TD Waterhouse Canada Inc. grew its position in General Motors Company (NYSE:GM – Free Report) (TSE:GMM.U) by 154.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 212,619 shares of the auto manufacturer’s stock after purchasing an additional 129,120 shares during the period. TD Waterhouse Canada Inc.’s holdings in General Motors were worth $16,877,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of General Motors during the second quarter worth about $5,958,995,000. Dimensional Fund Advisors LP raised its position in General Motors by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,225,518 shares of the auto manufacturer’s stock valued at $1,059,668,000 after buying an additional 77,100 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in General Motors by 1.2% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,559,990 shares of the auto manufacturer’s stock valued at $659,804,000 after buying an additional 101,885 shares during the last quarter. Bank of America Corp DE acquired a new stake in General Motors in the 2nd quarter valued at approximately $629,465,000. Finally, Legal & General Group Plc bought a new stake in General Motors in the 2nd quarter valued at approximately $599,066,000. 92.67% of the stock is currently owned by institutional investors.
General Motors Price Performance
NYSE:GM opened at $83.96 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.97 and a current ratio of 1.14. The stock’s 50-day simple moving average is $84.34 and its 200 day simple moving average is $81.10. The company has a market cap of $73.67 billion, a P/E ratio of 42.40, a P/E/G ratio of 0.46 and a beta of 1.40. General Motors Company has a 52-week low of $57.55 and a 52-week high of $91.85.
General Motors (NYSE:GM – Get Free Report) (TSE:GMM.U) last released its 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 return on equity of 18.18% and a net margin of 1.05%. The business had revenue of $48.03 billion for the quarter, compared to analyst estimates of $47.01 billion. During the same quarter in the prior year, the company posted $2.53 earnings per share. General Motors’s 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. As a group, sell-side analysts forecast that General Motors Company will post 13.53 EPS for the current fiscal year.
General Motors Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Friday, September 4th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. General Motors’s payout ratio is 36.36%.
More General Motors News
Here are the key news stories impacting General Motors this week:
- Positive Sentiment: Analysts expect GM to beat third-quarter earnings estimates, supported by resilient vehicle demand, strategic pricing and higher deliveries. The company is among four automakers identified as having a favorable Earnings ESP setup. Q3 Auto Earnings Preview
- Positive Sentiment: GM is being highlighted as a strong value stock, which may attract investors as money moves away from richly valued technology shares. Its prior quarter also showed earnings and revenue above consensus estimates, although investors will focus on whether that momentum continued in Q3. GM Value Stock Analysis
- Positive Sentiment: GM’s expansion of higher-margin digital services, including OnStar and Super Cruise, could improve profitability beyond traditional vehicle sales. The company is also progressing toward eyes-off driving technology, with an anticipated launch in the 2028 Cadillac Escalade IQ. Developments Affecting Ford and GM
- Neutral Sentiment: GM is attracting unusually high investor attention ahead of its earnings release. That visibility can support trading interest, but the coverage itself does not change the company’s fundamentals. GM Trending Stock
- Neutral Sentiment: GlobalFoundries plans two New York semiconductor fabs backed by as much as $21 billion in Japanese funding, with GM listed among prospective customers before the facilities begin operating in 2029. The arrangement could strengthen long-term chip availability, but its financial impact is several years away. GlobalFoundries Chipmaking Deal
- Negative Sentiment: A proposed class-action lawsuit alleges GM concealed an engine defect that can cause failures. The claims remain allegations, but litigation, recalls or potential repair costs could create financial and reputational risks. GM Engine Defect Lawsuit
- Negative Sentiment: A recent analysis notes that GM’s stock has substantially outperformed the market even as vehicle sales remained roughly flat and profitability declined over the latest twelve months, raising concerns that valuation may be ahead of underlying business growth. GM Stock Performance Analysis
Insider Activity
In other General Motors news, CEO Mary Barra sold 318,448 shares of the business’s stock in a transaction that occurred 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $90.00, for a total value of $620,550.00. Following the sale, the chief accounting officer owned 18,899 shares in the company, valued at approximately $1,700,910. This represents a 26.73% 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 three months, insiders have sold 549,665 shares of company stock worth $49,010,828. Corporate insiders own 0.44% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price target on General Motors from $120.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Truist Financial set a $105.00 price objective on shares of General Motors in a report on Wednesday, October 7th. Wells Fargo & Company boosted their price objective on shares of General Motors from $60.00 to $61.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 22nd. Morgan Stanley increased their target price on shares of General Motors from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Finally, BNP Paribas Exane increased their target price on shares of General Motors from $102.00 to $112.00 and gave the stock an “outperform” rating in a report on Monday, August 31st. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, General Motors currently has an average rating of “Moderate Buy” and an average target price of $101.22.
Read Our Latest Research Report on GM
General Motors Company Profile
General Motors Company (NYSE: GM) is a global automotive company headquartered in Detroit, Michigan. Founded in 1908, GM designs, manufactures and sells vehicles and related services through brands including Chevrolet, Buick, GMC and Cadillac.
GM’s product lineup includes passenger cars, pickup trucks, sport utility vehicles, commercial vehicles and electric vehicles. The company is also developing connected-vehicle technologies, driver-assistance systems and charging and energy-management solutions.
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