J. Safra Sarasin Holding AG Acquires 7,158 Shares of General Motors Company $GM

J. Safra Sarasin Holding AG increased its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 32.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,889 shares of the auto manufacturer’s stock after buying an additional 7,158 shares during the period. J. Safra Sarasin Holding AG’s holdings in General Motors were worth $2,151,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Tsfg LLC lifted its holdings in shares of General Motors by 5.7% during the fourth 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 period. Bogart Wealth LLC increased its holdings in General Motors by 15.6% in the fourth quarter. Bogart Wealth LLC now owns 905 shares of the auto manufacturer’s stock valued at $74,000 after purchasing an additional 122 shares during the period. Sumitomo Life Insurance Co. raised its position in General Motors by 0.7% during the 4th 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 during the last quarter. PDS Planning Inc raised its position 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 purchasing an additional 131 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in General Motors by 2.0% during the 4th quarter. UMB Bank n.a. now owns 6,887 shares of the auto manufacturer’s stock worth $560,000 after buying an additional 136 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Rory Harvey sold 9,124 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $84.97, for a total transaction of $775,266.28. Following the transaction, the executive vice president owned 37,395 shares in the company, valued at $3,177,453.15. The trade was a 19.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Hatto sold 6,895 shares of the firm’s stock in a transaction on 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 sale, the chief accounting officer owned 25,794 shares of the company’s stock, valued at $2,192,490. The trade was 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 quarter. 0.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

GM has been the subject of several recent research reports. Citigroup increased their price target on General Motors from $108.00 to $131.00 and gave the company a “buy” rating in a research note on Monday, June 1st. The Goldman Sachs Group reduced their target price on General Motors from $104.00 to $91.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Royal Bank Of Canada decreased their target price on shares of General Motors from $95.00 to $94.00 and set an “outperform” rating for the company in a research report on Monday. Wall Street Zen upgraded shares of General Motors from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Mizuho dropped their price target on shares of General Motors from $105.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. One investment 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $97.27.

General Motors Stock Down 1.4%

Shares of General Motors stock opened at $76.77 on Tuesday. General Motors Company has a one year low of $48.87 and a one year high of $87.62. 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’s 50-day moving average is $78.91 and its 200 day moving average is $79.05. The firm has a market cap of $69.22 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 0.39 and a beta of 1.31.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share 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 during the quarter, compared to the consensus estimate of $43.51 billion. During the same period in the previous year, the company posted $2.78 earnings per share. The firm’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. Equities research analysts anticipate that General Motors Company will post 12.85 EPS for the current year.

General Motors Dividend Announcement

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

General Motors 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.