Bank of America Corp DE Takes Position in General Motors Company $GM

Key Points

• Bank of America acquired 8.17 million GM shares worth approximately $629.5 million, giving it a 0.93% stake. Institutional investors collectively own 92.67% of the automaker.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $101.82. GM also exceeded quarterly earnings and revenue expectations while maintaining its fiscal 2026 earnings guidance.
• GM insiders sold roughly 549,665 shares worth $49.0 million over the past three months, including CEO Mary Barra’s $28.8 million sale under a pre-arranged Rule 10b5-1 plan. The company declared a quarterly dividend of $0.18 per share, equivalent to a 0.8% annualized yield.

Bank of America Corp DE bought a new position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,166,388 shares of the auto manufacturer's stock, valued at approximately $629,465,000. Bank of America Corp DE owned approximately 0.93% of General Motors at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. SouthState Bank Corp increased its position in shares of General Motors by 101.7% in the fourth quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer's stock worth $29,000 after acquiring an additional 177 shares in the last quarter. Evergreen Advisors LLC bought a new stake in General Motors during the 1st quarter worth approximately $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of General Motors during the 4th quarter valued at approximately $33,000. Burk Holdings LLC acquired a new position in shares of General Motors in the second quarter valued at approximately $31,000. Finally, Basepoint Wealth LLC purchased a new stake in shares of General Motors during the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

Analysts Set New Price Targets

GM has been the subject of a number of recent analyst reports. Barclays boosted their price target on shares of General Motors from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Wednesday, July 22nd. Citigroup upped their price objective on shares of General Motors from $108.00 to $131.00 and gave the company a "buy" rating in a research note on Monday, June 1st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $100.00 price objective on shares of General Motors in a research report on Wednesday, July 22nd. Morgan Stanley increased their target price on shares of General Motors from $100.00 to $101.00 and gave the stock an "overweight" rating in a report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of General Motors from $110.00 to $120.00 and gave the company an "overweight" rating in a research note on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $101.82.

Insider Activity at General Motors

In other news, CEO Mary Barra sold 318,448 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $90.38, for a total transaction of $28,781,330.24. Following the transaction, the chief executive officer owned 428,994 shares in the company, valued at $38,772,477.72. This represents a 42.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 8,882 shares of the company's 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 transaction, the executive vice president owned 28,513 shares in the company, valued at $2,479,205.35. The trade was a 23.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 549,665 shares of company stock worth $49,010,828. 0.44% of the stock is currently owned by corporate insiders.

General Motors Price Performance

NYSE:GM opened at $85.30 on Wednesday. General Motors Company has a 52 week low of $54.33 and a 52 week high of $91.85. The stock's fifty day moving average is $84.57 and its two-hundred day moving average is $80.05. The company has a market capitalization of $74.85 billion, a P/E ratio of 43.08, a P/E/G ratio of 0.49 and a beta of 1.32. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 1.42.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its 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. The firm had revenue of $48.03 billion for the quarter, compared to analyst estimates of $47.01 billion. General Motors had a return on equity of 18.18% and a net margin of 1.05%.General Motors's revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Equities analysts expect that General Motors Company will post 13.32 EPS for the current year.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be paid 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 dividend yield of 0.8%. General Motors's dividend payout ratio is 36.36%.

General Motors News Roundup

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

• Positive Sentiment: UBS upgraded GM to “strong buy” and raised its price target to $114 from $102. The firm said GM’s digital businesses—including recurring, potentially high-margin revenue from OnStar and Super Cruise—are undervalued growth assets. General Motors’ Digital Opportunity Underappreciated, UBS Says
• Positive Sentiment: GM unveiled a redesigned software experience for its 2027 Chevrolet Silverado and GMC Sierra pickups. The system is designed to make the native interface work alongside Apple CarPlay and Android Auto, addressing customer criticism of GM’s earlier decision to move away from smartphone-mirroring systems. GM Launching New Customer Software Experience
• Positive Sentiment: GM said it is targeting fully domestic battery-cell sourcing within two to three years and plans to use sodium-ion technology. The initiative could reduce exposure to Chinese supply chains and improve supply-chain resilience, although the financial benefits are longer term. GM Pursues Domestic Battery Supply Chain
• Neutral Sentiment: GM recently reported earnings above analyst expectations and maintained fiscal 2026 earnings guidance, providing fundamental support; however, no new earnings release appears to have driven the latest trading session.
• Negative Sentiment: The immediate catalyst for the decline is not clearly company-specific. GM’s larger move than the overall market indicates broad risk-off trading or profit-taking may have pressured the stock, potentially limiting the impact of the UBS upgrade and favorable product announcements. General Motors Registers a Bigger Fall Than the Market

About General Motors

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.

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