, a PEG ratio of 0.42 and a beta of 1.30.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last posted its quarterly earnings results 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 for 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. Research analysts forecast that General Motors Company will post 12.85 earnings per share for the current year.

General Motors Dividend Announcement

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

General Motors Company 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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