General Motors Company $GM Shares Sold by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC cut its General Motors stake by 42.3% in the fourth quarter, selling 371,494 shares and ending with 506,178 shares valued at about $41.2 million.
• GM insiders were also active sellers: CEO Mary T. Barra sold 134,954 shares and EVP Rory Harvey sold 79,494 shares under pre-arranged trading plans. Over the past three months, insiders sold 538,548 shares worth $44.2 million.
• Despite the selling, GM reported strong quarterly results, with EPS of $3.70 beating estimates and revenue topping forecasts slightly. The company also kept its full-year guidance and pays a quarterly dividend of $0.18 per share.

Intech Investment Management LLC reduced its stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 42.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 506,178 shares of the auto manufacturer's stock after selling 371,494 shares during the quarter. Intech Investment Management LLC owned 0.06% of General Motors worth $41,162,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Foundations Investment Advisors LLC lifted its holdings in shares of General Motors by 8.7% in the 4th quarter. Foundations Investment Advisors LLC now owns 13,442 shares of the auto manufacturer's stock worth $1,093,000 after acquiring an additional 1,081 shares during the last quarter. Baker Avenue Asset Management LP lifted its holdings in shares of General Motors by 14.1% in the 4th quarter. Baker Avenue Asset Management LP now owns 7,148 shares of the auto manufacturer's stock worth $581,000 after acquiring an additional 886 shares during the last quarter. Arista Wealth Management LLC lifted its holdings in shares of General Motors by 44.4% in the 4th quarter. Arista Wealth Management LLC now owns 13,004 shares of the auto manufacturer's stock worth $1,057,000 after acquiring an additional 4,000 shares during the last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of General Motors by 26.3% in the 4th quarter. Kingsview Wealth Management LLC now owns 6,136 shares of the auto manufacturer's stock worth $499,000 after acquiring an additional 1,276 shares during the last quarter. Finally, Severin Investments LLC acquired a new position in shares of General Motors in the 4th quarter worth approximately $505,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other General Motors news, CEO Mary T. Barra sold 134,954 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $85.03, for a total value of $11,475,138.62. Following the sale, the chief executive officer directly owned 592,242 shares of the company's stock, valued at approximately $50,358,337.26. This represents a 18.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 79,494 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $83.02, for a total transaction of $6,599,591.88. Following the completion of the sale, the executive vice president directly owned 46,519 shares in the company, valued at approximately $3,862,007.38. This represents a 63.08% 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. Over the last three months, insiders sold 538,548 shares of company stock worth $44,241,546. Insiders own 0.54% of the company's stock.

Key General Motors News

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

• Positive Sentiment: GM approved Pinnacle Intelligence as a vendor for Business Development Center services, reinforcing its push to use AI-enabled tools in retail operations and customer support. General Motors Selects Pinnacle Intelligence for BDC Services, Supporting Its Integrated AI-Enabled Approach
• Positive Sentiment: Reports that GM received preliminary FDIC approval for an industrial bank charter could improve financing flexibility and support future captive-lending growth. Ford, GM, Stellantis Join Crypto Firms In Trump-Era Bank Charter Push After Winning Preliminary FDIC Approval: Report
• Positive Sentiment: GM also landed work tied to NASA’s lunar terrain vehicle program, highlighting its battery and propulsion technology beyond traditional auto sales. General Motors to make batteries for NASA's new manned moon rover
• Neutral Sentiment: GM recognized several suppliers in its annual awards, which is a constructive sign for operations but not likely a major stock driver by itself. Bridgestone Recognized as 2025 Supplier of the Year by General Motors
• Negative Sentiment: CEO Mary T. Barra sold a large amount of GM shares in multiple transactions, and EVP Rory Harvey also sold shares, which may weigh on sentiment even though the sales were planned. Mary T. Barra insider trade details

General Motors Trading Up 0.3%

Shares of NYSE:GM opened at $84.38 on Friday. General Motors Company has a 52 week low of $46.81 and a 52 week high of $87.62. The company's 50 day moving average is $76.73 and its two-hundred day moving average is $78.03. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.41. The company has a market cap of $76.08 billion, a PE ratio of 34.03, a P/E/G ratio of 0.42 and a beta of 1.29.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 EPS for the quarter, beating analysts' consensus estimates of $2.61 by $1.09. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The company had revenue of $43.62 billion for the quarter, compared to the consensus estimate of $43.51 billion. During the same period in the prior year, the firm posted $2.78 EPS. The company's quarterly revenue was down .9% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. Equities analysts predict that General Motors Company will post 12.85 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. General Motors's dividend payout ratio is currently 29.03%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Evercore restated an "outperform" rating and issued a $100.00 price objective on shares of General Motors in a report on Monday, May 4th. Wolfe Research upgraded shares of General Motors from a "peer perform" rating to an "outperform" rating and set a $96.00 target price on the stock in a report on Wednesday, March 25th. Bank of America started coverage on shares of General Motors in a report on Wednesday, March 4th. They set a "buy" rating and a $105.00 target price on the stock. Barclays reduced their target price on shares of General Motors from $110.00 to $105.00 and set an "overweight" rating on the stock in a report on Monday, March 30th. Finally, Jefferies Financial Group increased their target price on shares of General Motors from $85.00 to $97.00 and gave the stock a "hold" rating in a report on Monday, February 2nd. 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $94.65.

General Motors Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.