General Motors Company $GM Stock: Fulcrum Asset Management LLP Grows Stake

Key Points

• Fulcrum Asset Management increased its GM stake by 125.8% in the third quarter, adding 39,169 shares to bring its holdings to 70,309 shares, valued at about $5.66 million. Institutional investors and hedge funds own 92.67% of GM’s stock.
• GM beat quarterly earnings and revenue estimates, with EPS of $3.70 and revenue of $50.02 billion; it also authorized a $20 billion share buyback and declared a $0.18 quarterly dividend.
• GM faces safety and legal headwinds, including recalls affecting electric vehicles and other models, alongside a $220 million settlement with 36 states over driver-data practices.

Fulcrum Asset Management LLP lifted its stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 125.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 70,309 shares of the auto manufacturer's stock after purchasing an additional 39,169 shares during the quarter. Fulcrum Asset Management LLP's holdings in General Motors were worth $5,658,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Richardson Financial Services Inc. lifted its position in General Motors by 75.7% during the third quarter. Richardson Financial Services Inc. now owns 325 shares of the auto manufacturer's stock worth $25,000 after purchasing an additional 140 shares during the period. Evergreen Advisors LLC acquired a new stake in General Motors during the first quarter worth about $26,000. Comprehensive Financial Planning Inc. PA acquired a new stake in General Motors during the second quarter worth about $31,000. Burk Holdings LLC bought a new position in General Motors in the 2nd quarter valued at about $31,000. Finally, Premier Financial Group bought a new position in General Motors in the 2nd quarter valued at about $31,000. 92.67% of the stock is owned by institutional investors and hedge funds.

Key General Motors News

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

• Positive Sentiment: Higher long-term earnings forecasts: Zacks Research raised its estimates for GM’s 2027 and 2028 earnings, including its FY2028 EPS forecast to $15.10 from $12.70. Zacks Research earnings forecast
• Positive Sentiment: Domestic battery-materials exposure: GM holds a 38% stake in Nevada’s Thacker Pass lithium project, which could support its longer-term EV battery supply chain. GM’s Thacker Pass stake
• Neutral Sentiment: Executive share sale: EVP Rory Harvey sold 16,513 shares under a pre-arranged Rule 10b5-1 plan, reducing his direct holding by 57.9%. The planned nature of the transaction makes it a less clear signal about his outlook. SEC filing
• Negative Sentiment: EV braking recall: GM is recalling about 67,000 Chevrolet and Cadillac EVs over a software issue that could cause loss of braking. An over-the-air fix may limit repair costs, but the safety risk and added scrutiny are concerns. EV braking recall
• Negative Sentiment: Further recall and legal overhangs: Reports describe additional recalls affecting more than 80,000 vehicles, while GM recently agreed to a $220 million settlement with 36 states over allegations involving driver-data practices. Additional vehicle recalls Driver-data settlement
• Negative Sentiment: Costs and product uncertainty: Automakers face higher material, logistics, and memory costs as pricing power weakens. Separately, a report says GM has dropped a planned electric Corvette SUV, raising questions about its EV product strategy. Automaker cost pressures Electric Corvette SUV report

Insider Transactions at General Motors

In other General Motors news, EVP Rory Harvey sold 16,513 shares of the stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $89.64, for a total value of $1,480,225.32. Following the completion of the transaction, the executive vice president directly owned 12,000 shares in the company, valued at approximately $1,075,680. This trade represents a 57.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is currently owned by insiders.

General Motors Stock Performance

Shares of General Motors stock opened at $86.24 on Monday. The company's 50 day moving average price is $83.35 and its two-hundred day moving average price is $80.83. The firm has a market capitalization of $72.75 billion, a P/E ratio of 19.78, a P/E/G ratio of 0.49 and a beta of 1.40. General Motors Company has a fifty-two week low of $67.06 and a fifty-two week high of $93.70. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.09 and a quick ratio of 0.94.

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

General Motors declared that its board has initiated a stock buyback plan on Tuesday, October 20th that permits the company to repurchase $20 billion in outstanding shares. This repurchase authorization permits the auto manufacturer to repurchase up to 27.5% of its shares through open market purchases. Share repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

General Motors Announces Dividend

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

Analyst Ratings Changes

GM has been the subject of several analyst reports. Yorkville Ives initiated coverage on shares of General Motors in a research report on Monday, October 5th. They issued an "outperform" rating and a $100.00 target price for the company. Royal Bank Of Canada reduced their price target on shares of General Motors from $102.00 to $98.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 21st. Benchmark reiterated a "buy" rating and set a $105.00 price target (up from $90.00) on shares of General Motors in a research report on Tuesday, July 21st. JPMorgan Chase & Co. decreased their price objective on shares of General Motors from $120.00 to $110.00 and set an "overweight" rating on the stock in a research note on Monday, October 12th. Finally, Deutsche Bank Aktiengesellschaft set a $98.00 price objective on shares of General Motors in a research report on Wednesday, October 21st. 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $101.44.

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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