Y Intercept Hong Kong Ltd Acquires Shares of 134,092 General Motors Company $GM

Y Intercept Hong Kong Ltd acquired a new position in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 134,092 shares of the auto manufacturer’s stock, valued at approximately $9,990,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Laurel Wealth Advisors LLC purchased a new position in shares of General Motors in the 4th quarter valued at approximately $25,000. Elevation Wealth Partners LLC grew its stake in General Motors by 500.0% in the fourth quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 275 shares during the period. SouthState Bank Corp raised its holdings in General Motors by 101.7% in the fourth quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock worth $29,000 after purchasing an additional 177 shares in the last quarter. Kelleher Financial Advisors bought a new position in General Motors in the third quarter worth $29,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of General Motors in the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Stock Up 0.7%

NYSE:GM opened at $76.06 on Friday. The firm 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. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.99 and a current ratio of 1.15. General Motors Company has a fifty-two week low of $48.87 and a fifty-two week high of $87.62. The firm has a 50-day simple moving average of $79.08 and a two-hundred day simple moving average of $79.30.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last issued 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. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The firm 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 firm posted $2.78 earnings per share. The business’s revenue was down .9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. Analysts predict that General Motors Company will post 12.85 earnings per share for the current fiscal year.

General Motors Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on GM shares. Weiss Ratings restated a “hold (c)” rating on shares of General Motors in a report on Tuesday, April 21st. Wells Fargo & Company lifted their target price on shares of General Motors from $59.00 to $60.00 and gave the company an “underweight” rating in a report on Thursday, June 25th. Royal Bank Of Canada reissued an “outperform” rating and issued a $95.00 price target on shares of General Motors in a research report on Friday, June 12th. UBS Group restated a “buy” rating on shares of General Motors in a research note on Wednesday, June 10th. Finally, Barclays reduced their price objective on 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 equities research 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.70.

Read Our Latest Report on General Motors

More General Motors News

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Insider Activity at General Motors

In other General Motors news, CEO Mary T. Barra sold 215,391 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $80.01, for a total transaction of $17,233,433.91. Following the sale, the chief executive officer directly owned 770,491 shares in the company, valued at approximately $61,646,984.91. This trade represents a 21.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 79,494 shares of General Motors stock in a transaction on Wednesday, May 27th. The stock was 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. The trade was a 63.08% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 Profile

(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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