General Motors Company $GM Shares Sold by Aristotle Atlantic Partners LLC

Aristotle Atlantic Partners LLC lowered its stake in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 3.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 316,490 shares of the auto manufacturer’s stock after selling 10,539 shares during the quarter. General Motors makes up approximately 1.2% of Aristotle Atlantic Partners LLC’s holdings, making the stock its 28th largest position. Aristotle Atlantic Partners LLC’s holdings in General Motors were worth $25,737,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new position in General Motors during the 4th quarter valued at approximately $25,000. Elevation Wealth Partners LLC boosted its position in General Motors by 500.0% during the 4th 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 period. SouthState Bank Corp boosted its position in General Motors by 101.7% during the 4th quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock valued at $29,000 after purchasing an additional 177 shares during the period. Kelleher Financial Advisors bought a new stake in shares of General Motors during the third quarter valued at approximately $29,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of General Motors during the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors News Roundup

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

Insider Buying and Selling at General Motors

In related news, 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 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 79,494 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president directly owned 46,519 shares of the company’s stock, valued at $3,862,007.38. This represents a 63.08% 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. In the last 90 days, insiders have sold 598,149 shares of company stock valued at $49,307,358. Company insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on GM shares. Piper Sandler reaffirmed an “overweight” rating and set a $102.00 price target on shares of General Motors in a report on Wednesday, April 29th. Wedbush reaffirmed an “outperform” rating and set a $95.00 price target on shares of General Motors in a report on Monday, May 11th. Bank of America started coverage on General Motors in a report on Wednesday, March 4th. They set a “buy” rating and a $105.00 price target on the stock. Barclays cut their price target on General Motors from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Monday, March 30th. Finally, TD Cowen lifted their price target on General Motors from $122.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, General Motors has a consensus rating of “Moderate Buy” and an average target price of $95.65.

Check Out Our Latest Analysis on General Motors

General Motors Stock Down 3.7%

General Motors stock opened at $79.50 on Thursday. The stock has a market cap of $71.68 billion, a price-to-earnings ratio of 32.06, a PEG 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. The company’s 50-day moving average price is $78.98 and its two-hundred day moving average price is $79.17. General Motors Company has a 52 week low of $47.63 and a 52 week high of $87.62.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last released its earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 EPS for the quarter, beating the consensus estimate of $2.61 by $1.09. The firm had revenue of $43.62 billion for the quarter, compared to analysts’ expectations of $43.51 billion. General Motors had a net margin of 1.38% and a return on equity of 16.68%. General Motors’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the company earned $2.78 EPS. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. On average, analysts expect that General Motors Company will post 12.85 EPS for the current fiscal year.

General Motors Announces Dividend

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

General Motors Company 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.

Further Reading

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

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