General Motors Company $GM Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. lessened its stake in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 6.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,824 shares of the auto manufacturer’s stock after selling 9,862 shares during the period. Hantz Financial Services Inc.’s holdings in General Motors were worth $8,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of General Motors in the 3rd quarter valued at about $29,000. Trust Co. of Toledo NA OH purchased a new stake in General Motors in the second quarter valued at approximately $25,000. GFG Capital LLC purchased a new stake in General Motors in the second quarter valued at approximately $27,000. Armstrong Advisory Group Inc. boosted its holdings in shares of General Motors by 94.6% in the third quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer’s stock valued at $33,000 after acquiring an additional 265 shares during the period. Finally, RMG Wealth Management LLC purchased a new position in shares of General Motors during the second quarter worth approximately $32,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Trading Up 0.5%

Shares of GM stock opened at $86.12 on Thursday. The business’s fifty day moving average price is $80.92 and its 200 day moving average price is $67.63. The firm has a market capitalization of $77.85 billion, a PE ratio of 28.61, a P/E/G ratio of 0.47 and a beta of 1.36. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.17 and a quick ratio of 1.01. General Motors Company has a 1-year low of $41.60 and a 1-year high of $87.62.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.25. General Motors had a net margin of 1.46% and a return on equity of 14.72%. The business had revenue of $45.29 billion for the quarter, compared to analysts’ expectations of $45.81 billion. During the same period in the prior year, the company posted $1.92 EPS. The business’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. As a group, sell-side analysts forecast that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors announced that its board has approved a stock repurchase plan on Tuesday, January 27th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to purchase up to 8.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

General Motors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, March 6th will be paid a dividend of $0.18 per share. This is a positive change from General Motors’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, March 6th. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. General Motors’s dividend payout ratio is presently 19.93%.

Insider Buying and Selling at General Motors

In related news, CAO Christopher Hatto sold 7,724 shares of General Motors stock in a transaction on Wednesday, November 12th. The stock was 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wedbush increased their price target on shares of General Motors from $75.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, December 18th. Piper Sandler reaffirmed an “overweight” rating and issued a $105.00 target price (up from $98.00) on shares of General Motors in a report on Wednesday, January 28th. Benchmark reissued a “buy” rating on shares of General Motors in a report on Wednesday, October 22nd. Evercore ISI upped their price objective on General Motors from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Royal Bank Of Canada lifted their target price on General Motors from $92.00 to $107.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $88.43.

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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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