General Motors Company $GM Stock: First Citizens Bank & Trust Co. Boosts Position

First Citizens Bank & Trust Co. lifted its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 246.7% in the third quarter, Holdings Channel.com reports. The fund owned 14,640 shares of the auto manufacturer’s stock after purchasing an additional 10,417 shares during the period. First Citizens Bank & Trust Co.’s holdings in General Motors were worth $1,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Evergreen Advisors LLC bought a new stake in shares of General Motors during the 1st quarter valued at $26,000. Comprehensive Financial Planning Inc. PA bought a new position in General Motors in the 2nd quarter worth about $31,000. Premier Financial Group bought a new position in General Motors in the 2nd quarter worth about $31,000. Burk Holdings LLC bought a new position in General Motors in the 2nd quarter worth about $31,000. Finally, Elevation Wealth Partners LLC grew its holdings in General Motors by 70.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 464 shares of the auto manufacturer’s stock valued at $36,000 after buying an additional 192 shares in the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

General Motors Trading Up 0.7%

Shares of GM stock opened at $83.64 on Friday. The company has a market capitalization of $73.39 billion, a PE ratio of 6.60, a price-to-earnings-growth ratio of 0.46 and a beta of 1.40. General Motors Company has a 52-week low of $56.81 and a 52-week high of $91.85. The business’s fifty day moving average is $84.41 and its 200 day moving average is $81.08. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.97 and a current ratio of 1.14.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its 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 business had revenue of $48.03 billion for the quarter, compared to analyst estimates of $47.01 billion. During the same period in the prior year, the company earned $2.53 EPS. The company’s quarterly revenue 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. On average, equities research analysts anticipate that General Motors Company will post 13.54 EPS for the current fiscal year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Friday, September 4th were issued 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 presently 36.36%.

Key Headlines Impacting General Motors

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

• Positive Sentiment: GM is developing higher-margin digital services for retail customers through OnStar and Super Cruise. Management says its first “eyes-off” driving system is expected on the 2028 Cadillac Escalade IQ, potentially creating recurring revenue and improving automotive margins. 2 Revolutionary Developments That Should Change Your Investing Thesis on Ford and General Motors
• Positive Sentiment: GM Defense has unveiled a driverless Silverado 3500HD-based military vehicle. The project broadens GM’s exposure to defense and autonomous-vehicle markets, although its financial contribution is not yet clear. Chevy Silverado 3500HD Goes Driverless as GM Defense Reveals Its Latest Military Innovations
• Positive Sentiment: GM has established direct-to-foundry supply agreements with GlobalFoundries for automotive-grade chips used in future vehicle architectures and driver-assistance systems. The arrangement could improve supply-chain visibility as vehicle electronics become more complex. GlobalFoundries’ $21 Billion Deal Could Change the Economics of Chipmaking

Analysts Set New Price Targets

GM has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $101.00 price target on shares of General Motors in a research report on Friday, October 9th. JPMorgan Chase & Co. lowered their price target on shares of General Motors from $120.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday. Tigress Financial raised their price objective on shares of General Motors from $92.00 to $130.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 28th. The Goldman Sachs Group raised their price objective on shares of General Motors from $103.00 to $112.00 and gave the company a “buy” rating in a research report on Tuesday, October 6th. Finally, BNP Paribas Exane boosted their price objective on shares of General Motors from $102.00 to $112.00 and gave the company an “outperform” rating in a research note on Monday, August 31st. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $101.22.

Insider Activity at General Motors

In related news, CAO Christopher Hatto sold 6,895 shares of the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 18,899 shares in the company, valued at approximately $1,700,910. This represents a 26.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary Barra sold 318,448 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $90.38, for a total transaction of $28,781,330.24. Following the completion of the transaction, the chief executive officer owned 428,994 shares in the company, valued at approximately $38,772,477.72. This trade represents a 42.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 549,665 shares of company stock valued at $49,010,828 in the last ninety days. Insiders own 0.44% of the company’s stock.

General Motors Profile

General Motors Company (NYSE:GM) is a global automotive manufacturer headquartered in Detroit, Michigan. Founded in 1908, the company designs, manufactures and sells cars, trucks and sport utility vehicles under brands including Chevrolet, Buick, GMC and Cadillac.

GM serves customers primarily in North America and also operates in international markets. Its business includes gasoline-powered and electric vehicles, commercial and fleet vehicles, vehicle financing through GM Financial, and connected-vehicle services such as OnStar.