CIBC Asset Management Inc Buys 83,948 Shares of General Motors Company $GM

CIBC Asset Management Inc boosted its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 55.8% in the fourth quarter, Holdings Channel reports. The fund owned 234,323 shares of the auto manufacturer’s stock after purchasing an additional 83,948 shares during the quarter. CIBC Asset Management Inc’s holdings in General Motors were worth $19,055,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in GM. Norges Bank purchased a new stake in General Motors in the 4th quarter worth $918,724,000. Viking Global Investors LP boosted its stake in shares of General Motors by 81.1% during the 2nd quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock worth $640,659,000 after purchasing an additional 5,830,050 shares during the period. Life Cycle Investment Partners Ltd bought a new position in shares of General Motors during the fourth quarter valued at approximately $309,380,000. Two Sigma Investments LP boosted its holdings in General Motors by 348.4% during the 3rd quarter. Two Sigma Investments LP now owns 3,549,170 shares of the auto manufacturer’s stock valued at $216,393,000 after acquiring an additional 2,757,695 shares during the period. Finally, Worldquant Millennium Advisors LLC grew its position in General Motors by 436.8% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 2,658,525 shares of the auto manufacturer’s stock valued at $130,826,000 after acquiring an additional 2,163,274 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

General Motors Price Performance

GM opened at $83.26 on Friday. The company has a market capitalization of $75.08 billion, a price-to-earnings ratio of 33.57, a PEG ratio of 0.41 and a beta of 1.30. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.41. General Motors Company has a 12-month low of $46.81 and a 12-month high of $87.62. The business’s fifty day simple moving average is $77.55 and its 200-day simple moving average is $78.43.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.61 by $1.09. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The company had revenue of $43.62 billion during the quarter, compared to analyst estimates of $43.51 billion. During the same period in the prior year, the firm earned $2.78 earnings per share. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. On average, equities research analysts anticipate that General Motors Company will post 12.85 earnings per share for the current fiscal year.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, June 5th. General Motors’s dividend payout ratio is presently 29.03%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on GM shares. The Goldman Sachs Group decreased their target price on General Motors from $104.00 to $91.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Wedbush restated an “outperform” rating and issued a $95.00 price target on shares of General Motors in a report on Monday, May 11th. Royal Bank Of Canada decreased their price objective on shares of General Motors from $96.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Evercore reissued an “outperform” rating and issued a $100.00 price objective on shares of General Motors in a research report on Monday, May 4th. Finally, TD Cowen upped their target price on shares of General Motors from $122.00 to $126.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $95.65.

Insider Activity

In related news, EVP Rory Harvey sold 79,494 shares of General Motors stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $83.02, for a total transaction of $6,599,591.88. Following the transaction, the executive vice president directly owned 46,519 shares of the company’s stock, valued at $3,862,007.38. This trade represents a 63.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 that occurred on Thursday, May 28th. The stock was sold at an average price of $85.00, for a total transaction of $586,075.00. Following the completion of the transaction, the chief accounting officer directly owned 25,794 shares of the company’s stock, valued at $2,192,490. This trade represents a 21.09% decrease in their position. 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 ninety days, insiders have sold 577,567 shares of company stock worth $47,557,888. Corporate insiders own 0.54% of the company’s stock.

Trending Headlines about General Motors

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

• Positive Sentiment: Several recent articles framed GM as a solid long-term holding, citing stronger fundamentals, income potential, and growth characteristics that may be helping support the stock. Why General Motors (GM) is a Top Growth Stock for the Long-Term
• Positive Sentiment: GM was also highlighted in an industry outlook and a “hold despite weakness” article, which suggests analysts still see value in the shares even as the auto sector remains challenged. Zacks Industry Outlook Highlights General Motors and Ford
• Positive Sentiment: GM’s push to cut vehicle development time to about two years may be viewed as a competitive advantage, especially as automakers face tariff pressure, EV transitions, and tougher competition. GM developed its Hummer EV in 20 months. It wants that speed to be routine.
• Neutral Sentiment: GM Newsflow included product-development and brand stories around the Hummer EV, Silverado, and Hummer X concepts, but these appear more informational than immediately stock-moving. GMC Hummer EV Was Developed In 20 Months, GM Wants That To Be The Norm
• Neutral Sentiment: GM also announced supplier recognition for Aspen Aerogels, reinforcing its EV supply chain relationships, though the direct impact on shares is likely limited. Aspen Aerogels Named a 2025 Supplier of the Year by General Motors
• Negative Sentiment: A U.S. supplier strike is the biggest near-term risk, with reports saying it could disrupt production of GM pickups and other high-margin trucks if it continues. U.S. supplier strike may affect GM pickups, Canada-built Chryslers
• Negative Sentiment: Investor sentiment may also be pressured by insider selling headlines involving CEO Mary Barra and other executives, even though the transactions were disclosed as pre-arranged sales. Mary Barra Sells 23,000 Shares of General Motors (NYSE:GM) Stock
• Negative Sentiment: Some market commentary remained cautious, including a piece titled “3 Reasons to Avoid GM,” which could reflect lingering concerns about valuation or performance versus peers. 3 Reasons to Avoid GM and 1 Stock to Buy Instead

About General Motors

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.