The Manufacturers Life Insurance Company Trims Holdings in General Motors Company $GM

The Manufacturers Life Insurance Company reduced its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 17.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 452,157 shares of the auto manufacturer’s stock after selling 95,359 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in General Motors were worth $34,852,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in GM. Cibc World Market Inc. increased its stake in General Motors by 57.2% during the fourth quarter. Cibc World Market Inc. now owns 200,662 shares of the auto manufacturer’s stock worth $16,318,000 after purchasing an additional 72,984 shares during the period. Legal & General Group Plc purchased a new position in shares of General Motors in the second quarter valued at approximately $599,066,000. Janney Montgomery Scott LLC boosted its stake in shares of 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 period. NEOS Investment Management LLC grew its holdings in shares of General Motors by 8.8% in the second quarter. NEOS Investment Management LLC now owns 146,561 shares of the auto manufacturer’s stock valued at $11,297,000 after purchasing an additional 11,901 shares in the last quarter. Finally, Bank of Nova Scotia acquired a new stake in General Motors during the 2nd quarter worth approximately $63,428,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GM. Morgan Stanley upped their price objective on General Motors from $100.00 to $101.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of General Motors in a report on Friday, July 17th. JPMorgan Chase & Co. boosted 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. Barclays lifted their price objective on shares of General Motors from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Finally, The Goldman Sachs Group increased their target price on General Motors from $91.00 to $103.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $101.41.

Insider Buying and Selling

In other news, President Mark L. Reuss sold 71,079 shares of the business’s 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 directly owned 92,293 shares of the company’s stock, valued at approximately $8,303,601.21. The trade was a 43.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 company’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 directly owned 18,899 shares of the company’s stock, valued at approximately $1,700,910. This trade represents a 26.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 648,904 shares of company stock valued at $57,456,067 over the last ninety days. Company insiders own 0.44% of the company’s stock.

Key Headlines Impacting General Motors

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

• Positive Sentiment: Analyst estimates edged higher: Erste Group Bank raised its FY2026 EPS forecast to $13.52 from $13.45 and its FY2027 estimate to $15.10 from $15.07. The FY2026 forecast is above the $13.31 consensus, offering a modest positive signal for GM’s earnings outlook. MarketBeat GM analyst estimates
• Positive Sentiment: Manufacturing investment reinforces GM’s operating base: The company plans to invest $40 million in its Bedford, Indiana, casting operations to support transmission production. The spending could improve production capabilities and utilization, although it is not expected to materially change near-term earnings. GM Bedford casting investment article
• Positive Sentiment: Value-stock positioning may support investor interest: Zacks highlighted GM’s value characteristics, while separate coverage described the company as a trending stock. These reports may attract bargain-focused investors, though they do not represent new company guidance or a fundamental catalyst. Zacks GM value-stock analysis

General Motors Stock Down 0.7%

GM stock opened at $85.54 on Friday. 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 Company has a twelve month low of $54.33 and a twelve month high of $91.85. The company’s 50 day moving average is $84.20 and its two-hundred day moving average is $79.99. The stock has a market cap of $75.06 billion, a P/E ratio of 43.20, a PEG ratio of 0.48 and a beta of 1.32.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share (EPS) for the quarter, beating 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 business had revenue of $48.03 billion during the quarter, compared to analysts’ expectations of $47.01 billion. During the same quarter in the prior year, the business posted $2.53 EPS. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Research analysts expect that General Motors Company will post 13.32 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors 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 dividend on an annualized basis and a yield of 0.8%. General Motors’s payout ratio is 36.36%.

General Motors Company Profile

General Motors Company (NYSE: GM) is a global automotive company headquartered in Detroit, Michigan. Founded in 1908, GM designs, manufactures and sells cars, trucks and sport utility vehicles through its Chevrolet, Buick, GMC and Cadillac brands.

GM’s product portfolio includes gasoline-powered and electric vehicles, full-size pickup trucks, commercial vehicles and luxury automobiles. The company is developing battery-electric and other advanced vehicle technologies, while also offering connected-vehicle services through its OnStar platform.