15,259 Shares in General Motors Company $GM Bought by Redwood Investment Management LLC

Key Points

• Redwood Investment Management bought a new 15,259-share stake in General Motors valued at approximately $1.18 million. Institutional investors collectively own 92.67% of GM’s outstanding shares.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $101.41. GM recently exceeded quarterly earnings and revenue expectations, reporting $3.57 in EPS on $48.03 billion in revenue.
• GM announced a quarterly dividend of $0.18 per share, equal to an annualized $0.72 dividend and a 0.8% yield. Meanwhile, insiders sold 692,486 shares worth about $61.2 million over the past 90 days, primarily through pre-arranged Rule 10b5-1 plans.

Redwood Investment Management LLC bought a new stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 15,259 shares of the auto manufacturer's stock, valued at approximately $1,176,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GM. Cibc World Market Inc. boosted its stake in General Motors by 57.2% during the 4th 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 last quarter. Legal & General Group Plc acquired a new stake in shares of General Motors in the second quarter valued at about $599,066,000. Janney Montgomery Scott LLC lifted 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 worth $15,062,000 after buying an additional 28,163 shares in the last quarter. Bank of Nova Scotia acquired a new position in General Motors during the second quarter worth about $63,428,000. Finally, Leonteq Securities AG purchased a new stake in General Motors during the 4th quarter valued at about $17,753,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GM. TD Cowen boosted their target price on General Motors from $126.00 to $132.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. The Goldman Sachs Group boosted their price target on shares of General Motors from $91.00 to $103.00 and gave the company a "buy" rating in a research report on Wednesday, July 22nd. Wells Fargo & Company raised their price objective on shares of General Motors from $60.00 to $61.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 22nd. Piper Sandler reiterated an "overweight" rating and issued a $102.00 target price on shares of General Motors in a report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $100.00 price target on shares of General Motors in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $101.41.

Insider Activity at General Motors

In other news, President Mark L. Reuss sold 71,079 shares of the firm's stock in a transaction on 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 transaction, the president directly owned 92,293 shares in the company, valued at $8,303,601.21. This trade represents a 43.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Grant Michael Dixton sold 40,000 shares of General Motors stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $88.44, for a total value of $3,537,600.00. Following the completion of the sale, the executive vice president directly owned 54,992 shares of the company's stock, valued at $4,863,492.48. The trade was a 42.11% 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 sold 692,486 shares of company stock valued at $61,160,537 over the last ninety days. 0.44% of the stock is owned by insiders.

General Motors Stock Up 0.5%

Shares of NYSE:GM opened at $86.25 on Thursday. The company has a market capitalization of $75.68 billion, a price-to-earnings ratio of 43.56, a PEG ratio of 0.39 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. The business has a 50-day moving average price of $82.27 and a 200 day moving average price of $79.57. 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: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 for the quarter, beating analysts' consensus estimates of $3.19 by $0.38. The business 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 business's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the business earned $2.53 earnings per share. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Sell-side analysts expect that General Motors Company will post 13.29 EPS for the current year.

General Motors Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 0.8%. General Motors's payout ratio is presently 36.36%.

General Motors News Roundup

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

• Positive Sentiment: Reduced Canadian strike risk: GM and Unifor reached tentative three-year agreements covering more than 4,600 Ontario workers. If ratified on August 29–30, the deals should improve production continuity and provide greater visibility into near-term labor costs. How Investors Are Reacting To General Motors Reduced Strike Risk After Unifor Labor Deal
• Positive Sentiment: Strong operating setup: An analysis highlighted GM’s robust internal-combustion truck and SUV franchise, aggressive shareholder returns and long-term access to all Phase 1 output from the Thacker Pass lithium mine. The company’s latest quarter also exceeded expectations, with approximately $48 billion in revenue, $3.57 adjusted EPS and $5 billion in free cash flow. General Motors Great Setup Heading Into 2027
• Positive Sentiment: 2027 product updates: GM is making significant changes across several major Chevrolet and GMC models, including updates to its SUV lineup. Refreshing high-volume vehicles could help protect its market share and support pricing. GM Is Making Major Changes to Some of Its Biggest Models in 2027
• Neutral Sentiment: EV charging compatibility: GM’s 2027 EVs will adopt Tesla-style charging ports, but drivers may still need two adapters. The move improves access to charging infrastructure, though the adapter requirement could limit the customer experience. GM’s 2027 EVs Get Tesla-Style Ports but Still Need Two Adapters
• Negative Sentiment: Brake-system investigation: Federal regulators are examining potential braking problems in more than 1.1 million GM vehicles equipped with eBoost brake-by-wire systems. A recall, repair costs, litigation or reputational damage could weigh on earnings if regulators identify a defect. What Does General Motors Face in the 1.1 Million Vehicle Brake Probe?
• Negative Sentiment: Employment-related litigation: GM is facing an age-discrimination lawsuit challenging its white-collar performance-review system, creating potential legal costs and reputational risk. GM Sued Over White-Collar Review System

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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