Jupiter Topco LLC Purchases Shares of 341,668 General Motors Company $GM

Jupiter Topco LLC acquired a new position in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 341,668 shares of the auto manufacturer’s stock, valued at approximately $26,331,000.

Other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC grew its position in General Motors by 456.1% during the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock valued at $2,062,000 after acquiring an additional 31,755 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of General Motors by 61.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 18,548 shares of the auto manufacturer’s stock worth $913,000 after acquiring an additional 7,058 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of General Motors by 4.8% in the 2nd quarter. Baird Financial Group Inc. now owns 37,524 shares of the auto manufacturer’s stock valued at $1,847,000 after purchasing an additional 1,706 shares in the last quarter. Jump Financial LLC boosted its stake in shares of General Motors by 45.7% in the 2nd quarter. Jump Financial LLC now owns 25,366 shares of the auto manufacturer’s stock valued at $1,248,000 after purchasing an additional 7,951 shares in the last quarter. Finally, AXA S.A. grew its holdings in shares of General Motors by 69.4% during the 2nd quarter. AXA S.A. now owns 66,547 shares of the auto manufacturer’s stock valued at $3,275,000 after purchasing an additional 27,270 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.

Insider Activity at General Motors

In other General Motors news, CAO Christopher Hatto sold 6,895 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $90.00, for a total transaction of $620,550.00. Following the transaction, the chief accounting officer directly owned 18,899 shares of the company’s stock, valued at approximately $1,700,910. The trade was a 26.73% decrease in their position. The sale 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, EVP Rory Harvey sold 8,882 shares of the company’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $86.95, for a total transaction 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 trade 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 669,486 shares of company stock valued at $59,205,537 over the last 90 days. Company insiders own 0.44% of the company’s stock.

General Motors Stock Up 0.2%

NYSE GM opened at $86.31 on Friday. General Motors Company has a 1 year low of $54.33 and a 1 year high of $91.85. The stock has a market capitalization of $75.73 billion, a PE ratio of 43.59, a PEG ratio of 0.39 and a beta of 1.30. 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 business’s 50-day moving average is $82.54 and its 200 day moving average is $79.63.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 EPS for the quarter, beating 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 business 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 company posted $2.53 EPS. General Motors’s quarterly 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. Sell-side analysts forecast that General Motors Company will post 13.29 earnings per share for the current year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. General Motors’s payout ratio is 36.36%.

General Motors News Roundup

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

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. UBS Group reiterated a “buy” rating on shares of General Motors in a research report on Wednesday, June 10th. The Goldman Sachs Group raised their price objective on General Motors from $91.00 to $103.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Evercore reiterated an “outperform” rating and issued a $100.00 price objective on shares of General Motors in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $100.00 target price on shares of General Motors in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company increased their target price on General Motors from $60.00 to $61.00 and gave the company an “underweight” rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $101.41.

Read Our Latest Analysis on GM

General Motors Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding GM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Motors Company (NYSE:GMFree Report) (TSE:GMM.U).

Institutional Ownership by Quarter for General Motors (NYSE:GM)

Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.