General Motors Company $GM Stake Increased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 16.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 202,172 shares of the auto manufacturer’s stock after purchasing an additional 28,163 shares during the quarter. Janney Montgomery Scott LLC’s holdings in General Motors were worth $15,062,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Franklin Resources Inc. grew its stake in General Motors by 2.7% during the 4th quarter. Franklin Resources Inc. now owns 32,158,403 shares of the auto manufacturer’s stock valued at $2,615,121,000 after acquiring an additional 835,645 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of General Motors by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 22,242,381 shares of the auto manufacturer’s stock worth $1,802,668,000 after purchasing an additional 267,477 shares in the last quarter. Capital World Investors boosted its holdings in shares of General Motors by 7.8% during the fourth quarter. Capital World Investors now owns 19,536,049 shares of the auto manufacturer’s stock worth $1,588,688,000 after purchasing an additional 1,405,530 shares during the period. AQR Capital Management LLC grew its position in General Motors by 5.5% during the third quarter. AQR Capital Management LLC now owns 14,252,689 shares of the auto manufacturer’s stock valued at $868,986,000 after purchasing an additional 748,831 shares in the last quarter. Finally, Morgan Stanley grew its position in General Motors by 3.9% during the fourth quarter. Morgan Stanley now owns 13,191,028 shares of the auto manufacturer’s stock valued at $1,072,695,000 after purchasing an additional 494,404 shares in the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Price Performance

Shares of NYSE:GM opened at $75.54 on Thursday. The stock has a market capitalization of $68.11 billion, a P/E ratio of 30.46, a P/E/G ratio of 0.39 and a beta of 1.31. The business has a 50-day moving average of $79.14 and a two-hundred day moving average of $79.34. General Motors Company has a fifty-two week low of $48.87 and a fifty-two week high of $87.62. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.15 and a quick ratio of 0.99.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $2.61 by $1.09. General Motors had a return on equity of 16.68% and a net margin of 1.38%.The business had revenue of $43.62 billion for the quarter, compared to analyst estimates of $43.51 billion. During the same quarter in the prior year, the firm posted $2.78 EPS. The firm’s revenue for the quarter was down .9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. On average, equities research analysts predict that General Motors Company will post 12.85 EPS for the current fiscal year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, June 5th. General Motors’s dividend payout ratio (DPR) is 29.03%.

Insider Activity

In related news, EVP Rory Harvey sold 79,494 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $83.02, for a total value of $6,599,591.88. Following the transaction, the executive vice president directly owned 46,519 shares in the company, valued at approximately $3,862,007.38. This trade represents a 63.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 215,391 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $80.01, for a total transaction of $17,233,433.91. Following the transaction, the chief executive officer directly owned 770,491 shares of the company’s stock, valued at approximately $61,646,984.91. This represents a 21.85% 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 697,388 shares of company stock valued at $57,752,596 over the last 90 days. 0.54% of the stock is currently owned by company insiders.

Key Headlines Impacting General Motors

Here are the key news stories impacting General Motors this week:

• Positive Sentiment: Micron signed a long-term supply agreement with General Motors, which suggests GM continues to secure key supplier relationships that could support future production and technology needs. Micron Signs Long-Term Supply Deal With GM
• Positive Sentiment: Analysts continue to highlight GM as an attractive value stock, and Wall Street sentiment remains relatively constructive, which can help support investor confidence. Wall Street Bulls Look Optimistic About General Motors (GM): Should You Buy?
• Neutral Sentiment: GM continues to appear on value-screen and low price-to-book stock lists, reinforcing that the shares may screen cheaply versus peers, but this is not an immediate catalyst. 5 Low P/B Stocks That Investors Can Add to Their Portfolio in July
• Negative Sentiment: GM reported a 4.2% drop in second-quarter U.S. sales, with EV sales down sharply year over year, raising concerns about near-term demand and growth momentum. GM’s second-quarter US auto sales fall 4%
• Negative Sentiment: News that GM’s EV demand and Silverado sales weakened reinforced worries that the company is facing softer consumer demand and a cooling EV market. GM reports 4.2% decline in Q2 U.S. sales as EV demand falls

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wolfe Research upgraded shares of General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 target price for the company in a research report on Wednesday, March 25th. Mizuho dropped their price target on shares of General Motors from $105.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. TD Cowen lifted their price objective on General Motors from $122.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Wells Fargo & Company upped their target price on General Motors from $59.00 to $60.00 and gave the stock an “underweight” rating in a research report on Thursday, June 25th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $102.00 price target on shares of General Motors in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, General Motors presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.70.

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.