General Motors Company $GM Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC decreased its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 2.6% during the first quarter, Holdings Channel reports. The firm owned 346,850 shares of the auto manufacturer’s stock after selling 9,078 shares during the quarter. Janus Henderson Group PLC’s holdings in General Motors were worth $25,842,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Laurel Wealth Advisors LLC purchased a new stake in shares of General Motors in the 4th quarter valued at $25,000. Evergreen Advisors LLC acquired a new position in General Motors in the 1st quarter valued at about $26,000. SouthState Bank Corp increased its stake in General Motors by 101.7% during 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 during the period. Kelleher Financial Advisors purchased a new position in shares of General Motors in the third quarter valued at approximately $29,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of General Motors in the fourth quarter valued at approximately $30,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GM shares. Wedbush reiterated an “outperform” rating and set a $95.00 target price on shares of General Motors in a report on Monday, May 11th. Morgan Stanley increased their price objective on General Motors from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of General Motors in a report on Friday, July 17th. Tigress Financial boosted their target price on General Motors from $92.00 to $130.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 28th. Finally, UBS Group restated a “buy” rating on shares of General Motors in a report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.41.

Insider Activity at General Motors

In other news, CEO Mary T. Barra sold 318,448 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $90.38, for a total transaction of $28,781,330.24. Following the completion of the sale, the chief executive officer owned 428,994 shares in the company, valued at approximately $38,772,477.72. The trade was a 42.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Grant Michael Dixton sold 40,000 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $88.44, for a total transaction of $3,537,600.00. Following the completion of the transaction, the executive vice president owned 54,992 shares of the company’s stock, valued at approximately $4,863,492.48. The trade was a 42.11% 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. Insiders have sold 1,247,053 shares of company stock valued at $106,763,425 in the last quarter. Company insiders own 0.44% of the company’s stock.

General Motors Trading Down 1.3%

NYSE:GM opened at $87.68 on Tuesday. General Motors Company has a 1 year low of $52.09 and a 1 year high of $91.85. The stock has a market cap of $76.94 billion, a P/E ratio of 44.28, a P/E/G ratio of 0.41 and a beta of 1.30. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.97 and a current ratio of 1.14. The stock has a 50-day simple moving average of $80.74 and a 200-day simple moving average of $79.06.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.38. The business had revenue of $48.03 billion for the quarter, compared to analyst estimates of $47.01 billion. General Motors had a return on equity of 18.18% and a net margin of 1.05%.The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company earned $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. As a group, analysts anticipate that General Motors Company will post 13.27 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. General Motors’s dividend payout ratio (DPR) is presently 36.36%.

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.