General Motors Company $GM Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments increased its General Motors stake by 8.7% in the second quarter, bringing its holdings to 254,791 shares valued at approximately $19.6 million. Institutional investors collectively own 92.67% of GM’s stock.
• Analysts maintain a generally positive outlook, with GM receiving a consensus “Moderate Buy” rating and an average price target of $101.41. Recent targets include $103 from Goldman Sachs and $130 from Tigress Financial.
• GM exceeded quarterly expectations with adjusted earnings of $3.57 per share versus the $3.19 consensus and revenue of $48.03 billion. The company also declared a quarterly dividend of $0.18 per share, representing a 0.8% annualized yield.

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 8.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 254,791 shares of the auto manufacturer's stock after acquiring an additional 20,285 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in General Motors were worth $19,639,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Franklin Resources Inc. grew its position in General Motors by 2.7% during the 4th quarter. Franklin Resources Inc. now owns 32,158,403 shares of the auto manufacturer's stock worth $2,615,121,000 after purchasing an additional 835,645 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of General Motors by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 22,242,381 shares of the auto manufacturer's stock worth $1,802,668,000 after buying an additional 267,477 shares during the period. Capital World Investors grew its holdings in shares of General Motors by 7.8% during the fourth quarter. Capital World Investors now owns 19,536,049 shares of the auto manufacturer's stock worth $1,588,688,000 after buying an additional 1,405,530 shares during the last quarter. AQR Capital Management LLC increased its position in General Motors by 5.5% in the 3rd quarter. AQR Capital Management LLC now owns 14,252,689 shares of the auto manufacturer's stock valued at $868,986,000 after acquiring an additional 748,831 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in General Motors by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,225,518 shares of the auto manufacturer's stock valued at $1,059,668,000 after acquiring an additional 77,100 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

Analysts Set New Price Targets

GM has been the topic of a number of recent research reports. Wells Fargo & Company boosted their target price on General Motors from $60.00 to $61.00 and gave the company an "underweight" rating in a report on Wednesday, July 22nd. Tigress Financial lifted their price objective on shares of General Motors from $92.00 to $130.00 and gave the company a "strong-buy" rating in a research report on Tuesday, July 28th. Benchmark reissued 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 research report on Saturday, May 2nd. Finally, The Goldman Sachs Group raised their target price 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. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $101.41.

General Motors Stock Down 0.5%

GM opened at $86.29 on Friday. 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 12 month low of $54.33 and a 12 month high of $91.85. The stock has a market capitalization of $75.72 billion, a P/E ratio of 43.58, a P/E/G ratio of 0.40 and a beta of 1.30. The business has a 50 day simple moving average of $81.56 and a 200-day simple moving average of $79.48.

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 for the quarter, topping 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 return on equity of 18.18% and a net margin of 1.05%.General Motors's quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter 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. On average, equities analysts anticipate that General Motors Company will post 13.29 earnings per share for the current fiscal 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 dividend of $0.18 per share. 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%.

Key Stories Impacting General Motors

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

• Positive Sentiment: An analyst raised fiscal 2027 EPS estimates for GM, signaling greater confidence in the automaker’s future profitability. FY2027 EPS Estimates for General Motors Raised by Analyst
• Positive Sentiment: Battery-cell production at GM and LG Energy Solution’s Ohio plant is scheduled to restart after a seven-month shutdown. The restart could improve capacity utilization and support GM’s electric-vehicle supply chain. Battery cell production at Ohio plant to restart for GM EVs
• Positive Sentiment: GM’s $4.5 billion supplier prepayment and parts-security facility is intended to ensure access to critical components and reduce the risk of production disruptions. GM sets up $4.5 billion supply chain prepayment facility

Insider Activity at General Motors

In other news, EVP Grant Michael Dixton sold 40,000 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 54,992 shares in the company, valued at $4,863,492.48. This trade represents a 42.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 79,494 shares of the firm's stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $83.02, for a total transaction of $6,599,591.88. Following the completion of the sale, the executive vice president owned 46,519 shares of the company's stock, valued at $3,862,007.38. This trade represents a 63.08% 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. In the last quarter, insiders sold 1,247,053 shares of company stock valued at $106,763,425. Company insiders own 0.44% of the company's stock.

General Motors 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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