Exchange Traded Concepts LLC Sells 15,190 Shares of General Motors Company $GM

Exchange Traded Concepts LLC reduced its holdings in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 6.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 227,386 shares of the auto manufacturer’s stock after selling 15,190 shares during the period. Exchange Traded Concepts LLC’s holdings in General Motors were worth $18,491,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. CWM LLC boosted its holdings in shares of General Motors by 50.8% in the 3rd quarter. CWM LLC now owns 340,858 shares of the auto manufacturer’s stock worth $20,782,000 after purchasing an additional 114,756 shares during the period. Corient Private Wealth LLC raised its holdings in General Motors by 6.2% during the 2nd quarter. Corient Private Wealth LLC now owns 341,426 shares of the auto manufacturer’s stock valued at $16,802,000 after buying an additional 20,017 shares during the period. SteelPeak Wealth LLC bought a new stake in General Motors in the third quarter worth $3,411,000. Burney Co. lifted its position in General Motors by 18.7% in the third quarter. Burney Co. now owns 82,037 shares of the auto manufacturer’s stock worth $5,002,000 after buying an additional 12,913 shares during the last quarter. Finally, Permanent Capital Management LP purchased a new position in General Motors during the third quarter worth $1,102,000. 92.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GM. Wedbush increased their target price on shares of General Motors from $75.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. Morgan Stanley reaffirmed an “overweight” rating and set a $100.00 price target on shares of General Motors in a research note on Wednesday, January 28th. Royal Bank Of Canada upped their price target on shares of General Motors from $92.00 to $107.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Jefferies Financial Group increased their price objective on shares of General Motors from $85.00 to $97.00 and gave the stock a “hold” rating in a research report on Monday, February 2nd. Finally, Zacks Research downgraded shares of General Motors from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $91.58.

Read Our Latest Analysis on GM

General Motors News Roundup

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

General Motors Stock Down 3.5%

Shares of GM opened at $72.98 on Friday. The firm has a fifty day moving average price of $79.12 and a 200-day moving average price of $73.42. The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $65.97 billion, a P/E ratio of 24.25, a P/E/G ratio of 0.39 and a beta of 1.37. General Motors Company has a 12-month low of $41.60 and a 12-month high of $87.62.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $45.81 billion. During the same quarter last year, the firm posted $1.92 EPS. The firm’s revenue was down 5.1% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. Equities research analysts expect that General Motors Company will post 11.44 earnings per share for the current year.

General Motors declared that its Board of Directors has initiated a stock repurchase program on Tuesday, January 27th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the auto manufacturer to buy up to 8.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its shares are undervalued.

General Motors Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, March 6th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from General Motors’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, March 6th. General Motors’s dividend payout ratio is 23.92%.

General Motors Company Profile

(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.

See Also

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

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