Deutsche Bank AG Sells 276,514 Shares of General Motors Company $GM

Deutsche Bank AG lowered its stake in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 7.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,683,420 shares of the auto manufacturer’s stock after selling 276,514 shares during the quarter. Deutsche Bank AG’s holdings in General Motors were worth $299,536,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Franklin Resources Inc. lifted its position in General Motors by 2.7% in the fourth quarter. Franklin Resources Inc. now owns 32,158,403 shares of the auto manufacturer’s stock valued at $2,615,121,000 after purchasing an additional 835,645 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of General Motors by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 22,242,381 shares of the auto manufacturer’s stock valued at $1,802,668,000 after buying an additional 267,477 shares during the period. Capital World Investors increased its stake in shares of General Motors by 7.8% during the fourth quarter. Capital World Investors now owns 19,536,049 shares of the auto manufacturer’s stock valued at $1,588,688,000 after buying an additional 1,405,530 shares during the period. AQR Capital Management LLC increased its stake in shares of General Motors by 5.5% during the third quarter. AQR Capital Management LLC now owns 14,252,689 shares of the auto manufacturer’s stock valued at $868,986,000 after buying an additional 748,831 shares during the period. Finally, Viking Global Investors LP increased its stake in shares of General Motors by 81.1% during the second quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock valued at $640,659,000 after buying an additional 5,830,050 shares during the period. Institutional investors own 92.67% of the company’s stock.

Insider Buying and Selling

In other news, EVP Rory Harvey sold 9,124 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $84.97, for a total value of $775,266.28. Following the sale, the executive vice president directly owned 37,395 shares of the company’s stock, valued at approximately $3,177,453.15. This represents a 19.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 sale, the chief accounting officer directly owned 25,794 shares in the company, valued at approximately $2,192,490. This represents a 21.09% 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 have sold 577,567 shares of company stock worth $47,557,888 in the last 90 days. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GM shares. Royal Bank Of Canada reduced their target price on General Motors from $96.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Barclays reduced their target price on General Motors from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Monday, March 30th. Wedbush reissued an “outperform” rating and set a $95.00 target price on shares of General Motors in a research note on Monday, May 11th. Citigroup boosted their target price on General Motors from $108.00 to $131.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Finally, UBS Group reissued a “buy” rating on shares of General Motors in a research note on Wednesday. One equities research 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 stock. Based on data from MarketBeat, General Motors presently has an average rating of “Moderate Buy” and a consensus price target of $95.65.

View Our Latest Research Report on General Motors

General Motors News Roundup

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

General Motors Price Performance

Shares of GM stock opened at $79.35 on Thursday. The stock 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 business’s fifty day moving average is $78.18 and its 200 day moving average is $78.83. General Motors Company has a twelve month low of $47.63 and a twelve month high of $87.62. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.41.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last issued its quarterly 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 company had revenue of $43.62 billion for the quarter, compared to analysts’ expectations of $43.51 billion. During the same period in the prior year, the firm earned $2.78 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. Research analysts expect that General Motors Company will post 12.85 EPS for the current fiscal year.

General Motors Announces Dividend

The firm 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 dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. General Motors’s dividend payout ratio (DPR) is currently 29.03%.

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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