Ethic Inc. Sells 23,192 Shares of General Motors Company $GM

Key Points

• Ethic Inc. cut its General Motors stake by 22% in the third quarter, selling 23,192 shares and retaining 82,189 shares valued at about $6.33 million.
• GM reported quarterly adjusted earnings of $3.70 per share, slightly above estimates, while revenue of $50.02 billion also topped forecasts and rose 2.9% year over year.
• GM authorized a $20 billion share-repurchase program. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $101.44.

Ethic Inc. lessened its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 22.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,189 shares of the auto manufacturer's stock after selling 23,192 shares during the quarter. Ethic Inc.'s holdings in General Motors were worth $6,329,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Guidance Capital Inc. boosted its holdings in General Motors by 1.8% in the third quarter. Guidance Capital Inc. now owns 21,579 shares of the auto manufacturer's stock valued at $1,662,000 after purchasing an additional 379 shares during the last quarter. Plancorp LLC acquired a new stake in General Motors during the 3rd quarter worth about $188,000. May Hill Capital LLC grew its position in General Motors by 3.4% during the 3rd quarter. May Hill Capital LLC now owns 10,943 shares of the auto manufacturer's stock worth $843,000 after purchasing an additional 355 shares during the period. Alps Advisors Inc. raised its stake in shares of General Motors by 1.9% during the 3rd quarter. Alps Advisors Inc. now owns 9,923 shares of the auto manufacturer's stock valued at $764,000 after buying an additional 185 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its stake in shares of General Motors by 8.1% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 6,510 shares of the auto manufacturer's stock valued at $501,000 after buying an additional 486 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

Insider Activity at General Motors

In related news, EVP Rory Harvey sold 16,513 shares of the business's stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $89.64, for a total transaction of $1,480,225.32. Following the completion of the sale, the executive vice president directly owned 12,000 shares in the company, valued at approximately $1,075,680. The trade was a 57.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.44% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on GM. Yorkville Ives began coverage on General Motors in a report on Monday, October 5th. They set an "outperform" rating and a $100.00 target price on the stock. Weiss Ratings raised General Motors from a "hold (c)" rating to a "buy (b-)" rating in a report on Friday, October 30th. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on General Motors in a research report on Wednesday, October 21st. Jefferies Financial Group raised shares of General Motors from a "hold" rating to a "buy" rating and raised their price objective for the stock from $90.00 to $99.00 in a research note on Monday, July 27th. Finally, Tigress Financial raised their price objective on shares of General Motors from $130.00 to $132.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $101.44.

General Motors News Roundup

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

• Positive Sentiment: GM’s next-generation 2027 Silverado and Sierra pickups are expected to offer upgraded engines and higher-end trims, potentially supporting a more profitable product mix. Article: Can GM's Next-Generation Pickups Support Growth in 2027?
• Positive Sentiment: Rising OnStar subscriptions and Super Cruise adoption could expand recurring software revenue. GM also announced a new in-car AI assistant, adding to its technology offerings, though the revenue impact is not yet clear. Article: Can OnStar and Super Cruise Drive GM's Digital Revenue Growth? Article: GM just announced a new in-car AI assistant
• Positive Sentiment: A report highlighting GM’s $20 billion stock-buyback plan points to a potential boost to per-share value as the company reduces its share count. Article: Ford Yields Nearly 5%. GM Is Buying Back $20 Billion in Stock.
• Neutral Sentiment: GM Insurance plans to enter Maryland’s auto market, expanding its insurance business; the article does not specify the expected financial contribution. Article: GM Insurance to Enter Maryland Auto Market
• Negative Sentiment: GM is recalling 67,380 EVs after software briefly interrupted low-speed braking, raising safety concerns and potentially adding repair and warranty costs. A separate report also notes a recall affecting more than 87,000 vehicles. Article: GM Recalls Over 67,000 EVs For Brake Glitch Article: GM recalls more than 87,000 vehicles
• Negative Sentiment: A $220 million OnStar settlement tied to allegations that drivers were misled about the collection and sharing of their data creates a financial cost and continued privacy-related reputational risk. Article: General Motors Could Be 17% Undervalued After $220 Million OnStar Settlement

General Motors Trading Up 4.0%

Shares of General Motors stock opened at $89.60 on Tuesday. The firm has a market capitalization of $75.58 billion, a PE ratio of 20.55, a P/E/G ratio of 0.52 and a beta of 1.40. General Motors Company has a twelve month low of $67.06 and a twelve month high of $93.70. The firm's 50-day moving average price is $83.41 and its 200 day moving average price is $80.88. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 1.32.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings data on Tuesday, October 20th. The auto manufacturer reported $3.70 EPS for the quarter, topping the consensus estimate of $3.69 by $0.01. General Motors had a return on equity of 19.36% and a net margin of 2.12%. The company had revenue of $50.02 billion during the quarter, compared to analyst estimates of $48.78 billion. During the same period in the previous year, the business earned $2.80 EPS. General Motors's quarterly revenue was up 2.9% on a year-over-year basis. On average, sell-side analysts predict that General Motors Company will post 13.37 EPS for the current fiscal year.

General Motors announced that its board has initiated a share buyback program on Tuesday, October 20th that allows the company to repurchase $20 billion in outstanding shares. This buyback authorization allows the auto manufacturer to repurchase up to 27.5% of its shares through open market purchases. Share buyback programs are typically a sign that the company's management believes its shares are undervalued.

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Friday, December 4th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, December 4th. General Motors's payout ratio is presently 16.51%.

About General Motors

General Motors Company designs, manufactures and sells cars, trucks, crossovers and sport utility vehicles. Its vehicle brands include Chevrolet, Buick, GMC and Cadillac, and its offerings also include vehicle parts, software and related services. GM Financial provides automotive financing and leasing products to customers and dealers.

Founded in 1908, General Motors is headquartered in Detroit, Michigan. The company serves customers in North America and international markets, with operations and sales spanning multiple regions.

Mary Barra has served as GM's chief executive officer since 2014.

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