Integrity Alliance LLC. Buys New Shares in General Motors Company $GM

Integrity Alliance LLC. bought a new stake in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 6,521 shares of the auto manufacturer’s stock, valued at approximately $530,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Arvest Bank Trust Division purchased a new position in General Motors in the fourth quarter valued at $345,000. Cary Street Partners Investment Advisory LLC boosted its holdings in General Motors by 23.4% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 1,996 shares of the auto manufacturer’s stock valued at $162,000 after purchasing an additional 379 shares during the period. Bleakley Financial Group LLC boosted its holdings in General Motors by 17.4% in the fourth quarter. Bleakley Financial Group LLC now owns 21,975 shares of the auto manufacturer’s stock valued at $1,787,000 after purchasing an additional 3,263 shares during the period. Atlatl Advisers LLC purchased a new position in General Motors in the fourth quarter valued at $3,038,000. Finally, Cary Street Partners Financial LLC boosted its holdings in General Motors by 42.8% in the fourth quarter. Cary Street Partners Financial LLC now owns 3,669 shares of the auto manufacturer’s stock valued at $298,000 after purchasing an additional 1,099 shares during the period. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Mary T. Barra sold 134,954 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $85.03, for a total value of $11,475,138.62. Following the completion of the sale, the chief executive officer directly owned 592,242 shares of the company’s stock, valued at approximately $50,358,337.26. The trade was a 18.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 dated Wednesday, May 27th. The shares were sold at an average price of $83.02, for a total value of $6,599,591.88. Following the completion of the sale, the executive vice president directly owned 46,519 shares of the company’s stock, valued at $3,862,007.38. The trade was 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. Insiders sold a total of 538,548 shares of company stock valued at $44,241,546 over the last three months. Company insiders own 0.54% of the company’s stock.

General Motors Stock Down 1.1%

Shares of NYSE GM opened at $83.39 on Friday. The company has a market capitalization of $75.19 billion, a price-to-earnings ratio of 33.63, a price-to-earnings-growth ratio of 0.42 and a beta of 1.29. 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 business has a 50-day moving average of $76.93 and a two-hundred day moving average of $78.07. General Motors Company has a 1 year low of $46.81 and a 1 year high of $87.62.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last posted its earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share for the quarter, beating 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 previous year, the business earned $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, analysts forecast that General Motors Company will post 12.85 earnings per share for the current fiscal year.

General Motors Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GM shares. Deutsche Bank Aktiengesellschaft upgraded General Motors from a “hold” rating to a “buy” rating and lifted their target price for the company from $83.00 to $90.00 in a report on Tuesday, April 14th. Piper Sandler reaffirmed an “overweight” rating and set a $102.00 price target on shares of General Motors in a report on Wednesday, April 29th. Wells Fargo & Company lifted their price target on General Motors from $57.00 to $59.00 and gave the stock an “underweight” rating in a report on Wednesday, April 29th. UBS Group lifted their price target on General Motors from $102.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Finally, TD Cowen lifted their price target on General Motors from $122.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. 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 assigned a Sell rating to the stock. According to MarketBeat.com, General Motors presently has a consensus rating of “Moderate Buy” and an average target price of $94.65.

Read Our Latest Stock Report on General Motors

Key General Motors News

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.

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

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