Vontobel Holding Ltd. Raises Stake in General Motors Company $GM

Vontobel Holding Ltd. increased its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 5.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 128,463 shares of the auto manufacturer’s stock after buying an additional 6,075 shares during the period. Vontobel Holding Ltd.’s holdings in General Motors were worth $7,832,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of General Motors by 11.5% during the second quarter. Vanguard Group Inc. now owns 110,759,703 shares of the auto manufacturer’s stock valued at $5,450,485,000 after buying an additional 11,418,367 shares during the last quarter. Norges Bank purchased a new position in General Motors during the second quarter valued at $444,319,000. AQR Capital Management LLC grew its stake in General Motors by 146.8% during the first quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer’s stock valued at $629,196,000 after acquiring an additional 8,012,743 shares in the last quarter. Viking Global Investors LP increased its holdings in shares of General Motors by 81.1% in the second quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock worth $640,659,000 after purchasing an additional 5,830,050 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC purchased a new stake in shares of General Motors during the 2nd quarter worth approximately $125,583,000. 92.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at General Motors

In other news, EVP Rory Harvey sold 6,600 shares of the firm’s stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $61.95, for a total transaction of $408,870.00. Following the sale, the executive vice president directly owned 8,513 shares in the company, valued at $527,380.35. This trade represents a 43.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Mark L. Reuss sold 260,600 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $66.45, for a total value of $17,316,870.00. Following the completion of the sale, the president owned 98,006 shares of the company’s stock, valued at $6,512,498.70. This trade represents a 72.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 314,021 shares of company stock valued at $20,808,292. 0.54% of the stock is owned by company insiders.

General Motors Stock Performance

Shares of GM stock opened at $82.82 on Thursday. The business has a fifty day moving average of $72.38 and a 200 day moving average of $60.94. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.06. The firm has a market capitalization of $77.26 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 0.75 and a beta of 1.30. General Motors Company has a 1 year low of $41.60 and a 1 year high of $83.68.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.48. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The firm had revenue of $48.59 billion during the quarter, compared to analysts’ expectations of $44.60 billion. During the same period last year, the business posted $2.96 earnings per share. The company’s revenue for the quarter was down .3% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, research analysts expect that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Friday, December 5th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, December 5th. General Motors’s payout ratio is 12.07%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on GM shares. Jefferies Financial Group raised their target price on shares of General Motors from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, October 6th. JPMorgan Chase & Co. lifted their price objective on shares of General Motors from $60.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 30th. Piper Sandler set a $66.00 price target on shares of General Motors and gave the company a “neutral” rating in a report on Tuesday, October 21st. Wells Fargo & Company boosted their price objective on shares of General Motors from $46.00 to $48.00 and gave the company an “underweight” rating in a research report on Tuesday, December 9th. Finally, The Goldman Sachs Group increased their target price on shares of General Motors from $81.00 to $93.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $75.76.

General Motors Profile

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.