Panagora Asset Management Inc. Acquires 304,557 Shares of General Motors Company $GM

Panagora Asset Management Inc. boosted its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 31.1% during the 4th quarter, Holdings Channel reports. The fund owned 1,283,945 shares of the auto manufacturer’s stock after buying an additional 304,557 shares during the period. Panagora Asset Management Inc.’s holdings in General Motors were worth $104,410,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GM. Brighton Jones LLC grew its holdings in General Motors by 456.1% during the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock worth $2,062,000 after acquiring an additional 31,755 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in General Motors by 61.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 18,548 shares of the auto manufacturer’s stock worth $913,000 after acquiring an additional 7,058 shares in the last quarter. Baird Financial Group Inc. grew its holdings in General Motors by 4.8% during the 2nd quarter. Baird Financial Group Inc. now owns 37,524 shares of the auto manufacturer’s stock worth $1,847,000 after acquiring an additional 1,706 shares in the last quarter. Jump Financial LLC boosted its holdings in shares of General Motors by 45.7% in the 2nd quarter. Jump Financial LLC now owns 25,366 shares of the auto manufacturer’s stock valued at $1,248,000 after buying an additional 7,951 shares in the last quarter. Finally, AXA S.A. boosted its holdings in shares of General Motors by 69.4% in the 2nd quarter. AXA S.A. now owns 66,547 shares of the auto manufacturer’s stock valued at $3,275,000 after buying an additional 27,270 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GM has been the topic of a number of recent analyst reports. Piper Sandler restated an “overweight” rating and issued a $102.00 price target on shares of General Motors in a report on Wednesday, April 29th. Weiss Ratings restated a “hold (c)” rating on shares of General Motors in a report on Tuesday, April 21st. The Goldman Sachs Group lowered their price target on shares of General Motors from $104.00 to $91.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a “hold” rating to a “buy” rating and raised their price target for the company from $83.00 to $90.00 in a report on Tuesday, April 14th. Finally, Wells Fargo & Company raised their price target on shares of General Motors from $57.00 to $59.00 and gave the company an “underweight” 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 assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.65.

Insider Transactions at General Motors

In other news, EVP Rory Harvey sold 9,124 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $84.97, for a total transaction of $775,266.28. Following the sale, the executive vice president owned 37,395 shares of the company’s stock, valued at $3,177,453.15. This trade represents a 19.61% decrease in their position. 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 20,582 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $85.00, for a total transaction of $1,749,470.00. Following the sale, the chief executive officer directly owned 592,242 shares in the company, valued at $50,340,570. The trade was a 3.36% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 598,149 shares of company stock valued at $49,307,358 in the last 90 days. 0.54% of the stock is currently owned by company insiders.

Key Headlines Impacting General Motors

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

• Positive Sentiment: GM’s Redwood Materials partnership and broader battery-lifecycle strategy may create new revenue opportunities and strengthen its EV ecosystem.
• Positive Sentiment: Analysts highlighted GM’s energy-storage business as overlooked, and recent earnings estimate increases suggest improving profit expectations.
• Neutral Sentiment: CEO Mary Barra sold shares under a pre-arranged trading plan, which is routine but can still make some investors cautious. SEC filing
• Negative Sentiment: GM continues to face negative headlines around dealer disputes, political scrutiny over repair-rights issues, and criticism of its truck lineup, which could weigh on sentiment.

General Motors Stock Performance

Shares of General Motors stock opened at $81.44 on Monday. General Motors Company has a 52 week low of $47.63 and a 52 week 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. The firm has a market capitalization of $73.43 billion, a P/E ratio of 32.84, a PEG ratio of 0.41 and a beta of 1.30. The company has a 50 day moving average price of $78.43 and a 200 day moving average price of $78.98.

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

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders 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 presently 29.03%.

About General Motors

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.