General Motors Company $GM Shares Bought by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management increased its GM stake by 5.6% in the second quarter, owning 1.41 million shares worth approximately $108.5 million. Institutional investors collectively own 92.67% of GM’s outstanding stock.
• GM beat quarterly expectations with $3.57 in adjusted EPS and $48.03 billion in revenue, while analysts maintain a “Moderate Buy” consensus and an average price target of $98.14. The company also pays a quarterly dividend of $0.18 per share.
• Despite favorable analyst sentiment, GM faces competitive risks from weak hybrid offerings and projected U.S. sales and market-share declines. Meanwhile, company insiders sold significant shares, including President Mark Reuss’s sale of 71,079 shares under a pre-arranged trading plan.

Envestnet Asset Management Inc. grew its stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 5.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,407,256 shares of the auto manufacturer's stock after acquiring an additional 74,427 shares during the period. Envestnet Asset Management Inc. owned 0.16% of General Motors worth $108,471,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. SouthState Bank Corp increased its holdings in 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 buying an additional 177 shares during the last quarter. Evergreen Advisors LLC bought a new stake in General Motors in the first quarter worth $26,000. Comprehensive Financial Planning Inc. PA bought a new stake in General Motors in the fourth quarter worth $33,000. Premier Financial Group acquired a new position in General Motors during the second quarter worth $31,000. Finally, Burk Holdings LLC acquired a new position in General Motors during the second quarter worth $31,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

General Motors Stock Up 2.5%

Shares of NYSE:GM opened at $82.60 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. The stock has a market cap of $72.47 billion, a price-to-earnings ratio of 41.72, a P/E/G ratio of 0.45 and a beta of 1.32. The company has a 50 day moving average of $85.61 and a 200-day moving average of $80.35. General Motors Company has a one year low of $54.33 and a one year high of $91.85.

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, beating the consensus estimate of $3.19 by $0.38. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The business had revenue of $48.03 billion for the quarter, compared to analyst estimates of $47.01 billion. During the same period in the prior year, the business posted $2.53 earnings per share. General Motors's revenue was up 1.9% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. On average, sell-side analysts forecast that General Motors Company will post 13.32 earnings per share for the current year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Friday, September 4th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. General Motors's payout ratio is 36.36%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Barclays boosted their price target on General Motors from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 22nd. Royal Bank Of Canada raised their price objective on General Motors from $94.00 to $100.00 and gave the company an "outperform" rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. boosted their target price on General Motors from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Wednesday, July 22nd. The Goldman Sachs Group upped their target price on General Motors from $91.00 to $103.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of General Motors in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, General Motors currently has a consensus rating of "Moderate Buy" and an average price target of $98.14.

Key General Motors News

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

• Positive Sentiment: GM unveiled its redesigned 2027 Chevrolet Silverado HD and GMC Sierra HD pickups, featuring a new 8.3-liter Duramax turbo-diesel V8 producing 555 horsepower and 1,230 pound-feet of torque. The engine slightly exceeds Ford’s diesel torque output and could strengthen GM’s position in the profitable heavy-duty truck market. Chevy and GMC’s New Heavy-Duty Trucks Debut a Huge 8.3L Diesel V-8
• Positive Sentiment: GM’s CFO said restructuring in its EV business should support improved cash flow in 2027, reinforcing management’s emphasis on profitability and cash generation rather than unprofitable volume growth. GM CFO expects improved 2027 cash flow after EV restructuring
• Positive Sentiment: GM has begun delivering EVs whose battery cathode materials use 100% recycled nickel, cobalt and manganese sourced from end-of-life GM batteries. The pilot could reduce exposure to critical-mineral costs and supply-chain risks while supporting sustainability goals. General Motors Puts 100% Recycled Battery Minerals Into Customer EVs
• Neutral Sentiment: GM reportedly plans to reintroduce Apple CarPlay in many vehicles, a move that may improve customer appeal but could reflect efforts to address consumer dissatisfaction with its newer infotainment strategy. General Motors To Reintroduce CarPlay (Mostly)
• Negative Sentiment: Cox Automotive forecasts GM’s U.S. new-vehicle sales will decline 5.2% year over year in the third quarter. Separate forecasts indicate GM and Ford could suffer the steepest U.S. market-share declines in 2026 as buyers favor fuel-efficient vehicles and hybrids during a period of elevated gasoline prices. GM, Ford to see US market-share slide, forecaster predicts
• Negative Sentiment: GM’s limited hybrid lineup is emerging as a competitive weakness, with Hyundai expected to outsell Ford in the third quarter and Detroit automakers losing share to brands better positioned in hybrids. Hyundai expected to outsell Ford in third quarter

Insiders Place Their Bets

In other news, President Mark L. Reuss sold 71,079 shares of General Motors stock in a transaction dated 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 transaction, the president owned 92,293 shares in the company, valued at $8,303,601.21. The trade was a 43.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 business's stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $86.95, for a total value of $772,289.90. Following the completion of the transaction, the executive vice president owned 28,513 shares of the company's stock, valued at $2,479,205.35. This represents a 23.75% 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 have sold 549,665 shares of company stock worth $49,010,828 over the last 90 days. 0.44% of the stock is currently owned by corporate insiders.

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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