Saudi Central Bank Buys 28,845 Shares of General Motors Company $GM

Key Points

• Saudi Central Bank increased its GM stake by 83.8% in the second quarter, buying 28,845 shares and bringing its holdings to 63,278 shares valued at approximately $4.88 million.
• Institutional ownership remains high at 92.67%, with BlackRock, Norges Bank, Bank of America, Legal & General, and Bank of New York Mellon among major investors adding or initiating positions.
• GM reported quarterly earnings and revenue above analyst expectations, issued fiscal 2026 earnings guidance of $12–$14 per share, and received a “Moderate Buy” consensus rating with an average price target of $101.41.

Saudi Central Bank boosted its stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 83.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,278 shares of the auto manufacturer's stock after purchasing an additional 28,845 shares during the quarter. Saudi Central Bank's holdings in General Motors were worth $4,877,000 as of its most recent SEC filing.

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

Key Stories Impacting General Motors

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

• Positive Sentiment: Momentum remains favorable: Zacks identified GM as a strong momentum stock, reflecting recent price strength and improving investor interest. GM’s latest quarterly results also exceeded analyst expectations for both earnings and revenue, while management’s fiscal 2026 earnings outlook remains supportive. Here's Why General Motors Is a Strong Momentum Stock
• Positive Sentiment: Canadian strike risk appears reduced: GM and Unifor reached a tentative agreement covering Canadian auto workers, potentially avoiding production disruptions and related labor costs if workers approve the deal. GM and Unifor Strike Tentative Deal
• Positive Sentiment: Industry seeks restrictions on Chinese vehicles: Major automakers, including GM’s industry group, urged Congress to ban Chinese vehicles from the U.S. market. Such legislation could reduce competitive pressure, although the outcome and timing remain uncertain. Automakers Urge Congress to Ban Chinese Cars
• Neutral Sentiment: New in-cabin camera capability: GM is enabling cameras to record passengers following an over-the-air update. The feature may support future safety or convenience functions, but its immediate financial impact is unclear. GM’s New In-Car Cameras Now Record Passengers
• Negative Sentiment: Recall response may pressure margins: GM is offering employee-level pricing to owners of vehicles affected by the 6.2-liter V8 recall, which could help retain customers but may increase discounts and recall-related costs. GM Offering Employee Pricing for Recalled Vehicles
• Negative Sentiment: Privacy and liability concerns: Passenger-recording functionality could prompt scrutiny over consent, data handling and privacy, potentially creating reputational or regulatory risks for GM. General Motors New In-Cabin Camera Technology

General Motors Stock Performance

GM stock opened at $87.71 on Monday. General Motors Company has a 1-year low of $54.33 and a 1-year high of $91.85. 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 company has a market capitalization of $76.96 billion, a P/E ratio of 44.30, a PEG ratio of 0.50 and a beta of 1.32. The business has a 50-day moving average price of $83.26 and a 200 day moving average price of $79.83.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its earnings results 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. General Motors had a return on equity of 18.18% and a net margin of 1.05%.The company had revenue of $48.03 billion during the quarter, compared to analyst estimates of $47.01 billion. During the same quarter in the prior year, the business earned $2.53 earnings per share. General Motors's revenue was up 1.9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. As a group, equities research analysts forecast that General Motors Company will post 13.29 EPS for the current fiscal year.

General Motors Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. 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 research report on Wednesday, July 22nd. Benchmark reaffirmed a "buy" rating on shares of General Motors in a research note on Tuesday, July 21st. Jefferies Financial Group upgraded shares of General Motors from a "hold" rating to a "buy" rating and boosted their price objective for the company from $90.00 to $99.00 in a research report on Monday, July 27th. Tigress Financial increased their target price on shares of General Motors from $92.00 to $130.00 and gave the company a "strong-buy" rating in a research note on Tuesday, July 28th. Finally, Citigroup raised their target price on shares of General Motors from $108.00 to $131.00 and gave the stock a "buy" rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $101.41.

Insider Buying and Selling

In other General Motors news, CEO Mary T. Barra sold 318,448 shares of the business's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $90.38, for a total transaction of $28,781,330.24. Following the sale, the chief executive officer owned 428,994 shares in the company, valued at approximately $38,772,477.72. The trade was a 42.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Hatto sold 6,895 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $90.00, for a total transaction of $620,550.00. Following the completion of the transaction, the chief accounting officer owned 18,899 shares in the company, valued at approximately $1,700,910. This trade represents a 26.73% 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. Insiders sold 669,486 shares of company stock worth $59,205,537 over the last ninety days. Company insiders own 0.44% of the company's stock.

General Motors Company 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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