Geode Capital Management LLC Buys 267,477 Shares of General Motors Company $GM

Key Points

• Geode Capital Management increased its General Motors stake by 1.2% in the fourth quarter, buying 267,477 more shares and bringing its holdings to 22.24 million shares worth about $1.8 billion.
• Other institutional investors also boosted GM positions, and institutional ownership stands at 92.67% of the company’s stock, indicating strong Wall Street participation.
• GM has mixed near-term signals: it recently beat earnings estimates and maintained a quarterly dividend, but insiders including CEO Mary Barra and EVP Rory Harvey sold shares in pre-arranged transactions.

Geode Capital Management LLC lifted its stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,242,381 shares of the auto manufacturer's stock after acquiring an additional 267,477 shares during the period. Geode Capital Management LLC owned approximately 2.46% of General Motors worth $1,802,668,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in GM. M&T Bank Corp grew its position in General Motors by 82.0% in the fourth quarter. M&T Bank Corp now owns 72,062 shares of the auto manufacturer's stock valued at $5,860,000 after purchasing an additional 32,474 shares in the last quarter. Legacy Capital Group California Inc. grew its position in General Motors by 206.4% in the fourth quarter. Legacy Capital Group California Inc. now owns 21,004 shares of the auto manufacturer's stock valued at $1,708,000 after purchasing an additional 14,150 shares in the last quarter. Perbak Capital Partners LLP grew its position in General Motors by 94.1% in the third quarter. Perbak Capital Partners LLP now owns 47,086 shares of the auto manufacturer's stock valued at $2,871,000 after purchasing an additional 22,829 shares in the last quarter. Fieldview Capital Management LLC grew its position in General Motors by 99.0% in the third quarter. Fieldview Capital Management LLC now owns 28,237 shares of the auto manufacturer's stock valued at $1,722,000 after purchasing an additional 14,048 shares in the last quarter. Finally, Brighton Jones LLC grew its position in General Motors by 456.1% in the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer's stock valued at $2,062,000 after purchasing an additional 31,755 shares in the last quarter. Institutional investors own 92.67% of the company's stock.

Trending Headlines about General Motors

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

• Positive Sentiment: GM approved Pinnacle Intelligence as a vendor for Business Development Center services, reinforcing its push to use AI-enabled tools in retail operations and customer support. General Motors Selects Pinnacle Intelligence for BDC Services, Supporting Its Integrated AI-Enabled Approach
• Positive Sentiment: Reports that GM received preliminary FDIC approval for an industrial bank charter could improve financing flexibility and support future captive-lending growth. Ford, GM, Stellantis Join Crypto Firms In Trump-Era Bank Charter Push After Winning Preliminary FDIC Approval: Report
• Positive Sentiment: GM also landed work tied to NASA’s lunar terrain vehicle program, highlighting its battery and propulsion technology beyond traditional auto sales. General Motors to make batteries for NASA's new manned moon rover
• Neutral Sentiment: GM recognized several suppliers in its annual awards, which is a constructive sign for operations but not likely a major stock driver by itself. Bridgestone Recognized as 2025 Supplier of the Year by General Motors
• Negative Sentiment: CEO Mary T. Barra sold a large amount of GM shares in multiple transactions, and EVP Rory Harvey also sold shares, which may weigh on sentiment even though the sales were planned. Mary T. Barra insider trade details

General Motors Stock Performance

Shares of GM opened at $84.38 on Friday. The firm has a 50-day moving average of $76.73 and a 200-day moving average of $78.03. General Motors Company has a one year low of $46.81 and a one year high of $87.62. The company has a market cap of $76.08 billion, a PE ratio of 34.03, a price-to-earnings-growth ratio of 0.42 and a beta of 1.29. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.15 and a quick ratio of 0.99.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 EPS for the quarter, beating analysts' consensus estimates of $2.61 by $1.09. The company had revenue of $43.62 billion during the quarter, compared to the consensus estimate of $43.51 billion. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The company's quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the firm posted $2.78 EPS. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, equities analysts forecast that General Motors Company will post 12.85 earnings per share for the current year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, June 5th. General Motors's dividend payout ratio (DPR) is currently 29.03%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GM. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a "hold" rating to a "buy" rating and raised their target price for the company from $83.00 to $90.00 in a research report on Tuesday, April 14th. Bank of America began coverage on shares of General Motors in a research report on Wednesday, March 4th. They issued a "buy" rating and a $105.00 price objective for the company. Wall Street Zen raised shares of General Motors from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. Weiss Ratings reissued a "hold (c)" rating on shares of General Motors in a research report on Tuesday, April 21st. Finally, Evercore reissued an "outperform" rating and issued a $100.00 price objective on shares of General Motors in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, General Motors presently has a consensus rating of "Moderate Buy" and an average price target of $94.65.

Insider Transactions at General Motors

In other news, CEO Mary T. Barra sold 134,954 shares of the firm's stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $85.03, for a total transaction of $11,475,138.62. Following the completion of the sale, the chief executive officer owned 592,242 shares in the company, valued at approximately $50,358,337.26. This trade represents a 18.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 stock was sold at an average price of $83.02, for a total transaction of $6,599,591.88. Following the sale, the executive vice president owned 46,519 shares of the company's stock, valued at approximately $3,862,007.38. This represents a 63.08% decrease in their position. 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 90 days, insiders have sold 538,548 shares of company stock valued at $44,241,546. 0.54% of the stock is currently owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.