General Motors Company $GM Shares Sold by State Street Corp

Key Points

• State Street trimmed its GM stake by 0.2%, selling 70,322 shares but retaining 44.44 million shares valued at approximately $3.43 billion. Institutional investors collectively own 92.67% of GM.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $101.82. Several firms recently raised their targets, including Tigress Financial to $130.
• GM exceeded quarterly expectations with $3.57 in EPS and $48.03 billion in revenue, while executives sold $49.0 million in stock over the past 90 days. Shares opened at $83.47, and the company maintains FY 2026 EPS guidance of $12 to $14.

State Street Corp trimmed its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 0.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,441,119 shares of the auto manufacturer's stock after selling 70,322 shares during the period. State Street Corp owned 5.06% of General Motors worth $3,425,521,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in General Motors in the second quarter valued at approximately $5,958,995,000. Norges Bank purchased a new stake in General Motors during the fourth quarter worth approximately $918,724,000. Bank of America Corp DE acquired a new stake in shares of General Motors in the second quarter worth $629,465,000. Legal & General Group Plc acquired a new stake in shares of General Motors in the second quarter worth $599,066,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of General Motors in the 2nd quarter valued at $522,916,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

Insider Activity at General Motors

In related news, EVP Rory Harvey sold 8,882 shares of the stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $86.95, for a total transaction of $772,289.90. Following the sale, the executive vice president owned 28,513 shares in the company, valued at $2,479,205.35. This represents a 23.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Grant Dixton sold 40,000 shares of the firm's stock in a transaction dated Monday, August 3rd. The stock was 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 directly owned 54,992 shares in the company, valued at $4,863,492.48. This represents a 42.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 549,665 shares of company stock valued at $49,010,828 in the last ninety days. 0.44% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on GM shares. Jefferies Financial Group upgraded General Motors from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $90.00 to $99.00 in a research note on Monday, July 27th. Tigress Financial boosted their price target on General Motors from $92.00 to $130.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 28th. JPMorgan Chase & Co. lifted their price objective 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. The Goldman Sachs Group upped their target price on shares of General Motors from $91.00 to $103.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. Finally, Benchmark reaffirmed a "buy" rating on shares of General Motors in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.82.

General Motors Stock Down 0.6%

NYSE:GM opened at $83.47 on Wednesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.97 and a current ratio of 1.14. The company has a market capitalization of $73.24 billion, a price-to-earnings ratio of 42.16, a price-to-earnings-growth ratio of 0.47 and a beta of 1.32. General Motors Company has a one year low of $54.33 and a one year high of $91.85. The stock has a 50-day simple moving average of $85.29 and a 200 day simple moving average of $80.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 EPS for the quarter, topping analysts' consensus estimates of $3.19 by $0.38. The company had revenue of $48.03 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Sell-side analysts predict that General Motors Company will post 13.32 EPS for the current fiscal year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Friday, September 4th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, September 4th. This represents a $0.72 annualized dividend and a yield of 0.9%. General Motors's payout ratio is presently 36.36%.

Trending Headlines about General Motors

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

• Positive Sentiment: The Pentagon expanded GM Defense’s contract to build lightweight troop carriers by nearly $700 million, bringing the contract’s total value to approximately $1 billion. The award strengthens GM’s higher-growth defense business and was reported as a key reason shares increased previously. GM Wins $700 Million Pentagon Contract
• Positive Sentiment: GM and Cirba Solutions are piloting a closed-loop battery-recycling program that uses critical minerals recovered from end-of-life batteries and manufacturing scrap in new GM EVs. The initiative could reduce raw-material costs, improve supply-chain resilience and support GM’s domestic EV strategy. Cirba Solutions and GM Battery Recycling Pilot
• Positive Sentiment: Analysts continue to highlight GM’s stronger earnings, cash flow and technology investments. The company recently exceeded quarterly EPS and revenue expectations, while its defense expansion and Lockheed Martin partnership add potential growth beyond traditional vehicle sales. Reasons to Hold General Motors Stock
• Neutral Sentiment: GM is retaining Apple CarPlay and Android Auto in some trucks while continuing to exclude them from future EVs. The strategy preserves control over in-vehicle software and potential recurring revenue, but risks frustrating customers and weakening EV appeal. GM Keeps CarPlay in Trucks
• Neutral Sentiment: GM is promoting new small-block and 8.3-liter “Mongoose” Duramax V8 engines for heavy-duty pickups. The products may support truck competitiveness and pricing power, though they also increase exposure to fuel-efficiency and emissions pressures. GM 8.3-Liter Duramax Diesel
• Negative Sentiment: Reports of a class-action lawsuit alleging GM concealed serious truck defects, a separate transmission lawsuit, and a recall involving more than 306,000 vehicles raise potential warranty, legal and reputational costs. GM Recalls More Than 306,000 Vehicles

General Motors Profile

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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