OneAscent Financial Services LLC Buys New Stake in General Motors Company $GM

OneAscent Financial Services LLC purchased a new position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 11,493 shares of the auto manufacturer’s stock, valued at approximately $886,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cibc World Market Inc. boosted its holdings in shares of General Motors by 57.2% in the fourth quarter. Cibc World Market Inc. now owns 200,662 shares of the auto manufacturer’s stock valued at $16,318,000 after acquiring an additional 72,984 shares during the period. M&T Bank Corp increased its holdings in shares of General Motors by 82.0% in the 4th quarter. M&T Bank Corp now owns 72,062 shares of the auto manufacturer’s stock valued at $5,860,000 after acquiring an additional 32,474 shares during the period. Legacy Capital Group California Inc. increased its holdings in shares of General Motors by 206.4% in the 4th quarter. Legacy Capital Group California Inc. now owns 21,004 shares of the auto manufacturer’s stock valued at $1,708,000 after acquiring an additional 14,150 shares during the period. Janney Montgomery Scott LLC raised its position in General Motors by 16.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 202,172 shares of the auto manufacturer’s stock valued at $15,062,000 after purchasing an additional 28,163 shares during the last quarter. Finally, Leonteq Securities AG acquired a new stake in General Motors during the 4th quarter worth $17,753,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Stock Performance

NYSE:GM opened at $85.92 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.14 and a quick ratio of 0.97. The firm has a market cap of $75.39 billion, a price-to-earnings ratio of 43.39, a price-to-earnings-growth ratio of 0.39 and a beta of 1.30. The firm’s fifty day moving average price is $81.88 and its 200 day moving average price is $79.52. General Motors Company has a 1-year low of $54.33 and a 1-year high of $91.85.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, July 21st. The auto manufacturer reported $3.57 EPS for the quarter, topping analysts’ consensus estimates of $3.19 by $0.38. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The company had revenue of $48.03 billion during the quarter, compared to the consensus estimate of $47.01 billion. During the same quarter in the prior year, the firm earned $2.53 EPS. General Motors’s quarterly revenue was up 1.9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. On average, sell-side analysts expect that General Motors Company will post 13.29 EPS for the current year.

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, September 4th. General Motors’s payout ratio is 36.36%.

Insider Activity

In related news, CEO Mary T. Barra sold 318,448 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $90.38, for a total value of $28,781,330.24. Following the completion of the sale, the chief executive officer owned 428,994 shares in the company, valued at $38,772,477.72. This trade represents a 42.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Grant Michael Dixton sold 40,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $88.44, for a total transaction of $3,537,600.00. Following the completion of the sale, the executive vice president owned 54,992 shares of the company’s stock, valued at approximately $4,863,492.48. The trade was a 42.11% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 1,241,401 shares of company stock valued at $106,313,695. Company insiders own 0.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GM. TD Cowen raised their price objective on shares of General Motors from $126.00 to $132.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of General Motors in a report on Friday, July 17th. The Goldman Sachs Group increased their target price on shares of General Motors from $91.00 to $103.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Barclays raised their price target on General Motors from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Finally, Jefferies Financial Group upgraded General Motors from a “hold” rating to a “buy” rating and boosted their price target for the company from $90.00 to $99.00 in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $101.41.

General Motors News Roundup

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

• Positive Sentiment: GM is outperforming Ford as the earlier product-driven rally in Ford shares fades. The contrast suggests GM’s move is being viewed as more fundamental, helped by its recent earnings performance and improved investor sentiment. Ford Drops 4% as Bronco Pickup Rally Fades, Tesla Slips, General Motors Inches Higher
• Positive Sentiment: GM’s latest quarterly results exceeded expectations, with adjusted EPS of $3.57 versus the $3.19 consensus and revenue of $48.03 billion versus estimates of $47.01 billion. Revenue also grew year over year, reinforcing confidence in the company’s full-year earnings outlook.
• Positive Sentiment: The stock remains up since its latest earnings report, while analysts and market commentary point to momentum from GM’s roughly $6 billion buyback, raised guidance and a stronger shareholder-return story relative to Ford. GM Sprinted Past Ford After Its $6 Billion Buyback
• Positive Sentiment: One valuation analysis raised GM’s fair-value estimate from $94.81 to $100.04 per share. Separately, an EVgo fast-charging station opened in metropolitan Detroit with GM support, highlighting the company’s efforts to build out its EV ecosystem. General Motors Stock Fair Value Rises
• Neutral Sentiment: Analyst estimate revisions were mixed: forecasts increased for fourth-quarter 2026 and fiscal 2027 EPS, but one estimate for first-quarter 2028 EPS was reduced. The consensus full-year EPS forecast remains $13.29.
• Negative Sentiment: GM plans to discontinue Chevrolet sales in China while retaining Buick and Cadillac operations. Although its SAIC joint venture was extended for 20 years, the Chevrolet exit underscores competitive and restructuring challenges in the Chinese market. GM Discontinues Chevrolet Sales in China

General Motors Company Profile

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.