GK Wealth Management LLC purchased a new stake in shares of General Motors Company (NYSE:GM – Free Report) (TSE:GMM.U) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 6,321 shares of the auto manufacturer’s stock, valued at approximately $487,000.
Several other institutional investors and hedge funds also recently bought and sold shares of GM. Tsfg LLC raised its holdings in General Motors by 5.7% during the 4th quarter. Tsfg LLC now owns 2,241 shares of the auto manufacturer’s stock valued at $182,000 after acquiring an additional 120 shares during the period. Bogart Wealth LLC grew its position in shares of General Motors by 15.6% in the fourth quarter. Bogart Wealth LLC now owns 905 shares of the auto manufacturer’s stock valued at $74,000 after purchasing an additional 122 shares in the last quarter. Sumitomo Life Insurance Co. lifted its holdings in General Motors by 0.7% during the 4th quarter. Sumitomo Life Insurance Co. now owns 19,477 shares of the auto manufacturer’s stock worth $1,584,000 after purchasing an additional 127 shares in the last quarter. PDS Planning Inc lifted its holdings in General Motors by 3.4% during the 4th quarter. PDS Planning Inc now owns 3,996 shares of the auto manufacturer’s stock worth $325,000 after purchasing an additional 131 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in General Motors by 2.0% in the 4th quarter. UMB Bank n.a. now owns 6,887 shares of the auto manufacturer’s stock worth $560,000 after purchasing an additional 136 shares during the period. 92.67% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several brokerages have recently weighed in on GM. Citigroup upped their price target on General Motors from $108.00 to $131.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Barclays increased their target price on shares of General Motors from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $100.00 price target on shares of General Motors in a report on Wednesday, July 22nd. Jefferies Financial Group raised shares of General Motors from a “hold” rating to a “buy” rating and upped their price target for the stock from $90.00 to $99.00 in a report on Monday, July 27th. Finally, Wedbush restated an “outperform” rating and set a $95.00 target price on shares of General Motors in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, General Motors has a consensus rating of “Moderate Buy” and a consensus price target of $101.41.
Insider Activity
In other General Motors news, CEO Mary T. Barra sold 318,448 shares of General Motors stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $90.38, for a total transaction of $28,781,330.24. Following the completion of the sale, the chief executive officer owned 428,994 shares of the company’s stock, valued at $38,772,477.72. The trade was a 42.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Hatto sold 6,895 shares of the company’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $90.00, for a total value of $620,550.00. Following the completion of the transaction, the chief accounting officer owned 18,899 shares of the company’s stock, valued at $1,700,910. The trade was a 26.73% 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 90 days, insiders have sold 1,247,053 shares of company stock valued at $106,763,425. 0.44% of the stock is owned by insiders.
General Motors News Roundup
Here are the key news stories impacting General Motors this week:
- Positive Sentiment: EV charging network surpasses 300 locations: GM, Pilot and EVgo said their joint fast-charging network now includes more than 300 locations and 1,300 stalls across 40 states, covering approximately 75% of the contiguous United States. The broader network supports GM’s EV adoption strategy and improves the convenience of long-distance electric travel. Pilot, General Motors and EVgo Power EV Road Trips with More Than 300 Fast-Charging Locations Nationwide
- Positive Sentiment: Long-term growth case remains supported: A Zacks analysis identified GM as a potentially attractive long-term growth stock based on its Style Scores and growth characteristics. This follows GM’s latest quarterly earnings beat, with earnings per share of $3.57 versus a $3.19 consensus estimate and revenue of $48.03 billion, above expectations. Why General Motors Is a Top Growth Stock for the Long-Term
- Positive Sentiment: Analyst support and shareholder returns: Recent analysts raised price targets, including Jefferies at $99 and TD Cowen at $132, while the consensus target is approximately $101.41. GM also maintains a quarterly dividend of $0.18 per share.
- Neutral Sentiment: Executive stock sale: EVP Grant Michael Dixton sold 40,000 shares worth approximately $3.54 million, reducing his holdings by 42.11%. Because the transaction was made under a pre-arranged Rule 10b5-1 plan, it may be less significant as a discretionary bearish signal. Grant Michael Dixton Sells 40,000 Shares of General Motors Stock
- Negative Sentiment: EV and software execution concerns remain: Reports questioned whether GM may scale back electric trucks after weak 2026 sales and suggested its decision to limit Apple CarPlay could be losing consumer support. These issues could pressure EV growth and connected-services monetization.
- Negative Sentiment: Supplier margin pressure: PHINIA’s earnings miss, attributed to higher employee costs and unfavorable product mix, highlights potential cost and supply-chain pressure affecting automotive suppliers, although the impact on GM is indirect.
General Motors Price Performance
Shares of NYSE:GM opened at $88.31 on Wednesday. The company’s fifty day moving average price is $80.91 and its 200-day moving average price is $79.11. The firm has a market capitalization of $77.48 billion, a price-to-earnings ratio of 44.60, a PEG ratio of 0.40 and a beta of 1.30. General Motors Company has a one year low of $52.09 and a one year high of $91.85. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.14 and a quick ratio of 0.97.
General Motors (NYSE:GM – Get Free Report) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.19 by $0.38. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The firm had revenue of $48.03 billion for the quarter, compared to analysts’ expectations of $47.01 billion. During the same quarter last year, the company posted $2.53 EPS. The business’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, equities research analysts anticipate that General Motors Company will post 13.27 earnings per share for the current fiscal year.
General Motors Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, September 4th. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. General Motors’s dividend payout ratio (DPR) is presently 36.36%.
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.
Recommended Stories
- Five stocks we like better than General Motors
- System Upgrade: First Internet Bancorp Options Surge
- AI Security Breaches Raise New Risks for Microsoft and Amazon’s Agent Push
- The AI Chip Blockade Is Creating a Shadow Market
- Grab Holdings Stock Forms Bottom After Strong Beat-and-Raise Quarter
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:GM – Free Report) (TSE:GMM.U).
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.
