Corient Private Wealth LLC Grows Holdings in General Motors Company $GM

Corient Private Wealth LLC raised its holdings in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 14.4% in the 4th quarter, Holdings Channel reports. The firm owned 367,378 shares of the auto manufacturer’s stock after purchasing an additional 46,218 shares during the quarter. Corient Private Wealth LLC’s holdings in General Motors were worth $29,876,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Auto Owners Insurance Co increased its stake in General Motors by 8,032.0% in the 4th quarter. Auto Owners Insurance Co now owns 796,936 shares of the auto manufacturer’s stock worth $6,481,000 after buying an additional 787,136 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in General Motors in the 4th quarter valued at about $384,000. Reflection Asset Management bought a new position in General Motors in the 4th quarter worth about $76,000. Sankala Group LLC bought a new position in General Motors in the 4th quarter worth about $37,000. Finally, Tobam increased its position in shares of General Motors by 81.5% during the fourth quarter. Tobam now owns 59,711 shares of the auto manufacturer’s stock worth $4,856,000 after acquiring an additional 26,811 shares during the period. 92.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Christopher Hatto sold 6,895 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $85.00, for a total transaction of $586,075.00. Following the sale, the chief accounting officer owned 25,794 shares of the company’s stock, valued at $2,192,490. This trade represents a 21.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 215,391 shares of the firm’s stock in a transaction dated 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 sale, 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 position. 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 three months, insiders have sold 697,388 shares of company stock worth $57,752,596. 0.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on GM shares. Bank of America assumed coverage on shares of General Motors in a research note on Wednesday, March 4th. They set a “buy” rating and a $105.00 price target for the company. Wedbush restated an “outperform” rating and set a $95.00 price objective on shares of General Motors in a report on Monday, May 11th. Barclays reduced their price objective on General Motors from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Monday, March 30th. Mizuho decreased their target price on General Motors from $105.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Finally, The Goldman Sachs Group dropped their price target on General Motors from $104.00 to $91.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, General Motors presently has a consensus rating of “Moderate Buy” and an average target price of $95.65.

View Our Latest Stock Analysis on GM

General Motors Price Performance

Shares of GM opened at $79.45 on Monday. The company has a 50 day moving average price of $79.17 and a 200-day moving average price of $79.26. General Motors Company has a fifty-two week low of $47.63 and a fifty-two week high of $87.62. The stock has a market capitalization of $71.64 billion, a PE ratio of 32.04, a PEG ratio of 0.40 and a beta of 1.30. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.99 and a current ratio of 1.15.

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

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, June 5th. General Motors’s dividend payout ratio (DPR) is 29.03%.

Key Headlines Impacting General Motors

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

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.

Further Reading

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

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