Eurizon Capital SGR S.p.A. Acquires Shares of 131,985 General Motors Company $GM

Eurizon Capital SGR S.p.A. acquired a new stake in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 131,985 shares of the auto manufacturer’s stock, valued at approximately $10,734,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC purchased a new stake in shares of General Motors during the fourth quarter worth about $25,000. Elevation Wealth Partners LLC increased its position in shares of General Motors by 500.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 275 shares during the last quarter. Founders Capital Management purchased a new stake in shares of General Motors during the fourth quarter worth about $31,000. Basepoint Wealth LLC purchased a new stake in shares of General Motors during the fourth quarter worth about $33,000. Finally, Ares Financial Consulting LLC purchased a new stake in shares of General Motors during the fourth quarter worth about $35,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Stock Performance

Shares of GM stock opened at $83.39 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.41. The business has a 50 day moving average of $76.93 and a two-hundred day moving average of $78.12. General Motors Company has a 52 week low of $46.81 and a 52 week high of $87.62. The company has a market cap of $75.19 billion, a P/E ratio of 33.63, a PEG ratio of 0.42 and a beta of 1.30.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last issued its earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $2.61 by $1.09. General Motors had a return on equity of 16.68% and a net margin of 1.38%.The company had revenue of $43.62 billion during the quarter, compared to the consensus estimate of $43.51 billion. During the same period in the previous year, the firm posted $2.78 earnings per share. General Motors’s quarterly revenue was down .9% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, analysts anticipate that General Motors Company will post 12.85 EPS for the current year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, June 5th. General Motors’s payout ratio is presently 29.03%.

More General Motors News

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

Wall Street Analysts Forecast Growth

GM has been the topic of a number of analyst reports. Mizuho dropped their target price on General Motors from $105.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of General Motors in a research report on Tuesday, April 21st. Wolfe Research raised General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 target price on the stock in a research report on Wednesday, March 25th. Jefferies Financial Group lifted their target price on General Motors from $85.00 to $97.00 and gave the stock a “hold” rating in a research report on Monday, February 2nd. Finally, UBS Group lifted their target price on General Motors from $102.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. One 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $94.65.

Check Out Our Latest Research Report on General Motors

Insider Buying and Selling

In other news, CEO Mary T. Barra sold 215,391 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $80.01, for a total transaction of $17,233,433.91. Following the completion of the transaction, the chief executive officer directly owned 770,491 shares in the company, valued at approximately $61,646,984.91. The trade was a 21.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 79,494 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $83.02, for a total value of $6,599,591.88. Following the transaction, the executive vice president owned 46,519 shares of the company’s stock, valued at approximately $3,862,007.38. This represents a 63.08% 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. Over the last 90 days, insiders sold 538,548 shares of company stock valued at $44,241,546. 0.54% of the stock is currently owned by insiders.

General Motors Company 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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