Louisiana State Employees Retirement System Makes New Investment in General Motors Company $GM

Louisiana State Employees Retirement System acquired a new stake in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 46,100 shares of the auto manufacturer’s stock, valued at approximately $3,434,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Fiduciary Alliance LLC purchased a new stake in shares of General Motors in the first quarter worth approximately $203,000. Kestra Private Wealth Services LLC grew its holdings in General Motors by 176.1% during the first quarter. Kestra Private Wealth Services LLC now owns 19,884 shares of the auto manufacturer’s stock worth $1,481,000 after buying an additional 12,682 shares in the last quarter. Global Financial Private Client LLC raised its position in General Motors by 18.2% in the 1st quarter. Global Financial Private Client LLC now owns 6,586 shares of the auto manufacturer’s stock valued at $491,000 after buying an additional 1,012 shares during the last quarter. MinichMacGregor Wealth Management LLC lifted its stake in General Motors by 3.8% during the 1st quarter. MinichMacGregor Wealth Management LLC now owns 3,975 shares of the auto manufacturer’s stock valued at $296,000 after acquiring an additional 144 shares in the last quarter. Finally, Friedenthal Financial bought a new position in General Motors during the 1st quarter valued at $974,000. 92.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CAO Christopher Hatto sold 6,895 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was 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 in the company, 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 Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 9,124 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $84.97, for a total value of $775,266.28. Following the transaction, the executive vice president directly owned 37,395 shares of the company’s stock, valued at approximately $3,177,453.15. This trade represents a 19.61% 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. In the last quarter, insiders have sold 697,388 shares of company stock valued at $57,752,596. 0.54% of the stock is owned by company insiders.

General Motors News Summary

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

Analysts Set New Price Targets

Several analysts have recently issued reports on GM shares. Wedbush reiterated an “outperform” rating and issued a $95.00 target price on shares of General Motors in a research note on Monday, May 11th. Bank of America assumed coverage on shares of General Motors in a report on Wednesday, March 4th. They set a “buy” rating and a $105.00 price target on the stock. Wolfe Research raised shares of General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 price objective for the company in a research report on Wednesday, March 25th. Piper Sandler reiterated an “overweight” rating and issued a $102.00 price objective on shares of General Motors in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $95.00 target price on shares of General Motors in a research report on Friday, June 12th. 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 given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $95.70.

View Our Latest Stock Analysis on GM

General Motors Trading Down 0.4%

NYSE GM opened at $78.20 on Friday. The business’s fifty day moving average is $79.34 and its 200-day moving average is $79.37. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.15 and a quick ratio of 0.99. The stock has a market capitalization of $70.51 billion, a price-to-earnings ratio of 31.53, a PEG ratio of 0.39 and a beta of 1.30. General Motors Company has a one year low of $48.80 and a one year high of $87.62.

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 for the quarter, beating 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 company had revenue of $43.62 billion during the quarter, compared to analyst estimates of $43.51 billion. During the same quarter in the prior year, the business earned $2.78 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. Equities research analysts predict that General Motors Company will post 12.85 EPS for the current year.

General Motors Announces Dividend

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

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.

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

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