General Motors Company $GM Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. cut its stake in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 6.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 142,824 shares of the auto manufacturer’s stock after selling 9,862 shares during the quarter. Hantz Financial Services Inc.’s holdings in General Motors were worth $8,708,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GM. Vanguard Group Inc. grew its stake in shares of General Motors by 11.5% in the 2nd quarter. Vanguard Group Inc. now owns 110,759,703 shares of the auto manufacturer’s stock valued at $5,450,485,000 after buying an additional 11,418,367 shares during the period. Norges Bank purchased a new position in General Motors in the second quarter worth approximately $444,319,000. Viking Global Investors LP increased its stake in General Motors by 81.1% during the second quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock worth $640,659,000 after acquiring an additional 5,830,050 shares during the last quarter. Worldquant Millennium Advisors LLC raised its position in General Motors by 436.8% in the second quarter. Worldquant Millennium Advisors LLC now owns 2,658,525 shares of the auto manufacturer’s stock valued at $130,826,000 after purchasing an additional 2,163,274 shares during the period. Finally, Marshall Wace LLP lifted its stake in shares of General Motors by 125.9% in the 2nd quarter. Marshall Wace LLP now owns 3,699,220 shares of the auto manufacturer’s stock valued at $182,039,000 after purchasing an additional 2,061,712 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Stock Performance

Shares of General Motors stock opened at $86.12 on Thursday. The business has a 50-day simple moving average of $80.92 and a 200-day simple moving average of $67.63. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.01 and a current ratio of 1.17. General Motors Company has a one year low of $41.60 and a one year high of $87.62. The company has a market cap of $77.85 billion, a PE ratio of 28.61, a P/E/G ratio of 0.47 and a beta of 1.36.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.25. General Motors had a net margin of 1.46% and a return on equity of 14.72%. The company had revenue of $45.29 billion during the quarter, compared to the consensus estimate of $45.81 billion. During the same quarter in the previous year, the firm earned $1.92 earnings per share. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. On average, equities research analysts forecast that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors declared that its Board of Directors has approved a stock buyback plan on Tuesday, January 27th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the auto manufacturer to repurchase up to 8.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

General Motors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Friday, March 6th will be paid a $0.18 dividend. This is a boost from General Motors’s previous quarterly dividend of $0.15. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, March 6th. General Motors’s payout ratio is 19.93%.

Insider Transactions at General Motors

In other General Motors news, CAO Christopher Hatto sold 7,724 shares of General Motors stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $72.00, for a total transaction of $556,128.00. Following the completion of the sale, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at $864,504. The trade was a 39.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is owned by company insiders.

Trending Headlines about General Motors

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

Analysts Set New Price Targets

GM has been the topic of several research analyst reports. Benchmark restated a “buy” rating on shares of General Motors in a report on Wednesday, October 22nd. Wedbush lifted their price target on shares of General Motors from $75.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. Weiss Ratings restated a “hold (c)” rating on shares of General Motors in a report on Thursday, January 22nd. DZ Bank upgraded shares of General Motors from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a report on Thursday, January 29th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $100.00 target price on shares of General Motors in a research report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $88.43.

Check Out Our Latest Report on GM

About General Motors

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding GM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Motors Company (NYSE:GMFree Report) (TSE:GMM.U).

Institutional Ownership by Quarter for General Motors (NYSE:GM)

Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.