Cerity Partners LLC Grows Position in General Motors Company $GM

Cerity Partners LLC grew its stake in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 579,240 shares of the auto manufacturer’s stock after purchasing an additional 9,309 shares during the period. Cerity Partners LLC owned about 0.06% of General Motors worth $47,104,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of GM. Laurel Wealth Advisors LLC purchased a new stake in General Motors in the 4th quarter worth approximately $25,000. Elevation Wealth Partners LLC boosted its position in General Motors by 500.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 275 shares in the last quarter. SouthState Bank Corp boosted its position in General Motors by 101.7% in the 4th quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock worth $29,000 after purchasing an additional 177 shares in the last quarter. Kelleher Financial Advisors purchased a new stake in General Motors in the 3rd quarter worth approximately $29,000. Finally, Founders Capital Management purchased a new stake in General Motors in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors News Summary

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

Insider Activity at General Motors

In related news, CAO Christopher Hatto sold 6,895 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $85.00, for a total value of $586,075.00. Following the completion of the transaction, the chief accounting officer directly owned 25,794 shares of the company’s stock, valued at approximately $2,192,490. This represents a 21.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 215,391 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $80.01, for a total value of $17,233,433.91. Following the completion of the transaction, the chief executive officer directly owned 770,491 shares of the company’s stock, valued at approximately $61,646,984.91. This represents a 21.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 577,567 shares of company stock valued at $47,557,888. 0.54% of the stock is owned by insiders.

General Motors Trading Down 5.3%

Shares of GM stock opened at $79.35 on Thursday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.15 and a quick ratio of 0.99. The company has a market cap of $71.55 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 0.42 and a beta of 1.30. The stock has a 50 day simple moving average of $78.18 and a 200-day simple moving average of $78.83. General Motors Company has a 1-year low of $47.63 and a 1-year high of $87.62.

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

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, June 5th. General Motors’s dividend payout ratio is currently 29.03%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. UBS Group restated a “buy” rating on shares of General Motors in a research report on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of General Motors in a research report on Tuesday, April 21st. Bank of America began coverage on General Motors in a research report on Wednesday, March 4th. They issued a “buy” rating and a $105.00 price objective on the stock. TD Cowen upped their target price on General Motors from $122.00 to $126.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Wolfe Research raised General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 target price for the company in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, General Motors presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.65.

Get Our Latest Analysis on GM

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.

See Also

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

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