AE Wealth Management LLC Sells 23,958 Shares of General Motors Company $GM

AE Wealth Management LLC reduced its holdings in shares of General Motors Company (NYSE:GMFree 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 (NYSE:GMGet Free Report) (TSE:GMM.U) last posted its earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.25. General Motors had a return on equity of 14.72% and a net margin of 1.46%.The company had revenue of $45.29 billion for the quarter, compared to the consensus estimate of $45.81 billion. During the same period in the previous year, the business earned $1.92 earnings per share. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. On average, equities analysts anticipate that General Motors Company will post 11.44 EPS for the current fiscal year.

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:

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

(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.

Recommended Stories

Want to see what other hedge funds are holding GM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Motors Company (NYSE:GMFree Report) (TSE:GMM.U).

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

Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.