363,125 General Motors Company $GM Shares Purchased by Artemis Investment Management LLP

Artemis Investment Management LLP raised its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 20.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,138,403 shares of the auto manufacturer’s stock after purchasing an additional 363,125 shares during the quarter. General Motors accounts for about 1.3% of Artemis Investment Management LLP’s portfolio, making the stock its 18th biggest position. Artemis Investment Management LLP’s holdings in General Motors were worth $164,657,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of GM. BlackRock Inc. bought a new stake in General Motors during the second quarter worth $5,958,995,000. Dimensional Fund Advisors LP lifted its stake in General Motors by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,225,518 shares of the auto manufacturer’s stock valued at $1,059,668,000 after acquiring an additional 77,100 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in General Motors by 1.2% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,559,990 shares of the auto manufacturer’s stock worth $659,804,000 after acquiring an additional 101,885 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of General Motors in the 2nd quarter worth $629,465,000. Finally, Legal & General Group Plc bought a new stake in shares of General Motors in the 2nd quarter worth $599,066,000. Institutional investors own 92.67% of the company’s stock.

Analyst Ratings Changes

GM has been the topic of a number of recent analyst reports. Benchmark reissued a “buy” rating on shares of General Motors in a research report on Tuesday, July 21st. Royal Bank Of Canada lifted their target price on shares of General Motors from $94.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Truist Financial set a $105.00 target price on General Motors in a research note on Wednesday. Tigress Financial increased their price target on General Motors from $92.00 to $130.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 28th. Finally, Jefferies Financial Group upgraded General Motors from a “hold” rating to a “buy” rating and lifted their price target for the stock from $90.00 to $99.00 in a report on Monday, July 27th. One investment 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, General Motors presently has an average rating of “Moderate Buy” and an average price target of $102.26.

General Motors Stock Performance

GM traded up $0.52 during midday trading on Thursday, reaching $81.51. The company had a trading volume of 1,786,644 shares, compared to its average volume of 7,566,167. 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 cap of $71.52 billion, a PE ratio of 41.16, a P/E/G ratio of 0.45 and a beta of 1.40. General Motors Company has a 12-month low of $54.33 and a 12-month high of $91.85. The business has a 50-day moving average price of $85.04 and a two-hundred day moving average price of $80.74.

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 (EPS) for the quarter, topping the consensus estimate of $3.19 by $0.38. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The company had revenue of $48.03 billion during the quarter, compared to analyst estimates of $47.01 billion. During the same quarter last year, the business posted $2.53 EPS. General Motors’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, sell-side analysts expect that General Motors Company will post 13.52 earnings per share for the current fiscal year.

General Motors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Friday, September 4th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, September 4th. General Motors’s dividend payout ratio (DPR) is currently 36.36%.

Insider Transactions at General Motors

In related news, EVP Rory Harvey sold 8,882 shares of General Motors stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $86.95, for a total value of $772,289.90. Following the completion of the sale, the executive vice president owned 28,513 shares of the company’s stock, valued at approximately $2,479,205.35. This trade represents a 23.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Hatto sold 6,895 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer owned 18,899 shares in the company, valued at $1,700,910. This represents a 26.73% 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. Over the last 90 days, insiders sold 549,665 shares of company stock valued at $49,010,828. 0.44% of the stock is currently owned by insiders.

About General Motors

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.