Natixis Advisors LLC Buys 58,516 Shares of General Motors Company $GM

Natixis Advisors LLC increased its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 6.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 976,099 shares of the auto manufacturer’s stock after purchasing an additional 58,516 shares during the period. Natixis Advisors LLC’s holdings in General Motors were worth $79,377,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new position in General Motors during the fourth quarter valued at $25,000. Elevation Wealth Partners LLC lifted its position in General Motors by 500.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 275 shares during the last quarter. Founders Capital Management bought a new position in General Motors during the fourth quarter valued at $31,000. Basepoint Wealth LLC bought a new position in General Motors during the fourth quarter valued at $33,000. Finally, Ares Financial Consulting LLC bought a new position in General Motors during the fourth quarter valued at $35,000. Institutional investors own 92.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. TD Cowen increased their price objective on shares of General Motors from $122.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Bank of America assumed coverage on shares of General Motors in a research report on Wednesday, March 4th. They set a “buy” rating and a $105.00 price objective for the company. Citigroup increased their price objective on shares of General Motors from $108.00 to $131.00 and gave the company a “buy” rating in a research report on Monday. Piper Sandler reiterated an “overweight” rating and set a $102.00 price objective on shares of General Motors in a research report on Wednesday, April 29th. Finally, Wells Fargo & Company increased their price objective on shares of General Motors from $57.00 to $59.00 and gave the company an “underweight” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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 dated Thursday, May 28th. The shares were sold at an average price of $84.97, for a total value of $775,266.28. Following the completion of the sale, the executive vice president owned 37,395 shares in the company, valued at approximately $3,177,453.15. This trade represents a 19.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 completion of 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 577,567 shares of company stock worth $47,557,888. 0.54% of the stock is currently owned by insiders.

Trending Headlines about General Motors

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

• Negative Sentiment: A strike at a key GM supplier is threatening truck production, raising the risk of lost output for some of GM’s most profitable models. UAW calls for a midnight strike at GM pickup truck axle supplier
• Negative Sentiment: Reuters and CNBC reported that nearly 1,000 workers have gone on strike at the supplier plant, reinforcing worries about supply-chain disruption for GM trucks. UAW union strike threatens General Motors truck production
• Negative Sentiment: GM also disclosed insider selling by CEO Mary T. Barra, CAO Christopher Hatto, and EVP Rory Harvey, which can add to investor caution even though the trades were pre-arranged under 10b5-1 plans. Mary T. Barra insider trade

General Motors Price Performance

General Motors stock opened at $81.87 on Wednesday. The firm has a 50-day moving average price of $77.11 and a 200-day moving average price of $78.20. The firm has a market capitalization of $73.82 billion, a PE ratio of 33.01, a price-to-earnings-growth ratio of 0.42 and a beta of 1.30. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.41. General Motors Company has a 12-month low of $46.81 and a 12-month high of $87.62.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $1.09. The firm had revenue of $43.62 billion during 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%. The business’s revenue was down .9% on a year-over-year basis. During the same quarter last year, the business earned $2.78 EPS. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, equities research analysts forecast that General Motors Company will post 12.85 EPS for the current year.

General Motors Announces Dividend

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 is Friday, June 5th. General Motors’s dividend payout ratio (DPR) is 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.