Maple Rock Capital Partners Inc. Takes $38.50 Million Position in General Motors Company $GM

Maple Rock Capital Partners Inc. bought a new position in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 499,497 shares of the auto manufacturer’s stock, valued at approximately $38,501,000. Maple Rock Capital Partners Inc. owned about 0.06% of General Motors as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of GM. Brighton Jones LLC boosted its holdings in shares of General Motors by 456.1% in the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock worth $2,062,000 after buying an additional 31,755 shares during the period. Sivia Capital Partners LLC grew its position in General Motors by 61.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 18,548 shares of the auto manufacturer’s stock worth $913,000 after purchasing an additional 7,058 shares in the last quarter. Baird Financial Group Inc. raised its stake in General Motors by 4.8% during the 2nd quarter. Baird Financial Group Inc. now owns 37,524 shares of the auto manufacturer’s stock valued at $1,847,000 after purchasing an additional 1,706 shares during the period. Jump Financial LLC lifted its holdings in shares of General Motors by 45.7% in the second quarter. Jump Financial LLC now owns 25,366 shares of the auto manufacturer’s stock valued at $1,248,000 after purchasing an additional 7,951 shares in the last quarter. Finally, AXA S.A. grew its holdings in shares of General Motors by 69.4% during the second quarter. AXA S.A. now owns 66,547 shares of the auto manufacturer’s stock valued at $3,275,000 after buying an additional 27,270 shares in the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GM has been the topic of several recent analyst reports. Evercore reissued an “outperform” rating and set a $100.00 price target on shares of General Motors in a research report on Monday, May 4th. Wells Fargo & Company boosted their price objective on shares of General Motors from $60.00 to $61.00 and gave the company an “underweight” rating in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $100.00 price target on shares of General Motors in a report on Wednesday, July 22nd. JPMorgan Chase & Co. upped their target price on General Motors from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of General Motors in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $101.41.

Check Out Our Latest Stock Analysis on General Motors

General Motors Trading Down 0.0%

General Motors stock opened at $86.26 on Tuesday. General Motors Company has a one year low of $54.33 and a one year high of $91.85. The company’s fifty day moving average price is $82.66 and its two-hundred day moving average price is $79.67. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.14 and a quick ratio of 0.97. The company has a market capitalization of $75.69 billion, a price-to-earnings ratio of 43.57, a PEG ratio of 0.39 and a beta of 1.30.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last announced 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. The company had revenue of $48.03 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.53 earnings per share. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. On average, analysts forecast that General Motors Company will post 13.29 earnings per share for the current fiscal year.

General Motors Dividend Announcement

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

Insider Activity

In other General Motors news, EVP Rory Harvey sold 8,882 shares of the 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 transaction, the executive vice president owned 28,513 shares in the company, valued at $2,479,205.35. This trade represents a 23.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 318,448 shares of General Motors stock in a transaction that occurred on Tuesday, July 28th. The shares were 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 directly owned 428,994 shares in the company, valued at approximately $38,772,477.72. This represents a 42.61% decrease in their position. 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 ninety days, insiders have sold 669,486 shares of company stock valued at $59,205,537. Insiders own 0.44% of the company’s stock.

General Motors News Summary

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

General Motors 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.

See Also

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

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