Proficio Capital Partners LLC acquired a new stake in General Motors Company (NYSE:GM – Free Report) (TSE:GMM.U) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 20,786 shares of the auto manufacturer’s stock, valued at approximately $1,602,000.
Other large investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of General Motors in the second quarter valued at $5,958,995,000. Norges Bank bought a new stake in General Motors during the fourth quarter worth $918,724,000. Bank of America Corp DE acquired a new stake in General Motors in the second quarter valued at $629,465,000. Legal & General Group Plc acquired a new stake in General Motors in the second quarter valued at $599,066,000. Finally, Bank of New York Mellon Corp bought a new position in shares of General Motors in the 2nd quarter valued at about $522,916,000. 92.67% of the stock is owned by institutional investors and hedge funds.
More General Motors News
Here are the key news stories impacting General Motors this week:
- Positive Sentiment: Reduced Canadian strike risk: GM and Unifor reached tentative three-year agreements covering more than 4,600 Ontario workers. If ratified on August 29–30, the deals should improve production continuity and provide greater visibility into near-term labor costs. How Investors Are Reacting To General Motors Reduced Strike Risk After Unifor Labor Deal
- Positive Sentiment: Strong operating setup: An analysis highlighted GM’s robust internal-combustion truck and SUV franchise, aggressive shareholder returns and long-term access to all Phase 1 output from the Thacker Pass lithium mine. The company’s latest quarter also exceeded expectations, with approximately $48 billion in revenue, $3.57 adjusted EPS and $5 billion in free cash flow. General Motors Great Setup Heading Into 2027
- Positive Sentiment: 2027 product updates: GM is making significant changes across several major Chevrolet and GMC models, including updates to its SUV lineup. Refreshing high-volume vehicles could help protect its market share and support pricing. GM Is Making Major Changes to Some of Its Biggest Models in 2027
- Neutral Sentiment: EV charging compatibility: GM’s 2027 EVs will adopt Tesla-style charging ports, but drivers may still need two adapters. The move improves access to charging infrastructure, though the adapter requirement could limit the customer experience. GM’s 2027 EVs Get Tesla-Style Ports but Still Need Two Adapters
- Negative Sentiment: Brake-system investigation: Federal regulators are examining potential braking problems in more than 1.1 million GM vehicles equipped with eBoost brake-by-wire systems. A recall, repair costs, litigation or reputational damage could weigh on earnings if regulators identify a defect. What Does General Motors Face in the 1.1 Million Vehicle Brake Probe?
- Negative Sentiment: Employment-related litigation: GM is facing an age-discrimination lawsuit challenging its white-collar performance-review system, creating potential legal costs and reputational risk. GM Sued Over White-Collar Review System
Wall Street Analysts Forecast Growth
Insider Activity at General Motors
In other General Motors news, EVP Grant Michael Dixton sold 40,000 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was 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 directly owned 54,992 shares in the company, valued at $4,863,492.48. This represents a 42.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Hatto sold 6,895 shares of General Motors stock in a transaction on Tuesday, July 28th. The shares were 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 in the company, valued at approximately $1,700,910. The trade was a 26.73% decrease in their position. 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. Insiders have sold a total of 692,486 shares of company stock worth $61,160,537 in the last 90 days. Corporate insiders own 0.44% of the company’s stock.
General Motors Stock Performance
Shares of NYSE:GM opened at $86.25 on Thursday. General Motors Company has a 12-month low of $54.33 and a 12-month high of $91.85. The company’s 50 day moving average price is $82.27 and its two-hundred day moving average price is $79.57. The firm has a market cap of $75.68 billion, a PE ratio of 43.56, a PEG ratio of 0.39 and a beta of 1.30. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 1.42.
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 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 return on equity of 18.18% and a net margin of 1.05%.The company’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company earned $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Equities research analysts predict that General Motors Company will post 13.29 earnings per share for the current year.
General Motors Dividend Announcement
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 given a $0.18 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. General Motors’s payout ratio is presently 36.36%.
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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