General Motors (NYSE:GM – Free Report) (TSE:GMM.U) had its target price lowered by JPMorgan Chase & Co. from $120.00 to $110.00 in a research note published on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the auto manufacturer’s stock.
Several other equities analysts have also recently weighed in on the company. Truist Financial set a $105.00 price objective on General Motors in a research note on Wednesday, October 7th. TD Cowen reiterated a “hold” rating on shares of General Motors in a research note on Thursday, September 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $101.00 target price on shares of General Motors in a research note on Friday, October 9th. Tigress Financial increased their target price on shares of General Motors from $92.00 to $130.00 and gave the company a “strong-buy” rating in a report on Tuesday, July 28th. Finally, Royal Bank Of Canada increased their target price on shares of General Motors from $100.00 to $102.00 and gave the company an “outperform” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.22.
Check Out Our Latest Research Report on GM
General Motors Stock Down 1.2%
General Motors (NYSE:GM – Get Free Report) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.19 by $0.38. General Motors had a return on equity of 18.18% and a net margin of 1.05%. The business had revenue of $48.03 billion during the quarter, compared to the consensus estimate of $47.01 billion. During the same quarter in the prior year, the company posted $2.53 earnings per share. General Motors’s revenue was up 1.9% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Sell-side analysts expect that General Motors will post 13.54 EPS for the current fiscal year.
General Motors Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Friday, September 4th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. General Motors’s dividend payout ratio is currently 36.36%.
Insider Activity at General Motors
In other General Motors news, CEO Mary T. Barra sold 318,448 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $90.38, for a total value of $28,781,330.24. Following the transaction, the chief executive officer owned 428,994 shares of the company’s stock, valued at approximately $38,772,477.72. The trade was a 42.61% decrease in their ownership of the stock. 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, President Mark L. Reuss sold 71,079 shares of the business’s stock in a transaction on 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 transaction, the president directly owned 92,293 shares in the company, valued at approximately $8,303,601.21. This represents a 43.51% 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. Insiders sold a total of 549,665 shares of company stock valued at $49,010,828 in the last ninety days. Insiders own 0.44% of the company’s stock.
Institutional Investors Weigh In On General Motors
A number of hedge funds have recently made changes to their positions in GM. Evergreen Advisors LLC purchased a new position in shares of General Motors during the first quarter worth about $26,000. Comprehensive Financial Planning Inc. PA purchased a new stake in General Motors in the second quarter valued at approximately $31,000. Premier Financial Group purchased a new stake in General Motors in the second quarter valued at approximately $31,000. Burk Holdings LLC purchased a new stake in General Motors in the second quarter valued at approximately $31,000. Finally, Elevation Wealth Partners LLC lifted its position in General Motors by 70.6% during the second quarter. Elevation Wealth Partners LLC now owns 464 shares of the auto manufacturer’s stock valued at $36,000 after purchasing an additional 192 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.
General Motors News Roundup
Here are the key news stories impacting General Motors this week:
- Positive Sentiment: Defense and autonomous-driving expansion: GM Defense unveiled a driverless Chevrolet Silverado 3500HD-based military vehicle for potential U.S. Army applications. The prototype highlights GM’s autonomous-vehicle and defense capabilities, although it is not yet a material revenue contributor. Chevy Silverado 3500HD Goes Driverless as GM Defense Reveals Its Latest Military Innovations
- Positive Sentiment: Battery investment and jobs: GM and LG plan to invest in next-generation lithium manganese-rich EV battery production at GM’s Spring Hill, Tennessee, complex, potentially creating about 500 jobs. The project strengthens GM’s domestic EV supply chain and battery capacity. General Motors Plans 500 New Jobs At Tennessee Battery Plant
- Positive Sentiment: Driver-assistance roadmap reaffirmed: CEO Mary Barra reiterated GM’s plan to launch “eyes-off, hands-off” driving technology by 2028, supporting the company’s longer-term software and advanced driver-assistance strategy. General Motors CEO Reaffirms Plan To Launch Eyes Off Driving Technology By 2028
- Neutral Sentiment: Earnings are the next major catalyst: GM is scheduled to report third-quarter results before the market opens on October 20. Analysts expect year-over-year earnings growth, while recent forecasts place full-year 2026 EPS near $13.5. Small upward estimate revisions provide support, but investors may remain cautious until the results and outlook are released. General Motors Likely To Report Higher Q3 Earnings
- Negative Sentiment: Near-term pullback and event risk: GM recently advanced while the broader market weakened, leaving room for profit-taking. With earnings approaching, investors may be locking in gains or waiting for confirmation that EV investments, autonomous-driving spending and margins are translating into stronger results. The latest articles do not identify a new fundamental negative surprise.
General Motors Company Profile
General Motors Company (NYSE:GM) is a global automotive manufacturer headquartered in Detroit, Michigan. Founded in 1908, the company designs, manufactures and sells cars, trucks and sport utility vehicles under brands including Chevrolet, Buick, GMC and Cadillac.
GM serves customers primarily in North America and also operates in international markets. Its business includes gasoline-powered and electric vehicles, commercial and fleet vehicles, vehicle financing through GM Financial, and connected-vehicle services such as OnStar.
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