Bank of New York Mellon Corp Acquires 1,680,877 Shares of General Motors Company $GM

Bank of New York Mellon Corp grew its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 29.8% in the first quarter, HoldingsChannel.com reports. The firm owned 7,329,094 shares of the auto manufacturer’s stock after purchasing an additional 1,680,877 shares during the period. Bank of New York Mellon Corp’s holdings in General Motors were worth $546,018,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Laurel Wealth Advisors LLC bought a new position in shares of General Motors in the fourth quarter valued at approximately $25,000. Elevation Wealth Partners LLC grew its holdings in General Motors by 500.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock worth $27,000 after buying an additional 275 shares in the last quarter. SouthState Bank Corp raised its position in General Motors by 101.7% in the 4th quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock valued at $29,000 after buying an additional 177 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new stake in General Motors in the 4th quarter valued at $30,000. Finally, Founders Capital Management purchased a new stake in General Motors in the 4th quarter valued at $31,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Stock Down 0.0%

General Motors stock opened at $77.62 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $69.99 billion, a P/E ratio of 31.30, a P/E/G ratio of 0.39 and a beta of 1.31. The firm has a 50 day moving average price of $78.88 and a 200-day moving average price of $78.93. General Motors Company has a twelve month low of $48.87 and a twelve month high of $87.62.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share for the quarter, beating the consensus estimate of $2.61 by $1.09. The business had revenue of $43.62 billion during the quarter, compared to analyst estimates of $43.51 billion. General Motors had a return on equity of 16.68% and a net margin of 1.38%.General Motors’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.78 earnings per share. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, equities analysts predict that General Motors Company will post 12.86 EPS for the current year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, June 5th. General Motors’s payout ratio is currently 29.03%.

Insider Buying and Selling at General Motors

In other news, CAO Christopher Hatto sold 6,895 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $85.00, for a total value of $586,075.00. Following the sale, the chief accounting officer owned 25,794 shares of the company’s stock, valued at $2,192,490. The trade was a 21.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 99,239 shares of General Motors stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $85.10, for a total transaction of $8,445,238.90. Following the completion of the transaction, the chief executive officer owned 592,242 shares of the company’s stock, valued at $50,399,794.20. This represents a 14.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 697,388 shares of company stock valued at $57,752,596 over the last three months. 0.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on GM. Citigroup lifted their price objective 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. The Goldman Sachs Group lowered their target price on shares of General Motors from $104.00 to $91.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Royal Bank Of Canada dropped their price target on shares of General Motors from $95.00 to $94.00 and set an “outperform” rating on the stock in a research report on Monday. Piper Sandler restated an “overweight” rating and set a $102.00 price target on shares of General Motors in a report on Wednesday, April 29th. Finally, Wells Fargo & Company upped their price objective on shares of General Motors from $59.00 to $60.00 and gave the stock an “underweight” rating in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, General Motors currently has an average rating of “Moderate Buy” and an average price target of $97.27.

Key Stories Impacting General Motors

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

• Positive Sentiment: Several market commentary pieces highlight GM’s strong earnings history and suggest the company could beat estimates again in its next quarterly report, which could support the stock if results and guidance come in ahead of expectations. Article Title
• Positive Sentiment: GM has also been featured as a top-ranked growth stock in screening tools, reinforcing the view that investors are still finding value in the name ahead of earnings. Article Title
• Positive Sentiment: GM Middle East sales were boosted by full-size SUVs and pickups, suggesting demand remains solid in profitable vehicle segments. Article Title
• Neutral Sentiment: Multiple previews of GM’s upcoming Q2 earnings focus on key metrics and Wall Street expectations, which mainly keeps attention on the report rather than changing the underlying story. Article Title
• Neutral Sentiment: GM-related nostalgia and legacy pieces, including the demolition of a historic Pontiac building and other heritage coverage, are more symbolic than financially material for the stock. Article Title
• Negative Sentiment: A Reuters-style report on GM missing the hybrid shift and losing share to Toyota is the most important bearish takeaway, since it raises concerns that GM is underinvested in a fast-growing segment and could face pressure on U.S. market share and future margins. Article Title

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.