Chicago Partners Investment Group LLC Acquires 7,160 Shares of General Motors Company $GM

Chicago Partners Investment Group LLC boosted its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 37.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 26,423 shares of the auto manufacturer’s stock after acquiring an additional 7,160 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in General Motors were worth $2,087,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Laurel Wealth Advisors LLC purchased a new stake in shares of General Motors during the 4th quarter worth $25,000. Elevation Wealth Partners LLC grew its stake in General Motors by 500.0% in the fourth quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 275 shares during the last quarter. Kelleher Financial Advisors purchased a new position in General Motors in the third quarter valued at about $29,000. SouthState Bank Corp raised its holdings in General Motors by 101.7% in the fourth quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock worth $29,000 after purchasing an additional 177 shares in the last quarter. Finally, Kemnay Advisory Services Inc. bought a new position in General Motors in the fourth quarter worth about $30,000. Institutional investors own 92.67% of the company’s stock.

Insider Buying and Selling at General Motors

In other General Motors news, EVP Rory Harvey sold 79,494 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $83.02, for a total value of $6,599,591.88. Following the completion of the transaction, the executive vice president owned 46,519 shares of the company’s stock, valued at approximately $3,862,007.38. This trade represents a 63.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 215,391 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was 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 of the company’s stock, valued at approximately $61,646,984.91. This represents a 21.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 697,388 shares of company stock worth $57,752,596. 0.54% of the stock is owned by corporate insiders.

General Motors Price Performance

Shares of NYSE GM opened at $76.81 on Wednesday. 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 company has a market cap of $69.26 billion, a PE ratio of 30.97, a P/E/G ratio of 0.39 and a beta of 1.31. The business has a 50-day simple moving average of $78.92 and a two-hundred day simple moving average of $79.01. General Motors Company has a fifty-two week low of $48.87 and a fifty-two week high of $87.62.

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, beating the consensus estimate of $2.61 by $1.09. The firm had revenue of $43.62 billion for the quarter, compared to the consensus estimate of $43.51 billion. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.78 earnings per share. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, equities analysts expect that General Motors Company will post 12.85 EPS for the current fiscal year.

General Motors Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of General Motors from $59.00 to $60.00 and gave the company an “underweight” rating in a report on Thursday, June 25th. JPMorgan Chase & Co. boosted their price objective on shares of General Motors from $98.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Evercore reissued an “outperform” rating and set a $100.00 target price on shares of General Motors in a research report on Monday, May 4th. Royal Bank Of Canada lowered their target price on shares of General Motors from $95.00 to $94.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Wedbush reaffirmed an “outperform” rating and issued a $95.00 price target on shares of General Motors in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.