General Motors Company $GM Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 8.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 254,791 shares of the auto manufacturer’s stock after acquiring an additional 20,285 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in General Motors were worth $19,639,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in GM. Norges Bank acquired a new stake in General Motors in the 4th quarter valued at about $918,724,000. Viking Global Investors LP raised its position in General Motors by 81.1% during the second quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock worth $640,659,000 after acquiring an additional 5,830,050 shares during the last quarter. Life Cycle Investment Partners Ltd purchased a new stake in shares of General Motors in the fourth quarter valued at about $309,380,000. Two Sigma Investments LP grew its position in shares of General Motors by 348.4% in the third quarter. Two Sigma Investments LP now owns 3,549,170 shares of the auto manufacturer’s stock valued at $216,393,000 after purchasing an additional 2,757,695 shares during the last quarter. Finally, SEB Asset Management AB acquired a new stake in shares of General Motors in the first quarter valued at approximately $171,892,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GM has been the topic of a number of analyst reports. Royal Bank Of Canada increased their target price on General Motors from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $100.00 price target on shares of General Motors in a report on Wednesday, July 22nd. Mizuho reduced their price objective 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. Piper Sandler reiterated an “overweight” rating and set a $102.00 price objective on shares of General Motors in a research report on Wednesday, April 29th. Finally, Wells Fargo & Company boosted their target price on shares of General Motors from $60.00 to $61.00 and gave the company an “underweight” rating in a research note 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $101.41.

Key Headlines Impacting General Motors

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

• Positive Sentiment: An analyst raised fiscal 2027 EPS estimates for GM, signaling greater confidence in the automaker’s future profitability. FY2027 EPS Estimates for General Motors Raised by Analyst
• Positive Sentiment: Battery-cell production at GM and LG Energy Solution’s Ohio plant is scheduled to restart after a seven-month shutdown. The restart could improve capacity utilization and support GM’s electric-vehicle supply chain. Battery cell production at Ohio plant to restart for GM EVs
• Positive Sentiment: GM’s $4.5 billion supplier prepayment and parts-security facility is intended to ensure access to critical components and reduce the risk of production disruptions. GM sets up $4.5 billion supply chain prepayment facility

Insider Transactions at General Motors

In other news, President Mark L. Reuss sold 71,079 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $89.97, for a total transaction of $6,394,977.63. Following the transaction, the president directly owned 92,293 shares in the company, valued at $8,303,601.21. This represents a 43.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 8,882 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president directly owned 28,513 shares in the company, valued at $2,479,205.35. This represents a 23.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,247,053 shares of company stock worth $106,763,425 in the last quarter. 0.44% of the stock is currently owned by corporate insiders.

General Motors Stock Down 0.5%

GM stock opened at $86.29 on Friday. The company has a 50 day moving average price of $81.56 and a two-hundred day moving average price of $79.48. 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 has a market capitalization of $75.72 billion, a P/E ratio of 43.58, a PEG ratio of 0.40 and a beta of 1.30. General Motors Company has a one year low of $54.33 and a one year high of $91.85.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.19 by $0.38. General Motors had a return on equity of 18.18% and a net margin of 1.05%.The company 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 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. As a group, sell-side analysts expect that General Motors Company will post 13.29 EPS for the current year.

General Motors Announces Dividend

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

General Motors 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.