Uncovering Institutional Buying In General Motors Company (NYSE: GM)

Currently, there are 1.10B common shares owned by the public and among those 1.10B shares have been available to trade.

The company’s stock has a 5-day price change of -1.37% and 7.85% over the past three months. GM shares are trading 44.24% year to date (YTD), with the 12-month market performance up to 46.07% higher. It has a 12-month low price of $34.32 and touched a high of $61.24 over the same period. GM has an average intraday trading volume of 12.84 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.28%, -2.70%, and 9.44% respectively.

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Institutional ownership of General Motors Company (NYSE: GM) shares accounts for 86.55% of the company’s 1.10B shares outstanding.

It has a market capitalization of $58.63B and a beta (3y monthly) value of 1.44. The stock’s trailing 12-month PE ratio is 5.53, while the earnings-per-share (ttm) stands at $9.37. The company has a PEG of 0.35 and a Quick Ratio of 1.03 with the debt-to-equity ratio at 1.80. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.84% over the week and 2.89% over the month.

Earnings per share for the fiscal year are expected to increase by 34.87%, and 2.93% over the next financial year. EPS should grow at an annualized rate of 15.96% over the next five years, compared to 5.58% over the past 5-year period.

Looking at the support for the GM, a number of firms have released research notes about the stock. HSBC Securities stated their Hold rating for the stock in a research note on December 11, 2024, with the firm’s price target at $58. Morgan Stanley coverage for the General Motors Company (GM) stock in a research note released on December 10, 2024 offered a Equal-Weight rating with a price target of $54. DZ Bank was of a view on October 11, 2024 that the stock is Hold, while Morgan Stanley gave the stock Underweight rating on September 25, 2024, issuing a price target of $47- $42. Bernstein on their part issued Mkt Perform rating on September 23, 2024.

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