Hsbc Holdings PLC Decreases Stock Position in General Motors Company $GM

Hsbc Holdings PLC decreased its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 11.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,599,205 shares of the auto manufacturer’s stock after selling 474,529 shares during the period. Hsbc Holdings PLC’s holdings in General Motors were worth $292,721,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of GM. Caitong International Asset Management Co. Ltd bought a new position in General Motors in the 4th quarter worth approximately $384,000. Reflection Asset Management bought a new stake in shares of General Motors during the fourth quarter valued at about $76,000. Sankala Group LLC purchased a new stake in shares of General Motors in the fourth quarter worth about $37,000. Tobam boosted its position in shares of General Motors by 81.5% in the fourth quarter. Tobam now owns 59,711 shares of the auto manufacturer’s stock valued at $4,856,000 after acquiring an additional 26,811 shares during the period. Finally, MidFirst Bank bought a new position in shares of General Motors in the fourth quarter valued at approximately $82,000. Institutional investors own 92.67% of the company’s stock.

Wall Street Analyst Weigh In

GM has been the topic of a number of analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $102.00 target price on shares of General Motors in a report on Wednesday, April 29th. UBS Group restated a “buy” rating on shares of General Motors in a research report on Wednesday, June 10th. Wolfe Research raised shares of General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 price target on the stock in a report on Wednesday, March 25th. Barclays lowered their price objective on General Motors from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Monday, March 30th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $95.00 price objective on shares of General Motors in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $95.65.

Key General Motors News

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

• Positive Sentiment: GM Defense announced a collaboration with Lockheed Martin to support U.S. defense manufacturing, a potentially strategic business win that could diversify GM’s industrial footprint and improve investor sentiment. GM Defense, Lockheed Martin to collaborate on US defense manufacturing
• Positive Sentiment: GM also highlighted a software update enabling certain U.S. EV owners to send power back to the electric grid, expanding its vehicle-to-home energy capabilities and reinforcing its EV technology narrative. General Motors (GM) Shares Key Software Update to Enable Power Transmition
• Neutral Sentiment: Recent coverage noted GM’s CEO Mary Barra sold 99,239 shares under a pre-arranged 10b5-1 plan; this is routine insider activity, but it can still create mild investor caution. General Motors (NYSE:GM) CEO Mary Barra Sells 99,239 Shares of Stock
• Neutral Sentiment: There was also attention on GM’s pickup demand shifting faster than expected and a possible Silverado 1500 production change at Oshawa, which suggests product-mix and manufacturing adjustments rather than a clear near-term earnings impact. GM Says Buyers Are Moving Away From Pickups Faster Than Expected GM Reportedly Ending Chevy Silverado 1500 Production At Oshawa Plant
• Negative Sentiment: A GMC dealer lawsuit alleging allocation practices are hurting its business could raise relationship and reputational concerns if it escalates. GMC Dealer Sues GM, Claims Vehicle Allocation Strategy Is Driving It Out Of Business
• Negative Sentiment: Another lawsuit seeking $15 million against GMC adds to legal overhang and may contribute to downside sentiment for GM shares. GMC sued for $15 million by longtime ally as allegations get raised
• Negative Sentiment: Coverage of factory tension at GM’s Factory Zero, including cobot deployment alongside layoffs, may reinforce investor worries about labor friction and restructuring costs. GM, UAW face sudden high-stakes factory rift

Insider Buying and Selling at General Motors

In related news, CEO Mary T. Barra sold 99,239 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $85.10, for a total transaction of $8,445,238.90. Following the transaction, the chief executive officer directly owned 592,242 shares of the company’s stock, valued at approximately $50,399,794.20. This trade represents a 14.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 9,124 shares of the company’s stock in a transaction that occurred 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 completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 697,388 shares of company stock worth $57,752,596 over the last 90 days. Corporate insiders own 0.54% of the company’s stock.

General Motors Trading Up 0.2%

Shares of GM opened at $79.45 on Friday. The firm’s 50 day simple moving average is $79.17 and its 200 day simple moving average is $79.21. The company has a market capitalization of $71.64 billion, a P/E ratio of 32.04, a P/E/G ratio of 0.40 and a beta of 1.30. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.15 and a quick ratio of 0.99. General Motors Company has a 1-year low of $47.63 and a 1-year high of $87.62.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.61 by $1.09. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The business had revenue of $43.62 billion during the quarter, compared to analyst estimates of $43.51 billion. During the same period in the previous year, the business posted $2.78 earnings per share. General Motors’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. Sell-side 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 was paid on Thursday, June 18th. Investors of record on Friday, June 5th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, June 5th. General Motors’s dividend payout ratio is currently 29.03%.

General Motors Company Profile

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.