General Motors Company $GM Shares Acquired by Artemis Investment Management LLP

Key Points

• Artemis Investment Management increased its GM stake by 20.5% in the third quarter, adding 363,125 shares to own 2.14 million shares worth approximately $164.7 million. Institutional investors collectively hold 92.67% of GM’s outstanding stock.
• Analysts maintain a generally positive view, with GM receiving a “Moderate Buy” consensus rating and an average price target of $102.26; recent targets range from $100 to $112.
• GM’s latest quarterly results exceeded expectations, with EPS of $3.57 versus the $3.19 consensus and revenue of $48.03 billion. However, insiders sold roughly 549,665 shares worth $49.0 million over the past 90 days.

Artemis Investment Management LLP grew its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 20.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,138,403 shares of the auto manufacturer's stock after purchasing an additional 363,125 shares during the quarter. General Motors makes up 1.3% of Artemis Investment Management LLP's holdings, making the stock its 18th biggest holding. Artemis Investment Management LLP owned approximately 0.24% of General Motors worth $164,657,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Evergreen Advisors LLC acquired a new position in General Motors during the 1st quarter worth about $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of General Motors in the second quarter valued at about $31,000. Premier Financial Group bought a new position in shares of General Motors during the second quarter worth about $31,000. Burk Holdings LLC acquired a new position in shares of General Motors in the second quarter worth approximately $31,000. Finally, Elevation Wealth Partners LLC boosted its holdings in General Motors by 70.6% in the second quarter. Elevation Wealth Partners LLC now owns 464 shares of the auto manufacturer's stock valued at $36,000 after acquiring an additional 192 shares during the last quarter. Institutional investors own 92.67% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on GM shares. UBS Group decreased their target price on shares of General Motors from $114.00 to $112.00 and set a "buy" rating for the company in a research report on Wednesday. Weiss Ratings reiterated a "hold (c)" rating on shares of General Motors in a research report on Friday, July 17th. Truist Financial set a $105.00 target price on shares of General Motors in a research note on Wednesday. Royal Bank Of Canada boosted their target price on shares of General Motors from $94.00 to $100.00 and gave the company an "outperform" rating in a report on Wednesday, July 22nd. Finally, Barclays increased their price target on General Motors from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $102.26.

Insider Transactions at General Motors

In other news, President Mark Reuss sold 71,079 shares of the business's stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $89.97, for a total transaction of $6,394,977.63. Following the completion of the sale, the president owned 92,293 shares in the company, valued at $8,303,601.21. The trade was a 43.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Grant Dixton sold 40,000 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $88.44, for a total value of $3,537,600.00. Following the transaction, the executive vice president directly owned 54,992 shares in the company, valued at $4,863,492.48. The trade was a 42.11% decrease in their ownership of the stock. 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 ninety days, insiders have sold 549,665 shares of company stock valued at $49,010,828. Company insiders own 0.44% of the company's stock.

General Motors Stock Up 0.6%

GM traded up $0.52 during midday trading on Thursday, hitting $81.51. The company had a trading volume of 1,786,644 shares, compared to its average volume of 7,566,167. The stock's 50 day moving average price is $85.04 and its 200 day moving average price is $80.74. General Motors Company has a 52 week low of $54.33 and a 52 week high of $91.85. The company has a market capitalization of $71.52 billion, a price-to-earnings ratio of 41.16, a PEG ratio of 0.45 and a beta of 1.40. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 1.42.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.19 by $0.38. The company had revenue of $48.03 billion for the quarter, compared to analysts' expectations of $47.01 billion. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The business's revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. On average, research analysts anticipate that General Motors Company will post 13.52 earnings per share for the current fiscal year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Friday, September 4th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, September 4th. General Motors's dividend payout ratio (DPR) is 36.36%.

General Motors Profile

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

GM serves customers primarily in North America and also operates in international markets. Its business includes gasoline-powered and electric vehicles, commercial and fleet vehicles, vehicle financing through GM Financial, and connected-vehicle services such as OnStar.

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