Commerce Bank Purchases New Shares in General Motors Company $GM

Key Points

• Commerce Bank purchased 47,535 GM shares during the second quarter, valued at approximately $3.66 million; institutional investors collectively own 92.67% of the company.
• Analysts remain broadly bullish, with a “Moderate Buy” consensus and an average price target of $101.41. GM also exceeded quarterly expectations with $3.57 EPS and $48.03 billion in revenue.
• Key risks include an expanded NHTSA investigation into GM’s eBoost braking system, potential failures tied to its V8 recall, and 50% tariffs on Canadian auto imports that could pressure costs and margins.

Commerce Bank purchased a new position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 47,535 shares of the auto manufacturer's stock, valued at approximately $3,664,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Tsfg LLC grew its position in General Motors by 5.7% during the fourth quarter. Tsfg LLC now owns 2,241 shares of the auto manufacturer's stock worth $182,000 after buying an additional 120 shares in the last quarter. Bogart Wealth LLC raised its holdings in General Motors by 15.6% in the 4th quarter. Bogart Wealth LLC now owns 905 shares of the auto manufacturer's stock valued at $74,000 after acquiring an additional 122 shares in the last quarter. Sumitomo Life Insurance Co. raised its holdings in General Motors by 0.7% in the 4th quarter. Sumitomo Life Insurance Co. now owns 19,477 shares of the auto manufacturer's stock valued at $1,584,000 after acquiring an additional 127 shares in the last quarter. UMB Bank n.a. lifted its position in shares of General Motors by 2.0% during the 4th quarter. UMB Bank n.a. now owns 6,887 shares of the auto manufacturer's stock valued at $560,000 after acquiring an additional 136 shares during the period. Finally, Waddell & Associates LLC grew its holdings in shares of General Motors by 1.3% during the 4th quarter. Waddell & Associates LLC now owns 10,737 shares of the auto manufacturer's stock worth $873,000 after purchasing an additional 137 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company's stock.

Analyst Upgrades and Downgrades

GM has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $100.00 price target on shares of General Motors in a research note on Wednesday, July 22nd. The Goldman Sachs Group increased their price objective on shares of General Motors from $91.00 to $103.00 and gave the stock a "buy" rating in a research note on Wednesday, July 22nd. Jefferies Financial Group upgraded shares of General Motors from a "hold" rating to a "buy" rating and boosted their target price for the company from $90.00 to $99.00 in a research report on Monday, July 27th. Piper Sandler reaffirmed an "overweight" rating and set a $102.00 price target on shares of General Motors in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. increased their price target on shares of General Motors from $110.00 to $120.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, General Motors currently has a consensus rating of "Moderate Buy" and an average price target of $101.41.

General Motors News Roundup

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

• Positive Sentiment: GM and Unifor reached tentative agreements that include pay increases, reducing the risk of a labor disruption at Canadian operations. However, higher wages could increase manufacturing costs. GM, Unifor reach tentative agreements with pay hikes
• Positive Sentiment: GM’s purchasing facility of up to $4.5 billion with Procura Auto Parts is intended to secure critical components during future supply-chain disruptions, potentially improving production resilience. GM spends $4.5 billion on chips
• Neutral Sentiment: GM launched a Stars, Stripes, and Skilled Trades initiative supporting veterans and military families. The program may strengthen recruiting and corporate branding but is unlikely to materially affect near-term earnings. General Motors launches Stars, Stripes, and Skilled Trades initiative
• Neutral Sentiment: Reports that GM is considering a Chevrolet Volt successor highlight a possible response to stronger plug-in hybrid demand, but the product’s timing, investment and profitability remain uncertain. As Toyota RAV4 Plug-In Surges, GM Eyes a Chevy Volt Sequel
• Negative Sentiment: NHTSA expanded its investigation into GM’s eBoost electronic braking system to more than 1.1 million vehicles following hundreds of reports, more than 20 crashes or fires and at least six injuries. Potential recalls, repairs, litigation and reputational damage are key risks, including for some GM EVs built with Honda. GM vehicles under federal scrutiny after hundreds of reports
• Negative Sentiment: The U.S. decision to impose 50% tariffs on Canadian auto imports, following a breakdown in trade talks, could raise GM’s parts and vehicle costs because of its integrated North American supply chain and pressure margins. Trump wants to protect U.S. auto makers
• Negative Sentiment: NHTSA is also examining reports that fixes for GM’s 6.2-liter L87 V8 recall may not have prevented additional engine failures, increasing possible warranty and recall liabilities. GM’s 6.2L V8 recall fix may not have worked

General Motors Stock Performance

NYSE:GM opened at $86.97 on Tuesday. General Motors Company has a twelve month low of $54.33 and a twelve month high of $91.85. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 1.42. The stock's 50-day simple moving average is $82.07 and its 200 day simple moving average is $79.55. The firm has a market capitalization of $76.31 billion, a PE ratio of 43.92, a price-to-earnings-growth ratio of 0.40 and a beta of 1.30.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its 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 firm had revenue of $48.03 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $2.53 earnings per share. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. On average, analysts anticipate that General Motors Company will post 13.29 EPS for the current fiscal year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Friday, September 4th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, September 4th. This represents a $0.72 annualized dividend and a yield of 0.8%. General Motors's dividend payout ratio (DPR) is currently 36.36%.

Insider Activity

In other General Motors news, President Mark L. Reuss sold 71,079 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $89.97, for a total transaction of $6,394,977.63. Following the completion of the sale, the president owned 92,293 shares of the company's stock, valued at approximately $8,303,601.21. This represents a 43.51% decrease in their position. The transaction 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 Grant Michael Dixton sold 40,000 shares of the business's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $88.44, for a total transaction of $3,537,600.00. Following the completion of the transaction, the executive vice president owned 54,992 shares in the company, valued at approximately $4,863,492.48. The trade was a 42.11% 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. Over the last ninety days, insiders sold 1,026,010 shares of company stock worth $89,080,261. Company insiders own 0.44% of the company's stock.

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.

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