General Motors Company $GM Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 1.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 8,559,990 shares of the auto manufacturer’s stock after purchasing an additional 101,885 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in General Motors were worth $659,804,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Cibc World Market Inc. boosted its holdings in shares of General Motors by 57.2% in the 4th quarter. Cibc World Market Inc. now owns 200,662 shares of the auto manufacturer’s stock valued at $16,318,000 after acquiring an additional 72,984 shares during the last quarter. Legal & General Group Plc acquired a new position in General Motors during the second quarter valued at $599,066,000. Janney Montgomery Scott LLC boosted its holdings in General Motors by 16.2% in the first quarter. Janney Montgomery Scott LLC now owns 202,172 shares of the auto manufacturer’s stock valued at $15,062,000 after purchasing an additional 28,163 shares during the last quarter. Bank of Nova Scotia purchased a new stake in General Motors in the second quarter valued at $63,428,000. Finally, Wilsey Asset Management Inc. grew its position in General Motors by 2.1% during the 2nd quarter. Wilsey Asset Management Inc. now owns 626,200 shares of the auto manufacturer’s stock worth $48,268,000 after purchasing an additional 12,617 shares during the period. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Stock Up 0.2%

Shares of GM opened at $86.31 on Friday. The firm has a market cap of $75.73 billion, a P/E ratio of 43.59, a PEG ratio of 0.39 and a beta of 1.30. General Motors Company has a 12 month low of $54.33 and a 12 month high of $91.85. The stock’s 50 day moving average is $82.54 and its two-hundred day moving average is $79.63. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 1.42.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last announced its earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $48.03 billion for the quarter, compared to analyst estimates of $47.01 billion. During the same quarter last year, the firm posted $2.53 EPS. The business’s revenue was up 1.9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Analysts predict that General Motors Company will post 13.29 earnings per share for the current fiscal year.

General Motors Announces Dividend

The business also recently disclosed 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. This represents a $0.72 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, September 4th. General Motors’s dividend payout ratio (DPR) is presently 36.36%.

General Motors News Summary

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

Analysts Set New Price Targets

GM has been the subject of several analyst reports. Barclays boosted their price objective on General Motors from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Benchmark reiterated a “buy” rating on shares of General Motors in a research report on Tuesday, July 21st. Jefferies Financial Group raised General Motors from a “hold” rating to a “buy” rating and boosted their price target for the company from $90.00 to $99.00 in a report on Monday, July 27th. Evercore reaffirmed an “outperform” rating and set a $100.00 price objective on shares of General Motors in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. increased their price target on shares of General Motors from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.41.

Read Our Latest Stock Report on General Motors

Insider Buying and Selling at General Motors

In related news, CEO Mary T. Barra sold 318,448 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $90.38, for a total value of $28,781,330.24. Following the transaction, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Mark L. Reuss sold 71,079 shares of General Motors stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $89.97, for a total value of $6,394,977.63. Following the completion of the sale, the president owned 92,293 shares in the company, valued at approximately $8,303,601.21. The trade was a 43.51% 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 quarter, insiders sold 669,486 shares of company stock valued at $59,205,537. Insiders own 0.44% of the company’s stock.

General Motors Company Profile

(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.

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

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