General Motors Company $GM Stock Acquired by Ninety One UK Ltd

Key Points

• Ninety One UK Ltd increased its GM stake by 15.2% in the third quarter, adding 697,239 shares to own 5.29 million shares valued at approximately $407.5 million. Institutional investors collectively hold 92.67% of GM’s stock.
• Wall Street’s consensus outlook remains favorable, with GM carrying a “Moderate Buy” rating and an average price target of $101.22. Recent targets range from $101 to $112, despite some analysts maintaining “Hold” ratings.
• GM reported quarterly earnings and revenue above analyst expectations, while shares recently traded at $83.70. Insiders sold 549,665 shares worth about $49 million over the past 90 days, and the company pays a quarterly dividend of $0.18, yielding approximately 0.9%.

Ninety One UK Ltd grew its position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 15.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,292,256 shares of the auto manufacturer's stock after buying an additional 697,239 shares during the quarter. Ninety One UK Ltd owned 0.60% of General Motors worth $407,504,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Evergreen Advisors LLC acquired a new stake in shares of General Motors during the first quarter worth about $26,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of General Motors in the second quarter valued at approximately $31,000. Burk Holdings LLC acquired a new position in shares of General Motors in the second quarter valued at approximately $31,000. Premier Financial Group acquired a new position in shares of General Motors in the second quarter valued at approximately $31,000. Finally, Elevation Wealth Partners LLC grew its holdings in shares of 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 purchasing an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

Wall Street Analysts Forecast Growth

GM has been the topic of a number of research reports. UBS Group reduced their target price on shares of General Motors from $114.00 to $112.00 and set a "buy" rating on the stock in a report on Wednesday, October 7th. Weiss Ratings reissued a "hold (c)" rating on shares of General Motors in a research report on Friday, July 17th. Morgan Stanley boosted their price target on shares of General Motors from $100.00 to $101.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 22nd. Barclays upped their price objective on General Motors from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 22nd. Finally, TD Cowen reiterated a "hold" rating on shares of General Motors in a research note on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $101.22.

Insider Buying and Selling

In related news, EVP Grant Dixton sold 40,000 shares of the business'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 in the company, valued at approximately $4,863,492.48. The trade was a 42.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 8,882 shares of the stock in a transaction on Monday, July 27th. The shares were sold at an average price of $86.95, for a total value of $772,289.90. Following the completion of the transaction, the executive vice president directly owned 28,513 shares in the company, valued at $2,479,205.35. This trade represents a 23.75% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 549,665 shares of company stock worth $49,010,828. Corporate insiders own 0.44% of the company's stock.

General Motors Stock Up 0.8%

Shares of General Motors stock traded up $0.65 on Thursday, reaching $83.70. 2,552,708 shares of the company were exchanged, compared to its average volume of 7,528,193. General Motors Company has a 1-year low of $56.81 and a 1-year high of $91.85. The company has a market cap of $73.44 billion, a P/E ratio of 42.26, a price-to-earnings-growth ratio of 0.46 and a beta of 1.40. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.14 and a quick ratio of 0.97. The stock's 50 day moving average price is $84.48 and its 200-day moving average price is $81.00.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share for the quarter, topping analysts' consensus estimates of $3.19 by $0.38. The firm had revenue of $48.03 billion for the quarter, compared to analyst estimates of $47.01 billion. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The business's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.53 earnings per share. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. As a group, equities analysts forecast that General Motors Company will post 13.54 EPS for the current 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 given a $0.18 dividend. The ex-dividend date of this dividend was Friday, September 4th. 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 36.36%.

About General Motors

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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