NEOS Investment Management LLC grew its position in shares of General Motors Company (NYSE:GM – Free Report) (TSE:GMM.U) by 8.8% during the second quarter, Holdings Channel reports. The institutional investor owned 146,561 shares of the auto manufacturer’s stock after purchasing an additional 11,901 shares during the quarter. NEOS Investment Management LLC’s holdings in General Motors were worth $11,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently added to or reduced their stakes in GM. Tsfg LLC raised its stake in 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 acquiring an additional 120 shares during the period. Sumitomo Life Insurance Co. boosted its position in General Motors by 0.7% during the fourth 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 during the period. UMB Bank n.a. boosted its position in General Motors by 2.0% during the fourth 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. Waddell & Associates LLC increased its stake in shares of General Motors by 1.3% in the fourth quarter. Waddell & Associates LLC now owns 10,737 shares of the auto manufacturer’s stock worth $873,000 after purchasing an additional 137 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC raised its position in shares of General Motors by 0.9% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 15,043 shares of the auto manufacturer’s stock valued at $1,223,000 after purchasing an additional 138 shares during the period. Hedge funds and other institutional investors own 92.67% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages recently commented on GM. Barclays upped their price target on shares of General Motors from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. Jefferies Financial Group raised shares of General Motors from a “hold” rating to a “buy” rating and boosted their target price for the company from $90.00 to $99.00 in a report on Monday, July 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $100.00 target price on shares of General Motors in a research report on Wednesday, July 22nd. The Goldman Sachs Group raised their price target on General Motors from $91.00 to $103.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Finally, Wells Fargo & Company lifted their price target on General Motors from $60.00 to $61.00 and gave the company an “underweight” rating in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, General Motors currently has a consensus rating of “Moderate Buy” and an average target price of $101.41.
General Motors Trading Up 0.6%
Shares of GM opened at $87.71 on Friday. General Motors Company has a 1-year low of $54.33 and a 1-year high of $91.85. The company has a market capitalization of $76.96 billion, a P/E ratio of 44.30, a P/E/G ratio of 0.50 and a beta of 1.32. 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’s 50 day simple moving average is $83.26 and its 200 day simple moving average is $79.84.
General Motors (NYSE:GM – Get Free Report) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 EPS for the quarter, topping analysts’ consensus estimates of $3.19 by $0.38. The firm had revenue of $48.03 billion for the quarter, compared to analyst estimates of $47.01 billion. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Sell-side analysts forecast that General Motors Company will post 13.29 earnings per share for the current fiscal year.
General Motors Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Friday, September 4th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, September 4th. General Motors’s dividend payout ratio is currently 36.36%.
Insider Buying and Selling at General Motors
In other news, EVP Grant Dixton sold 40,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $88.44, for a total value of $3,537,600.00. Following the completion of the transaction, the executive vice president directly owned 54,992 shares in the company, valued at approximately $4,863,492.48. This represents a 42.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Hatto sold 6,895 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $90.00, for a total value of $620,550.00. Following the transaction, the chief accounting officer directly owned 18,899 shares in the company, valued at approximately $1,700,910. This represents a 26.73% decrease in their ownership of the stock. 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 have sold 669,486 shares of company stock valued at $59,205,537. 0.44% of the stock is currently owned by company insiders.
General Motors News Roundup
Here are the key news stories impacting General Motors this week:
- Positive Sentiment: Momentum remains favorable: Zacks identified GM as a strong momentum stock, reflecting recent price strength and improving investor interest. GM’s latest quarterly results also exceeded analyst expectations for both earnings and revenue, while management’s fiscal 2026 earnings outlook remains supportive. Here’s Why General Motors Is a Strong Momentum Stock
- Positive Sentiment: Canadian strike risk appears reduced: GM and Unifor reached a tentative agreement covering Canadian auto workers, potentially avoiding production disruptions and related labor costs if workers approve the deal. GM and Unifor Strike Tentative Deal
- Positive Sentiment: Industry seeks restrictions on Chinese vehicles: Major automakers, including GM’s industry group, urged Congress to ban Chinese vehicles from the U.S. market. Such legislation could reduce competitive pressure, although the outcome and timing remain uncertain. Automakers Urge Congress to Ban Chinese Cars
- Neutral Sentiment: New in-cabin camera capability: GM is enabling cameras to record passengers following an over-the-air update. The feature may support future safety or convenience functions, but its immediate financial impact is unclear. GM’s New In-Car Cameras Now Record Passengers
- Negative Sentiment: Recall response may pressure margins: GM is offering employee-level pricing to owners of vehicles affected by the 6.2-liter V8 recall, which could help retain customers but may increase discounts and recall-related costs. GM Offering Employee Pricing for Recalled Vehicles
- Negative Sentiment: Privacy and liability concerns: Passenger-recording functionality could prompt scrutiny over consent, data handling and privacy, potentially creating reputational or regulatory risks for GM. General Motors New In-Cabin Camera Technology
About General Motors
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.
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