United Capital Financial Advisors LLC Makes New $3.70 Million Investment in General Motors Company $GM

United Capital Financial Advisors LLC bought a new stake in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 47,955 shares of the auto manufacturer’s stock, valued at approximately $3,696,000.

A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. bought a new position in General Motors during the second quarter valued at approximately $5,958,995,000. Franklin Resources Inc. raised 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 buying an additional 835,645 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of General Motors by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 22,242,381 shares of the auto manufacturer’s stock valued at $1,802,668,000 after buying an additional 267,477 shares during the period. Capital World Investors boosted its stake in shares of General Motors by 7.8% in the 4th quarter. Capital World Investors now owns 19,536,049 shares of the auto manufacturer’s stock worth $1,588,688,000 after buying an additional 1,405,530 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of General Motors by 5.5% in the 3rd quarter. AQR Capital Management LLC now owns 14,252,689 shares of the auto manufacturer’s stock worth $868,986,000 after buying an additional 748,831 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Evercore reissued an “outperform” rating and issued a $100.00 target price on shares of General Motors in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $100.00 price objective on shares of General Motors in a research note on Wednesday, July 22nd. Barclays raised their price objective on shares of General Motors from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Wall Street Zen raised shares of General Motors from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Jefferies Financial Group upgraded shares of General Motors from a “hold” rating to a “buy” rating and increased their price target for the stock from $90.00 to $99.00 in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, General Motors presently has a consensus rating of “Moderate Buy” and an average price target of $101.41.

Read Our Latest Research Report on General Motors

General Motors Stock Performance

Shares of GM opened at $86.31 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 1.42. The business has a 50-day simple moving average of $82.54 and a two-hundred day simple moving average of $79.63. The stock has a market cap of $75.73 billion, a price-to-earnings ratio of 43.59, a PEG ratio of 0.39 and a beta of 1.30. General Motors Company has a 52 week low of $54.33 and a 52 week high of $91.85.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.19 by $0.38. The firm had revenue of $48.03 billion for the quarter, compared to analysts’ expectations of $47.01 billion. General Motors had a return on equity of 18.18% and a net margin of 1.05%.The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. On average, analysts expect that General Motors Company will post 13.29 EPS for the current year.

General Motors Dividend Announcement

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

Key Headlines Impacting General Motors

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

Insider Buying and Selling at General Motors

In other General Motors news, President Mark L. Reuss sold 71,079 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $89.97, for a total value of $6,394,977.63. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 318,448 shares of the stock in a transaction 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 completion of the sale, the chief executive officer directly owned 428,994 shares of the company’s stock, valued at approximately $38,772,477.72. This trade represents a 42.61% decrease in their ownership of the stock. 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. Over the last three months, 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.

About General Motors

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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