General Motors Company $GM Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. increased its stake in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 6.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 192,951 shares of the auto manufacturer’s stock after buying an additional 11,370 shares during the period. QRG Capital Management Inc.’s holdings in General Motors were worth $14,375,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Tsfg LLC increased its position in shares of General Motors by 5.7% in the 4th quarter. Tsfg LLC now owns 2,241 shares of the auto manufacturer’s stock worth $182,000 after purchasing an additional 120 shares during the last quarter. Bogart Wealth LLC lifted its position in shares of General Motors by 15.6% during the fourth quarter. Bogart Wealth LLC now owns 905 shares of the auto manufacturer’s stock worth $74,000 after purchasing an additional 122 shares during the last quarter. Sumitomo Life Insurance Co. grew its stake in General Motors by 0.7% in the fourth quarter. Sumitomo Life Insurance Co. now owns 19,477 shares of the auto manufacturer’s stock worth $1,584,000 after purchasing an additional 127 shares in the last quarter. PDS Planning Inc lifted its holdings in General Motors by 3.4% during the 4th quarter. PDS Planning Inc now owns 3,996 shares of the auto manufacturer’s stock worth $325,000 after buying an additional 131 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in General Motors by 2.0% in the fourth quarter. UMB Bank n.a. now owns 6,887 shares of the auto manufacturer’s stock worth $560,000 after purchasing an additional 136 shares during the period. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors News Summary

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

General Motors Stock Up 0.1%

GM opened at $76.06 on Friday. The stock’s 50 day moving average price is $79.02 and its 200 day moving average price is $79.28. 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 stock has a market cap of $68.58 billion, a P/E ratio of 30.67, a P/E/G ratio of 0.38 and a beta of 1.31. General Motors Company has a 12 month low of $48.87 and a 12 month high of $87.62.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last announced 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. The company had revenue of $43.62 billion during the quarter, compared to analyst estimates of $43.51 billion. General Motors had a return on equity of 16.68% and a net margin of 1.38%.The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.78 EPS. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, research analysts predict that General Motors Company will post 12.85 earnings per share for the current year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, June 5th. General Motors’s dividend payout ratio is currently 29.03%.

Analyst Upgrades and Downgrades

GM has been the topic of a number of recent research reports. Wolfe Research raised shares of General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 target price on the stock in a report on Wednesday, March 25th. Citigroup increased their price target on General Motors from $108.00 to $131.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Wells Fargo & Company raised their price target on General Motors from $59.00 to $60.00 and gave the stock an “underweight” rating in a report on Thursday, June 25th. Wedbush restated an “outperform” rating and set a $95.00 price objective on shares of General Motors in a research report on Monday, May 11th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $95.00 price objective on shares of General Motors in a research note on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, General Motors presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.70.

Read Our Latest Analysis on General Motors

Insider Activity at General Motors

In other news, EVP Rory Harvey sold 79,494 shares of the company’s stock in a transaction that occurred on 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 approximately $3,862,007.38. This represents a 63.08% decrease in their position. The sale 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 that occurred on Thursday, May 28th. The shares were sold at an average price of $85.00, for a total transaction of $586,075.00. Following the completion of the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 697,388 shares of company stock worth $57,752,596 in the last 90 days. Corporate insiders own 0.54% of the company’s stock.

About General Motors

(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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