6,213 Shares in General Motors Company $GM Bought by Severin Investments LLC

Severin Investments LLC bought a new position in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,213 shares of the auto manufacturer’s stock, valued at approximately $505,000.

Several other large investors have also added to or reduced their stakes in GM. Laurel Wealth Advisors LLC bought a new stake in General Motors in the fourth quarter valued at $25,000. Elevation Wealth Partners LLC boosted its holdings 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 acquiring an additional 275 shares in the last quarter. Kelleher Financial Advisors bought a new stake in General Motors in the third quarter valued at $29,000. Founders Capital Management bought a new stake in General Motors in the fourth quarter valued at $31,000. Finally, JPL Wealth Management LLC bought a new stake in General Motors in the third quarter valued at $32,000. Institutional investors own 92.67% of the company’s stock.

Key Stories Impacting General Motors

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

General Motors Stock Performance

Shares of GM stock opened at $84.00 on Thursday. General Motors Company has a 12 month low of $46.81 and a 12 month high of $87.62. The stock has a market cap of $75.74 billion, a PE ratio of 33.87, a price-to-earnings-growth ratio of 0.40 and a beta of 1.29. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.41. The company’s fifty day moving average price is $76.53 and its 200-day moving average price is $77.93.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last announced its earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $43.51 billion. During the same quarter in the previous year, the business posted $2.78 EPS. The company’s quarterly revenue was down .9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. On average, 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 declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, June 5th. General Motors’s payout ratio is currently 29.03%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Royal Bank Of Canada cut their price target on shares of General Motors from $96.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Morgan Stanley reiterated an “overweight” rating and issued a $100.00 price target on shares of General Motors in a report on Wednesday, January 28th. Wells Fargo & Company lifted their price target on shares of General Motors from $57.00 to $59.00 and gave the company an “underweight” rating in a report on Wednesday, April 29th. Citigroup lifted their price target on shares of General Motors from $105.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Mizuho dropped their target price on shares of General Motors from $105.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have issued a Hold rating and one has issued 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 price target of $94.65.

Read Our Latest Stock Analysis on GM

Insider Activity

In other news, EVP Rory Harvey sold 79,494 shares of General Motors stock in a transaction dated Wednesday, May 27th. The stock was 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 $3,862,007.38. The trade was a 63.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.54% of the stock is currently owned by corporate insiders.

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.

See Also

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

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