Assetmark Inc. Trims Stake in General Motors Company $GM

Assetmark Inc. cut its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 66.9% in the first quarter, HoldingsChannel reports. The firm owned 43,268 shares of the auto manufacturer’s stock after selling 87,530 shares during the period. Assetmark Inc.’s holdings in General Motors were worth $3,223,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Cibc World Market Inc. grew its stake in shares of General Motors by 57.2% during the fourth quarter. Cibc World Market Inc. now owns 200,662 shares of the auto manufacturer’s stock worth $16,318,000 after acquiring an additional 72,984 shares during the last quarter. M&T Bank Corp raised its position in shares of General Motors by 82.0% in the 4th 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 during the last quarter. Legacy Capital Group California Inc. boosted its stake in General Motors by 206.4% in the 4th quarter. Legacy Capital Group California Inc. now owns 21,004 shares of the auto manufacturer’s stock worth $1,708,000 after purchasing an additional 14,150 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in General Motors by 16.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 202,172 shares of the auto manufacturer’s stock worth $15,062,000 after purchasing an additional 28,163 shares in the last quarter. Finally, Leonteq Securities AG purchased a new stake in General Motors during the 4th quarter worth approximately $17,753,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at General Motors

In other news, CAO Christopher Hatto sold 6,895 shares of the firm’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 transaction 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. This trade represents a 21.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 215,391 shares of General Motors stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $80.01, for a total transaction of $17,233,433.91. Following the transaction, the chief executive officer directly owned 770,491 shares of the company’s stock, valued at approximately $61,646,984.91. This trade represents a 21.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 697,388 shares of company stock valued at $57,752,596. 0.54% of the stock is owned by company insiders.

General Motors Price Performance

NYSE:GM opened at $82.23 on Thursday. The firm’s fifty day moving average is $79.03 and its two-hundred day moving average is $78.83. The firm has a market cap of $74.15 billion, a price-to-earnings ratio of 41.53, a PEG ratio of 0.40 and a beta of 1.31. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.99 and a current ratio of 1.14. General Motors Company has a one year low of $49.87 and a one year high of $87.62.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.19 by $0.38. The business had revenue of $48.03 billion during the quarter, compared to analyst estimates of $47.01 billion. General Motors had a return on equity of 18.18% and a net margin of 1.05%.The company’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business posted $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Research analysts expect that General Motors Company will post 12.88 EPS for the current year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Friday, September 4th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, September 4th. General Motors’s dividend payout ratio (DPR) is currently 29.03%.

General Motors News Roundup

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

• Positive Sentiment: GM posted Q2 EPS of $3.57 and revenue of $48.03 billion, both above Wall Street estimates, while adjusted EBIT jumped nearly 30% on strong truck and SUV demand.
• Positive Sentiment: The company raised its full-year 2026 outlook again, now guiding for adjusted EPS of $12 to $14 and higher EBIT, reinforcing confidence in earnings momentum.
• Positive Sentiment: Analysts turned more constructive after earnings, with JPMorgan lifting its price target on GM to $120 and keeping an overweight rating, adding fuel to the stock’s rally.
• Positive Sentiment: Coverage highlighted GM’s strong cash flow and ongoing share repurchases, with the company having spent more than $4 billion on buybacks over the past year, which can support per-share earnings.
• Neutral Sentiment: GM also announced new gas-powered Cadillac models and a push into defense-related opportunities, suggesting management is broadening growth avenues beyond EVs. Article: At GM, Trump’s Second Term Means Big Trucks—and a Push Into the Defense Industry
• Neutral Sentiment: The company is still absorbing EV-related restructuring costs and faces tariff, labor, and broader auto-industry risks, which could limit upside if demand softens or costs rise.
• Negative Sentiment: GM Korea labor unions are continuing partial strikes, adding a potential operational headwind. Article: GM Korea’s unionised workers continue partial strikes

Wall Street Analysts Forecast Growth

GM has been the topic of a number of recent analyst reports. The Goldman Sachs Group upped their price target on shares of General Motors from $91.00 to $103.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley raised their target price on General Motors from $100.00 to $101.00 and gave the stock an “overweight” rating in a research note on Wednesday. Evercore reissued an “outperform” rating and issued a $100.00 price objective on shares of General Motors in a report on Monday, May 4th. Wall Street Zen upgraded General Motors from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of General Motors in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, General Motors has a consensus rating of “Moderate Buy” and a consensus target price of $99.59.

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.