Corient Private Wealth LP Invests $21.25 Million in General Motors Company $GM

Corient Private Wealth LP purchased a new stake in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 275,727 shares of the auto manufacturer’s stock, valued at approximately $21,253,000.

Other large investors have also recently added to or reduced their stakes in the company. Perennial Investment Advisors LLC acquired a new position in General Motors during the 2nd quarter worth $726,000. Ausdal Financial Partners Inc. acquired a new stake in shares of General Motors in the 2nd quarter valued at about $698,000. Bank of America Corp DE acquired a new stake in shares of General Motors in the 2nd quarter valued at about $629,465,000. Caisse de depot et placement du Quebec bought a new position in shares of General Motors during the second quarter worth about $265,953,000. Finally, Odyssean LLC acquired a new position in General Motors in the second quarter worth about $348,000. 92.67% of the stock is currently owned by institutional investors.

More General Motors News

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

Insider Buying and Selling

In other news, EVP Rory Harvey sold 8,882 shares of the company’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $86.95, for a total transaction of $772,289.90. Following the completion of the transaction, the executive vice president owned 28,513 shares in the company, valued at approximately $2,479,205.35. This represents a 23.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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, President Mark L. Reuss sold 71,079 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $89.97, for a total transaction of $6,394,977.63. Following the completion of the sale, the president directly owned 92,293 shares in the company, valued at approximately $8,303,601.21. This trade represents a 43.51% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 669,486 shares of company stock valued at $59,205,537 in the last three months. 0.44% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

GM has been the subject of several research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of General Motors in a report on Friday, July 17th. TD Cowen boosted their price target on General Motors from $126.00 to $132.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Wells Fargo & Company upped their price target on 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 objective on shares of General Motors in a research note on Wednesday, July 22nd. Finally, Barclays boosted their target price on shares of General Motors from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. One 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $101.41.

Check Out Our Latest Research Report on General Motors

General Motors Stock Up 0.2%

NYSE:GM opened at $86.31 on Friday. The firm has a market capitalization of $75.73 billion, a PE ratio of 43.59, a price-to-earnings-growth ratio of 0.39 and a beta of 1.30. The stock has a 50 day moving average of $82.54 and a 200-day moving average of $79.63. General Motors Company has a 52 week low of $54.33 and a 52 week high of $91.85. 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 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 business had revenue of $48.03 billion for 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% on a year-over-year basis. During the same period in the prior year, the firm earned $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Analysts predict that General Motors Company will post 13.29 EPS for the current year.

General Motors Announces Dividend

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

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.

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

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