BlackRock Inc. Invests $5.96 Billion in General Motors Company $GM

Key Points

• BlackRock acquired 77.3 million GM shares worth approximately $5.96 billion, giving it an 8.81% stake. Institutional investors collectively own 92.67% of General Motors.
• GM exceeded quarterly expectations with adjusted EPS of $3.57 versus the $3.19 consensus and revenue of $48.03 billion. The company reaffirmed fiscal 2026 EPS guidance of $12.00–$14.00.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $101.41, while GM declared a quarterly dividend of $0.18 per share, representing a 0.9% yield.

BlackRock Inc. acquired a new position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 77,309,218 shares of the auto manufacturer's stock, valued at approximately $5,958,995,000. BlackRock Inc. owned 8.81% of General Motors at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Laurel Wealth Advisors LLC purchased a new position in General Motors in the fourth quarter worth about $25,000. Evergreen Advisors LLC bought a new stake in shares of General Motors during the 1st quarter valued at about $26,000. SouthState Bank Corp increased its position in shares of General Motors by 101.7% during the 4th quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer's stock valued at $29,000 after purchasing an additional 177 shares during the last quarter. Kelleher Financial Advisors purchased a new stake in shares of General Motors during the 3rd quarter valued at about $29,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of General Motors in the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Price Performance

Shares of NYSE:GM opened at $84.45 on Tuesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.14 and a quick ratio of 0.97. General Motors Company has a 1-year low of $54.33 and a 1-year high of $91.85. The company has a market capitalization of $74.10 billion, a P/E ratio of 42.65, a P/E/G ratio of 0.40 and a beta of 1.30. The firm's 50 day simple moving average is $81.67 and its two-hundred day simple moving average is $79.52.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.53 earnings per share. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Research analysts expect that General Motors Company will post 13.29 EPS for the current fiscal year.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, September 4th. General Motors's payout ratio is presently 36.36%.

Insiders Place Their Bets

In related news, EVP Rory Harvey sold 79,494 shares of the business's stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $83.02, for a total value of $6,599,591.88. Following the transaction, the executive vice president directly owned 46,519 shares of the company's stock, valued at approximately $3,862,007.38. The trade was a 63.08% 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, EVP Grant Michael Dixton sold 40,000 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $88.44, for a total value of $3,537,600.00. Following the completion of the transaction, the executive vice president 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. In the last ninety days, insiders sold 1,247,053 shares of company stock worth $106,763,425. 0.44% of the stock is currently owned by insiders.

Analyst Ratings Changes

GM has been the topic of a number of research reports. Evercore reissued an "outperform" rating and issued a $100.00 price objective on shares of General Motors in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $100.00 target price on shares of General Motors in a report on Wednesday, July 22nd. Weiss Ratings reiterated a "hold (c)" rating on shares of General Motors in a research report on Friday, July 17th. JPMorgan Chase & Co. lifted their price target on shares of General Motors from $110.00 to $120.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 22nd. Finally, Jefferies Financial Group upgraded General Motors from a "hold" rating to a "buy" rating and upped their price objective for the stock from $90.00 to $99.00 in a research note on Monday, July 27th. One 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 given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $101.41.

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.

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