AE Wealth Management LLC reduced its holdings in shares of General Motors Company (NYSE:GM – Free Report) (TSE:GMM.U) by 72.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 9,069 shares of the auto manufacturer’s stock after selling 23,958 shares during the quarter. AE Wealth Management LLC’s holdings in General Motors were worth $553,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also added to or reduced their stakes in GM. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of General Motors by 1,939.0% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 14,905 shares of the auto manufacturer’s stock valued at $909,000 after acquiring an additional 14,174 shares during the period. TD Waterhouse Canada Inc. raised its stake in shares of General Motors by 17.0% during the third quarter. TD Waterhouse Canada Inc. now owns 3,155 shares of the auto manufacturer’s stock worth $194,000 after acquiring an additional 458 shares in the last quarter. Ballentine Partners LLC lifted its stake in General Motors by 2.1% in the third quarter. Ballentine Partners LLC now owns 10,848 shares of the auto manufacturer’s stock worth $661,000 after purchasing an additional 223 shares during the last quarter. Retirement Planning Co of New England Inc. bought a new position in General Motors during the 3rd quarter worth approximately $211,000. Finally, Valeo Financial Advisors LLC grew its holdings in shares of General Motors by 4.2% in the third quarter. Valeo Financial Advisors LLC now owns 17,414 shares of the auto manufacturer’s stock worth $1,062,000 after purchasing an additional 695 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.
General Motors Price Performance
GM stock opened at $86.12 on Thursday. General Motors Company has a one year low of $41.60 and a one year high of $87.62. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.01 and a current ratio of 1.17. The company’s fifty day moving average price is $80.92 and its 200-day moving average price is $67.63. The company has a market capitalization of $77.85 billion, a PE ratio of 28.61, a price-to-earnings-growth ratio of 0.47 and a beta of 1.36.
General Motors Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, March 6th will be issued a $0.18 dividend. This is a positive change from General Motors’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, March 6th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. General Motors’s dividend payout ratio (DPR) is presently 19.93%.
General Motors announced that its board has authorized a stock buyback plan on Tuesday, January 27th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the auto manufacturer to buy up to 8.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
Analyst Ratings Changes
A number of research analysts have commented on the company. Tigress Financial upped their price target on General Motors from $88.00 to $92.00 and gave the company a “strong-buy” rating in a research report on Friday, October 24th. Piper Sandler restated an “overweight” rating and issued a $105.00 price target (up previously from $98.00) on shares of General Motors in a research note on Wednesday, January 28th. JPMorgan Chase & Co. lifted their target price on shares of General Motors from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Benchmark reiterated a “buy” rating on shares of General Motors in a report on Wednesday, October 22nd. Finally, UBS Group raised their price target on General Motors from $97.00 to $102.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.43.
Check Out Our Latest Stock Analysis on GM
Key General Motors News
Here are the key news stories impacting General Motors this week:
- Positive Sentiment: Analyst price-target increase — A report says GM’s price target was raised by 10.11% to $91.07, supporting near-term upside expectations. General Motors (GM) price target increased by 10.11% to 91.07
- Positive Sentiment: Evercore ISI bullish note — An Evercore ISI analyst says GM’s stock price is expected to rise, adding third‑party validation to investor optimism. General Motors (NYSE:GM) Stock Price Expected to Rise, Evercore ISI Analyst Says
- Positive Sentiment: Jefferies projects strong appreciation — Jefferies’ forecast for meaningful price upside reinforces analyst-driven momentum. Jefferies Financial Group Forecasts Strong Price Appreciation for General Motors (NYSE:GM) Stock
- Positive Sentiment: EV accessory adoption — Most new GM EV buyers are opting for a home-charging package, which supports EV adoption and recurring/aftermarket revenue. Most New GM EV Customers Are Choosing A Home Charging Package
- Positive Sentiment: Focus on higher-margin models in Korea — GM Korea’s push into the premium segment could improve margins and mix in that market. GM Korea Strengthening Focus On Premium Vehicle Segment
- Neutral Sentiment: Company preparedness for downturn — Reporting outlines how GM is positioning operations and balance sheet for weaker macro conditions; prudent but signals management is cautious. How GM is preparing for an economic downturn
- Neutral Sentiment: Technical/brand info and minor fixes — GM issued a fix for a Chevy Trax fuel‑injector flow-rate issue (mitigates safety/recall risk) and an explainer about “Ecotec” engines; operationally relevant but not material. GM Releases Fix For Chevy Trax Fuel Injector Flow Rate Issue What Ecotec Means On GM Engines
- Neutral Sentiment: Investor interest and visibility — Zacks notes heavy investor searches on GM, which can increase volatility and liquidity but is not a directional catalyst by itself. Investors Heavily Search General Motors Company (GM): Here is What You Need to Know
- Neutral Sentiment: CEO public engagement — GM’s CEO attended a White House event with former President Trump; may affect public relations and policy visibility but no immediate financial impact detailed. General Motors CEO attends White House event with Trump
- Negative Sentiment: Potential Canada repayment claim — Canada says it may seek to recover “hundreds of millions” from GM over scaled‑back production, representing a possible near‑term liability and headwind to shares. Canada to Claim Stellantis, GM Owe Hundreds of Millions to Government
Insider Activity
In related news, CAO Christopher Hatto sold 7,724 shares of General Motors stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $72.00, for a total transaction of $556,128.00. Following the completion of the transaction, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at approximately $864,504. The trade was a 39.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.54% of the company’s stock.
General Motors 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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