Leonteq Securities AG Sells 16,656 Shares of General Motors Company $GM

Leonteq Securities AG cut its holdings in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 7.6% during the first quarter, Holdings Channel reports. The fund owned 201,652 shares of the auto manufacturer’s stock after selling 16,656 shares during the quarter. General Motors comprises about 0.6% of Leonteq Securities AG’s holdings, making the stock its 23rd biggest holding. Leonteq Securities AG’s holdings in General Motors were worth $15,023,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Cibc World Market Inc. raised its holdings in General Motors by 57.2% in the 4th quarter. Cibc World Market Inc. now owns 200,662 shares of the auto manufacturer’s stock valued at $16,318,000 after acquiring an additional 72,984 shares during the period. M&T Bank Corp boosted its holdings in shares of General Motors by 82.0% during the fourth quarter. M&T Bank Corp now owns 72,062 shares of the auto manufacturer’s stock worth $5,860,000 after acquiring an additional 32,474 shares during the period. Legacy Capital Group California Inc. grew its position in shares of General Motors by 206.4% in the fourth quarter. Legacy Capital Group California Inc. now owns 21,004 shares of the auto manufacturer’s stock valued at $1,708,000 after purchasing an additional 14,150 shares during the last quarter. Perbak Capital Partners LLP grew its position in shares of General Motors by 94.1% in the third quarter. Perbak Capital Partners LLP now owns 47,086 shares of the auto manufacturer’s stock valued at $2,871,000 after purchasing an additional 22,829 shares during the last quarter. Finally, Fieldview Capital Management LLC increased its stake in shares of General Motors by 99.0% during the third quarter. Fieldview Capital Management LLC now owns 28,237 shares of the auto manufacturer’s stock worth $1,722,000 after purchasing an additional 14,048 shares during the period. Institutional investors own 92.67% of the company’s stock.

More General Motors News

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Insider Transactions at General Motors

In related news, CAO Christopher Hatto sold 6,895 shares of the company’s stock in a transaction dated 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 sale, the chief accounting officer owned 25,794 shares of the company’s stock, valued at $2,192,490. This represents a 21.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 99,239 shares of the 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 sale, the chief executive officer owned 592,242 shares in the company, valued at $50,399,794.20. The trade was a 14.35% decrease in their ownership of the stock. 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. In the last three months, insiders have sold 697,388 shares of company stock valued at $57,752,596. 0.54% of the stock is owned by corporate insiders.

General Motors Stock Up 0.7%

NYSE GM opened at $76.06 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.41. The company has a market cap of $68.58 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 0.38 and a beta of 1.31. The company has a 50 day moving average of $79.08 and a 200-day moving average of $79.30. General Motors Company has a 1-year low of $48.87 and a 1-year high of $87.62.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.61 by $1.09. General Motors had a return on equity of 16.68% and a net margin of 1.38%.The business had revenue of $43.62 billion for the quarter, compared to the consensus estimate of $43.51 billion. During the same quarter in the prior year, the business posted $2.78 earnings per share. The firm’s quarterly revenue was down .9% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. On average, equities research analysts expect that General Motors Company will post 12.85 earnings per share for the current fiscal year.

General Motors Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on GM shares. Mizuho dropped their price target on General Motors from $105.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Citigroup upped their price objective on General Motors from $108.00 to $131.00 and gave the company a “buy” rating in a report on Monday, June 1st. Wedbush reiterated an “outperform” rating and set a $95.00 price objective on shares of General Motors in a research report on Monday, May 11th. Piper Sandler reissued an “overweight” rating and set a $102.00 target price on shares of General Motors in a report on Wednesday, April 29th. Finally, Barclays reduced their target price on shares of General Motors from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Monday, March 30th. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $95.70.

View Our Latest Research Report on GM

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.

Further Reading

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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