Principle Wealth Partners LLC Buys New Holdings in General Motors Company $GM

Principle Wealth Partners LLC purchased a new position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 8,155 shares of the auto manufacturer’s stock, valued at approximately $629,000.

A number of other large investors have also bought and sold shares of GM. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of General Motors during the second quarter valued at approximately $170,151,000. OneDigital Investment Advisors LLC purchased a new position in shares of General Motors in the second quarter worth $459,000. Plato Investment Management Ltd purchased a new position in shares of General Motors in the second quarter worth $3,528,000. Bell Investment Advisors Inc bought a new stake in General Motors during the 2nd quarter valued at $86,000. Finally, AMG National Trust Bank purchased a new stake in General Motors during the 2nd quarter valued at $200,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other General Motors news, EVP Rory Harvey sold 8,882 shares of General Motors 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 sale, the executive vice president directly owned 28,513 shares of the company’s stock, valued at approximately $2,479,205.35. The trade was a 23.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 company’s stock in a transaction that occurred 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 transaction, the president owned 92,293 shares in the company, valued at $8,303,601.21. This trade represents a 43.51% 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. Insiders sold a total of 1,247,053 shares of company stock valued at $106,763,425 over the last ninety days. 0.44% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

GM has been the topic of a number of recent analyst reports. Tigress Financial raised their price target on shares of General Motors from $92.00 to $130.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 28th. Benchmark reaffirmed a “buy” rating on shares of General Motors in a research note on Tuesday, July 21st. Wall Street Zen upgraded shares of General Motors from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. TD Cowen raised their target price on General Motors from $126.00 to $132.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Finally, Mizuho reduced their price target on General Motors from $105.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $101.41.

General Motors Stock Down 2.7%

Shares of General Motors stock opened at $84.45 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 1.42. The company’s fifty day simple moving average is $81.67 and its two-hundred day simple moving average is $79.52. The company has a market cap of $74.10 billion, a P/E ratio of 42.65, a PEG ratio of 0.40 and a beta of 1.30. General Motors Company has a 12-month low of $54.33 and a 12-month high of $91.85.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 EPS for the quarter, topping the consensus estimate of $3.19 by $0.38. The firm had revenue of $48.03 billion during the quarter, compared to analysts’ expectations of $47.01 billion. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company posted $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Research analysts anticipate that General Motors Company will post 13.29 EPS for the current 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 paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, September 4th. General Motors’s dividend payout ratio is presently 36.36%.

General Motors Company Profile

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.