General Motors Company $GM Shares Sold by Convergence Investment Partners LLC

Convergence Investment Partners LLC trimmed its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 25.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,454 shares of the auto manufacturer’s stock after selling 12,528 shares during the quarter. Convergence Investment Partners LLC’s holdings in General Motors were worth $2,790,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Laurel Wealth Advisors LLC acquired a new position in General Motors in the fourth quarter worth $25,000. Evergreen Advisors LLC acquired a new stake in shares of General Motors during the first quarter worth $26,000. Elevation Wealth Partners LLC raised its holdings in shares of General Motors by 500.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 275 shares during the period. SouthState Bank Corp lifted its position in shares of General Motors by 101.7% in the 4th quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock worth $29,000 after buying an additional 177 shares during the last quarter. Finally, Kelleher Financial Advisors bought a new position in shares of General Motors in the 3rd quarter worth about $29,000. 92.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Christopher Hatto sold 6,895 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $85.00, for a total transaction of $586,075.00. Following the completion of the sale, the chief accounting officer directly owned 25,794 shares of the company’s stock, valued at $2,192,490. This represents a 21.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 99,239 shares of General Motors stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $85.10, for a total value of $8,445,238.90. Following the completion of the transaction, the chief executive officer directly owned 592,242 shares in the company, valued at $50,399,794.20. This represents a 14.35% 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. Over the last ninety days, insiders sold 697,388 shares of company stock worth $57,752,596. Corporate insiders own 0.54% of the company’s stock.

General Motors Price Performance

NYSE GM opened at $75.91 on Tuesday. General Motors Company has a 12 month low of $48.87 and a 12 month high of $87.62. The firm has a market capitalization of $68.45 billion, a PE ratio of 30.61, a P/E/G ratio of 0.38 and a beta of 1.31. The company’s 50 day simple moving average is $78.84 and its 200 day simple moving average is $78.84. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.15 and a quick ratio of 0.99.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.61 by $1.09. The firm had revenue of $43.62 billion during the quarter, compared to analyst estimates of $43.51 billion. General Motors had a return on equity of 16.68% and a net margin of 1.38%.The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the company posted $2.78 EPS. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, equities research analysts forecast that General Motors Company will post 12.88 EPS for the current fiscal year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.72 annualized dividend and a yield of 0.9%. General Motors’s dividend payout ratio is currently 29.03%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GM. Wall Street Zen raised shares of General Motors from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Wells Fargo & Company raised their target price on shares of General Motors from $59.00 to $60.00 and gave the stock an “underweight” rating in a report on Thursday, June 25th. Royal Bank Of Canada decreased their target price on General Motors from $95.00 to $94.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. The Goldman Sachs Group lowered their target price on General Motors from $104.00 to $91.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Finally, Mizuho dropped their price target on General Motors from $105.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $97.27.

General Motors News Summary

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

• Positive Sentiment: Analysts and pre-earnings coverage point to healthy vehicle demand and margin strength as potential tailwinds for General Motors, which could support the stock if results beat expectations.
• Positive Sentiment: GM has been highlighted as one of the auto stocks positioned to beat second-quarter earnings estimates, suggesting the market sees a chance for upside if management delivers a strong outlook.
• Neutral Sentiment: Wall Street expects a relatively strong quarter, with earnings and revenue forecasts clustered around $3.20-$3.70 per share and about $47 billion in sales, making the report a key near-term catalyst. General Motors is set to report earnings before the bell. Here’s what Wall Street expects
• Neutral Sentiment: Investors are also watching whether GM can extend its recent relative outperformance versus Tesla, with some commentary framing the stock as undervalued heading into earnings.
• Negative Sentiment: Technical commentary flagged a bearish double-top pattern and recent pullback in GM shares, indicating some traders expect downside if the earnings report disappoints.
• Negative Sentiment: New U.S. tariffs on Canadian imports could raise costs for North American manufacturers, including General Motors, because of cross-border supply-chain exposure and the auto trade dispute.

About General Motors

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.