Engineers Gate Manager LP Boosts Stock Holdings in General Motors Company $GM

Engineers Gate Manager LP boosted its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 18.6% during the second quarter, Holdings Channel reports. The institutional investor owned 1,290,019 shares of the auto manufacturer’s stock after purchasing an additional 202,057 shares during the quarter. General Motors comprises approximately 1.3% of Engineers Gate Manager LP’s portfolio, making the stock its 4th largest holding. Engineers Gate Manager LP’s holdings in General Motors were worth $99,435,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Tsfg LLC lifted its position in shares of General Motors by 5.7% in 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 in the last quarter. Sumitomo Life Insurance Co. grew its position in General Motors by 0.7% in the fourth quarter. Sumitomo Life Insurance Co. now owns 19,477 shares of the auto manufacturer’s stock valued at $1,584,000 after purchasing an additional 127 shares in the last quarter. UMB Bank n.a. increased its stake in General Motors by 2.0% in the 4th quarter. UMB Bank n.a. now owns 6,887 shares of the auto manufacturer’s stock valued at $560,000 after buying an additional 136 shares during the last quarter. Waddell & Associates LLC lifted its position in General Motors by 1.3% during the 4th quarter. Waddell & Associates LLC now owns 10,737 shares of the auto manufacturer’s stock worth $873,000 after buying an additional 137 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of General Motors by 0.9% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 15,043 shares of the auto manufacturer’s stock valued at $1,223,000 after acquiring an additional 138 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on GM shares. Royal Bank Of Canada upped their target price on General Motors from $94.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. The Goldman Sachs Group boosted their price target on General Motors from $91.00 to $103.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Benchmark reiterated a “buy” rating on shares of General Motors in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $100.00 price objective on shares of General Motors in a report on Wednesday, July 22nd. Finally, Morgan Stanley boosted their target price on shares of General Motors from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $101.41.

General Motors Stock Performance

Shares of NYSE GM opened at $85.90 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $75.37 billion, a P/E ratio of 43.38, a P/E/G ratio of 0.50 and a beta of 1.32. General Motors Company has a 12 month low of $54.33 and a 12 month high of $91.85. The stock has a 50 day moving average of $83.64 and a 200-day moving average of $79.90.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.19 by $0.38. General Motors had a return on equity of 18.18% and a net margin of 1.05%.The business had revenue of $48.03 billion during the quarter, compared to the consensus estimate of $47.01 billion. During the same quarter last year, the firm posted $2.53 EPS. The company’s quarterly revenue was up 1.9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. As a group, equities research analysts predict that General Motors Company will post 13.29 EPS for the current year.

General Motors Dividend Announcement

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

Insider Activity at General Motors

In related news, CAO Christopher Hatto sold 6,895 shares of General Motors stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $90.00, for a total transaction of $620,550.00. Following the completion of the sale, the chief accounting officer owned 18,899 shares of the company’s stock, valued at approximately $1,700,910. The trade was a 26.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Mark Reuss sold 71,079 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $89.97, for a total transaction of $6,394,977.63. Following the completion of the transaction, the president owned 92,293 shares in the company, valued at approximately $8,303,601.21. This trade represents a 43.51% 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 a total of 648,904 shares of company stock worth $57,456,067 in the last quarter. 0.44% of the stock is owned by corporate insiders.

General Motors Company Profile

General Motors Company (NYSE: GM) is a global automotive company headquartered in Detroit, Michigan. Founded in 1908, GM designs, manufactures and sells cars, trucks and sport utility vehicles through its Chevrolet, Buick, GMC and Cadillac brands.

GM’s product portfolio includes gasoline-powered and electric vehicles, full-size pickup trucks, commercial vehicles and luxury automobiles. The company is developing battery-electric and other advanced vehicle technologies, while also offering connected-vehicle services through its OnStar platform.