KBC Group NV Acquires 234,714 Shares of General Motors Company $GM

KBC Group NV increased its holdings in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 257.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 326,004 shares of the auto manufacturer’s stock after purchasing an additional 234,714 shares during the period. KBC Group NV’s holdings in General Motors were worth $24,287,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Tsfg LLC grew its stake in shares of General Motors by 5.7% in the 4th quarter. Tsfg LLC now owns 2,241 shares of the auto manufacturer’s stock valued at $182,000 after purchasing an additional 120 shares during the period. Bogart Wealth LLC lifted its position in shares of General Motors by 15.6% during the 4th quarter. Bogart Wealth LLC now owns 905 shares of the auto manufacturer’s stock worth $74,000 after buying an additional 122 shares during the period. Sumitomo Life Insurance Co. boosted its stake in General Motors by 0.7% in the 4th quarter. Sumitomo Life Insurance Co. now owns 19,477 shares of the auto manufacturer’s stock valued at $1,584,000 after buying an additional 127 shares in the last quarter. PDS Planning Inc boosted its stake in General Motors by 3.4% in the 4th quarter. PDS Planning Inc now owns 3,996 shares of the auto manufacturer’s stock valued at $325,000 after buying an additional 131 shares in the last quarter. Finally, UMB Bank n.a. grew its position in General Motors by 2.0% in the fourth quarter. UMB Bank n.a. now owns 6,887 shares of the auto manufacturer’s stock valued at $560,000 after acquiring an additional 136 shares during the period. Institutional investors own 92.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Benchmark reissued a “buy” rating on shares of General Motors in a report on Tuesday. Wall Street Zen raised shares of General Motors from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Wedbush reiterated an “outperform” rating and set a $95.00 target price on shares of General Motors in a research report on Monday, May 11th. Weiss Ratings reissued a “hold (c)” rating on shares of General Motors in a report on Friday. Finally, Piper Sandler restated an “overweight” rating and issued a $102.00 price target on shares of General Motors in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, General Motors presently has a consensus rating of “Moderate Buy” and an average target price of $97.27.

Check Out Our Latest Report on General Motors

Insiders Place Their Bets

In other news, CEO Mary T. Barra sold 215,391 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $80.01, for a total transaction of $17,233,433.91. Following the transaction, the chief executive officer directly owned 770,491 shares in the company, valued at approximately $61,646,984.91. This represents a 21.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 79,494 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $83.02, for a total transaction of $6,599,591.88. Following the sale, the executive vice president directly owned 46,519 shares in the company, valued at $3,862,007.38. This trade represents a 63.08% decrease in their ownership of the stock. 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 three months, insiders sold 697,388 shares of company stock valued at $57,752,596. Insiders own 0.54% of the company’s stock.

General Motors Price Performance

General Motors stock opened at $79.67 on Wednesday. The business’s fifty day moving average is $78.91 and its two-hundred day moving average is $78.83. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.99 and a current ratio of 1.15. The firm has a market cap of $71.84 billion, a P/E ratio of 32.13, a P/E/G ratio of 0.38 and a beta of 1.31. General Motors Company has a 52 week low of $48.87 and a 52 week high of $87.62.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last announced its earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.18 by $0.39. General Motors had a return on equity of 16.68% and a net margin of 1.38%.The company had revenue of $48.03 billion during the quarter, compared to analyst estimates of $47.01 billion. During the same period last year, the company posted $2.53 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Equities research analysts forecast that General Motors Company will post 12.88 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, September 4th. General Motors’s dividend payout ratio (DPR) is presently 29.03%.

Key General Motors News

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

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.

Recommended Stories

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.