39,169 General Motors Company $GM Shares Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP lifted its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 125.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 70,309 shares of the auto manufacturer’s stock after purchasing an additional 39,169 shares during the period. Fulcrum Asset Management LLP’s holdings in General Motors were worth $5,658,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its position in shares of General Motors by 20.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,011,982 shares of the auto manufacturer’s stock valued at $80,260,000 after buying an additional 172,619 shares during the last quarter. Beverly Hills Private Wealth LLC acquired a new stake in shares of General Motors in the third quarter valued at about $273,000. Hohimer Wealth Management LLC acquired a new stake in shares of General Motors in the third quarter valued at about $2,717,000. University of Texas Texas AM Investment Management Co. increased its stake in shares of General Motors by 49.1% in the third quarter. University of Texas Texas AM Investment Management Co. now owns 95,143 shares of the auto manufacturer’s stock valued at $7,326,000 after buying an additional 31,314 shares during the period. Finally, M Holdings Securities Inc. bought a new position in shares of General Motors during the third quarter worth about $614,000. Institutional investors own 92.67% of the company’s stock.

Insider Buying and Selling at General Motors

In other news, EVP Rory Harvey sold 16,513 shares of the company’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $89.64, for a total transaction of $1,480,225.32. Following the transaction, the executive vice president owned 12,000 shares in the company, valued at approximately $1,075,680. This represents a 57.91% decrease in their ownership of the stock. The sale 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. Corporate insiders own 0.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Truist Financial set a $105.00 price objective on General Motors in a research note on Wednesday, October 7th. TD Cowen reiterated a “buy” rating and issued a $132.00 target price on shares of General Motors in a report on Wednesday, October 21st. Wall Street Zen downgraded shares of General Motors from a “buy” rating to a “hold” rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft set a $98.00 price target on shares of General Motors in a report on Wednesday, October 21st. Finally, Royal Bank Of Canada dropped their price target on shares of General Motors from $102.00 to $98.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, General Motors presently has an average rating of “Moderate Buy” and an average target price of $101.44.

Trending Headlines about General Motors

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

• Positive Sentiment: Higher long-term earnings forecasts: Zacks Research raised its estimates for GM’s 2027 and 2028 earnings, including its FY2028 EPS forecast to $15.10 from $12.70. Zacks Research earnings forecast
• Positive Sentiment: Domestic battery-materials exposure: GM holds a 38% stake in Nevada’s Thacker Pass lithium project, which could support its longer-term EV battery supply chain. GM’s Thacker Pass stake
• Neutral Sentiment: Executive share sale: EVP Rory Harvey sold 16,513 shares under a pre-arranged Rule 10b5-1 plan, reducing his direct holding by 57.9%. The planned nature of the transaction makes it a less clear signal about his outlook. SEC filing
• Negative Sentiment: EV braking recall: GM is recalling about 67,000 Chevrolet and Cadillac EVs over a software issue that could cause loss of braking. An over-the-air fix may limit repair costs, but the safety risk and added scrutiny are concerns. EV braking recall
• Negative Sentiment: Further recall and legal overhangs: Reports describe additional recalls affecting more than 80,000 vehicles, while GM recently agreed to a $220 million settlement with 36 states over allegations involving driver-data practices. Additional vehicle recalls Driver-data settlement
• Negative Sentiment: Costs and product uncertainty: Automakers face higher material, logistics, and memory costs as pricing power weakens. Separately, a report says GM has dropped a planned electric Corvette SUV, raising questions about its EV product strategy. Automaker cost pressures Electric Corvette SUV report

General Motors Stock Performance

NYSE:GM opened at $86.24 on Monday. The company has a fifty day moving average of $83.35 and a 200-day moving average of $80.83. The firm has a market capitalization of $72.75 billion, a P/E ratio of 19.78, a P/E/G ratio of 0.49 and a beta of 1.40. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 1.32. General Motors Company has a twelve month low of $67.06 and a twelve month high of $93.70.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, October 20th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.69 by $0.01. The business had revenue of $50.02 billion for the quarter, compared to analyst estimates of $48.78 billion. General Motors had a net margin of 2.12% and a return on equity of 19.36%. General Motors’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.80 earnings per share. As a group, sell-side analysts anticipate that General Motors Company will post 13.37 EPS for the current year.

General Motors announced that its Board of Directors has approved a share repurchase plan on Tuesday, October 20th that permits the company to repurchase $20 billion in shares. This repurchase authorization permits the auto manufacturer to repurchase up to 27.5% of its stock through open market purchases. Share repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Friday, December 4th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, December 4th. General Motors’s payout ratio is 16.51%.

About General Motors

General Motors Company designs, manufactures and sells cars, trucks, crossovers and sport utility vehicles. Its vehicle brands include Chevrolet, Buick, GMC and Cadillac, and its offerings also include vehicle parts, software and related services. GM Financial provides automotive financing and leasing products to customers and dealers.

Founded in 1908, General Motors is headquartered in Detroit, Michigan. The company serves customers in North America and international markets, with operations and sales spanning multiple regions.

Mary Barra has served as GM’s chief executive officer since 2014.