Principle Wealth Partners LLC Purchases New Holdings in General Motors Company $GM

Principle Wealth Partners LLC acquired a new position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 8,155 shares of the auto manufacturer’s stock, valued at approximately $629,000.

A number of other institutional investors and hedge funds have also made changes to their positions in GM. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of General Motors during the second quarter valued at approximately $170,151,000. OneDigital Investment Advisors LLC purchased a new stake in shares of General Motors in the 2nd quarter worth approximately $459,000. Plato Investment Management Ltd purchased a new stake in shares of General Motors in the 2nd quarter worth approximately $3,528,000. Bell Investment Advisors Inc bought a new position in General Motors during the 2nd quarter valued at approximately $86,000. Finally, AMG National Trust Bank bought a new position in General Motors during the 2nd quarter valued at approximately $200,000. Institutional investors own 92.67% of the company’s stock.

Insider Buying and Selling at General Motors

In related news, CEO Mary T. Barra sold 318,448 shares of General Motors stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $90.38, for a total value of $28,781,330.24. Following the completion of the sale, the chief executive officer owned 428,994 shares of the company’s stock, valued at $38,772,477.72. The trade was a 42.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 8,882 shares of the company’s stock in a transaction 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 sale, the executive vice president owned 28,513 shares of the company’s stock, valued at approximately $2,479,205.35. This trade represents a 23.75% 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 sold 1,247,053 shares of company stock worth $106,763,425. 0.44% of the stock is owned by corporate insiders.

General Motors Price Performance

GM opened at $84.45 on Tuesday. 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 stock has a market capitalization of $74.10 billion, a P/E ratio of 42.65, a P/E/G ratio of 0.40 and a beta of 1.30. The company’s 50-day simple moving average is $81.67 and its two-hundred day simple moving average is $79.52. General Motors Company has a 52-week low of $54.33 and a 52-week high of $91.85.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly 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. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The firm had revenue of $48.03 billion during the quarter, compared to analyst estimates of $47.01 billion. During the same period in the previous year, the business posted $2.53 earnings per share. The business’s revenue for the quarter 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, analysts predict that General Motors Company will post 13.29 EPS for the current year.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, September 4th. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. General Motors’s payout ratio is currently 36.36%.

Analyst Upgrades and Downgrades

Several research firms have commented on GM. Tigress Financial boosted their target price on General Motors from $92.00 to $130.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 28th. Evercore restated an “outperform” rating and set a $100.00 price target on shares of General Motors in a report on Monday, May 4th. Wells Fargo & Company lifted their price target on General Motors from $60.00 to $61.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 22nd. Royal Bank Of Canada increased their price objective on shares of General Motors from $94.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Finally, The Goldman Sachs Group raised their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, General Motors currently has an average rating of “Moderate Buy” and an average target price of $101.41.

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.