NewEdge Wealth LLC Buys New Stake in General Motors Company $GM

NewEdge Wealth LLC bought a new stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 31,376 shares of the auto manufacturer’s stock, valued at approximately $2,418,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Cibc World Market Inc. increased its position 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 worth $16,318,000 after acquiring an additional 72,984 shares in the last quarter. M&T Bank Corp lifted its position 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 in the last quarter. Legacy Capital Group California Inc. boosted its stake in 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 worth $1,708,000 after purchasing an additional 14,150 shares during the period. Janney Montgomery Scott LLC grew its position in General Motors by 16.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 202,172 shares of the auto manufacturer’s stock worth $15,062,000 after purchasing an additional 28,163 shares in the last quarter. Finally, Leonteq Securities AG purchased a new position in General Motors during the 4th quarter worth approximately $17,753,000. Institutional investors own 92.67% of the company’s stock.

General Motors Price Performance

NYSE GM opened at $85.92 on Friday. General Motors Company has a twelve month low of $54.33 and a twelve month high of $91.85. The stock has a market capitalization of $75.39 billion, a PE ratio of 43.39, a P/E/G ratio of 0.39 and a beta of 1.30. The stock has a 50-day simple moving average of $81.88 and a 200 day simple moving average of $79.52. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.97 and a current ratio of 1.14.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share (EPS) for the quarter, topping 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 company had revenue of $48.03 billion for the quarter, compared to analyst estimates of $47.01 billion. During the same period last year, the business 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. Research analysts anticipate that General Motors Company will post 13.29 EPS for the current year.

General Motors Announces Dividend

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

Insider Activity

In related news, CEO Mary T. Barra sold 318,448 shares of the firm’s stock in a transaction on 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 directly owned 428,994 shares of the company’s stock, valued at $38,772,477.72. This trade represents a 42.61% decrease in their position. The transaction 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, EVP Rory Harvey sold 8,882 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $86.95, for a total transaction of $772,289.90. Following the completion of the transaction, the executive vice president directly owned 28,513 shares of the company’s stock, valued at approximately $2,479,205.35. This represents a 23.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 1,241,401 shares of company stock valued at $106,313,695. Corporate insiders own 0.44% of the company’s stock.

More General Motors News

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

Analyst Ratings Changes

A number of research firms have recently issued reports on GM. Tigress Financial increased their target price on General Motors from $92.00 to $130.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $100.00 price target on shares of General Motors in a report on Wednesday, July 22nd. 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. UBS Group reissued a “buy” rating on shares of General Motors in a research note on Wednesday, June 10th. Finally, Wall Street Zen upgraded General Motors from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $101.41.

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.