Royal London Asset Management Ltd. increased its stake in General Motors Company (NYSE:GM – Free Report) (TSE:GMM.U) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,453,007 shares of the auto manufacturer’s stock after purchasing an additional 6,159 shares during the quarter. Royal London Asset Management Ltd. owned approximately 0.16% of General Motors worth $118,159,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of GM. Vontobel Holding Ltd. raised its stake in shares of General Motors by 14.1% in the fourth quarter. Vontobel Holding Ltd. now owns 146,599 shares of the auto manufacturer’s stock valued at $11,921,000 after buying an additional 18,136 shares during the period. Martingale Asset Management L P grew its stake in shares of General Motors by 807.5% during the 4th quarter. Martingale Asset Management L P now owns 54,941 shares of the auto manufacturer’s stock worth $4,468,000 after acquiring an additional 48,887 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of General Motors during the 4th quarter worth $1,375,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in General Motors by 21.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,245,861 shares of the auto manufacturer’s stock worth $670,553,000 after acquiring an additional 1,430,683 shares during the last quarter. Finally, Banco Santander S.A. raised its stake in General Motors by 184.2% in the 4th quarter. Banco Santander S.A. now owns 11,261 shares of the auto manufacturer’s stock valued at $916,000 after acquiring an additional 7,299 shares during the period. Hedge funds and other institutional investors own 92.67% of the company’s stock.
General Motors Stock Up 0.7%
GM stock opened at $81.44 on Friday. The stock has a 50-day simple moving average of $78.43 and a two-hundred day simple moving average of $78.92. General Motors Company has a twelve month low of $47.63 and a twelve month high of $87.62. The firm has a market capitalization of $73.43 billion, a PE ratio of 32.84, a PEG ratio of 0.41 and a beta of 1.30. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.41.
General Motors Dividend Announcement
The company 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 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, June 5th. General Motors’s dividend payout ratio (DPR) is presently 29.03%.
Insider Activity
In other news, CAO Christopher Hatto sold 6,895 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $85.00, for a total value of $586,075.00. Following the transaction, the chief accounting officer owned 25,794 shares of the company’s stock, valued at approximately $2,192,490. This represents a 21.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 79,494 shares of the stock in a transaction on 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 sale, the executive vice president owned 46,519 shares in the company, valued at $3,862,007.38. This trade represents a 63.08% 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. Insiders sold 598,149 shares of company stock worth $49,307,358 in the last three months. Corporate insiders own 0.54% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have commented on GM shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $95.00 price objective on shares of General Motors in a report on Friday. UBS Group reissued a “buy” rating on shares of General Motors in a research report on Wednesday. Barclays dropped their price target on shares of General Motors from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Monday, March 30th. Piper Sandler reaffirmed an “overweight” rating and issued a $102.00 price objective on shares of General Motors in a report on Wednesday, April 29th. Finally, Wells Fargo & Company lifted their price objective on shares of General Motors from $57.00 to $59.00 and gave the company an “underweight” rating in a research note on Wednesday, April 29th. 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 issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $95.65.
Get Our Latest Stock Analysis on General Motors
Trending Headlines about General Motors
Here are the key news stories impacting General Motors this week:
- Positive Sentiment: GM’s Redwood Materials partnership and broader battery-lifecycle strategy may create new revenue opportunities and strengthen its EV ecosystem.
- Positive Sentiment: Analysts highlighted GM’s energy-storage business as overlooked, and recent earnings estimate increases suggest improving profit expectations.
- Neutral Sentiment: CEO Mary Barra sold shares under a pre-arranged trading plan, which is routine but can still make some investors cautious. SEC filing
- Negative Sentiment: GM continues to face negative headlines around dealer disputes, political scrutiny over repair-rights issues, and criticism of its truck lineup, which could weigh on sentiment.
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.
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