Money Concepts Capital Corp Invests $635,000 in General Motors Company $GM

Money Concepts Capital Corp purchased a new stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 8,523 shares of the auto manufacturer’s stock, valued at approximately $635,000.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in General Motors in the fourth quarter valued at approximately $918,724,000. Viking Global Investors LP raised its position in General Motors by 81.1% during the 2nd quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock worth $640,659,000 after buying an additional 5,830,050 shares during the last quarter. Life Cycle Investment Partners Ltd acquired a new stake in General Motors during the 4th quarter valued at approximately $309,380,000. Two Sigma Investments LP lifted its stake in General Motors by 348.4% during the 3rd quarter. Two Sigma Investments LP now owns 3,549,170 shares of the auto manufacturer’s stock valued at $216,393,000 after acquiring an additional 2,757,695 shares during the period. Finally, Worldquant Millennium Advisors LLC boosted its holdings in shares of General Motors by 436.8% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 2,658,525 shares of the auto manufacturer’s stock valued at $130,826,000 after acquiring an additional 2,163,274 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on GM shares. Wells Fargo & Company raised their target price on shares of General Motors from $59.00 to $60.00 and gave the stock an “underweight” rating in a report on Thursday, June 25th. Piper Sandler reaffirmed an “overweight” rating and issued a $102.00 price target on shares of General Motors in a report on Wednesday, April 29th. Wedbush reaffirmed an “outperform” rating and set a $95.00 price target on shares of General Motors in a research report on Monday, May 11th. TD Cowen lifted their price objective on General Motors from $122.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. boosted their price objective on General Motors from $98.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday. One investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $97.32.

General Motors News Summary

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

• Positive Sentiment: GM and Ford signed long-term memory supply agreements with Micron, which should improve access to memory and storage components for next-generation vehicles and support future production plans. Ford, GM sign memory supply agreements with Micron
• Positive Sentiment: JPMorgan issued a positive forecast for GM’s stock, reinforcing the view that analysts see upside despite near-term auto market concerns. JPMorgan Chase & Co. Issues Positive Forecast for General Motors (NYSE:GM) Stock Price
• Positive Sentiment: Coverage highlighting why investors should remain bullish on GM points to its strategic pivot into energy as a longer-term growth driver, helping offset softer U.S. sales trends. Why Investors Should Be Bullish on General Motors Even as U.S. Sales Slip
• Neutral Sentiment: GM’s Ultium Cells unit began producing LFP batteries for energy storage systems at its Spring Hill plant, underscoring diversification beyond EV batteries, though the near-term stock impact is less direct. Ultium Cells launches production of LFP batteries for Energy Storage Systems
• Negative Sentiment: Reports of a GM Arlington plant employee shooting incident are likely a reputational and operational negative, but the market reaction should be limited unless more details emerge. GM Arlington Plant Employee Shot In Parking Lot By Fellow GM Employee

General Motors Stock Performance

GM stock traded up $1.28 during midday trading on Friday, hitting $77.93. 4,782,404 shares of the stock traded hands, compared to its average volume of 7,755,613. The firm has a market cap of $70.27 billion, a P/E ratio of 31.43, a PEG ratio of 0.39 and a beta of 1.31. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.15 and a quick ratio of 0.99. The stock’s fifty day simple moving average is $78.91 and its 200-day simple moving average is $79.12. General Motors Company has a 1-year low of $48.87 and a 1-year high of $87.62.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share for the quarter, beating analysts’ consensus estimates of $2.61 by $1.09. The company had revenue of $43.62 billion during the quarter, compared to analysts’ expectations of $43.51 billion. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.78 earnings per share. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. On average, analysts expect that General Motors Company will post 12.85 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend 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

In other General Motors news, CEO Mary T. Barra sold 215,391 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $80.01, for a total transaction of $17,233,433.91. Following the transaction, the chief executive officer owned 770,491 shares in the company, valued at approximately $61,646,984.91. This represents a 21.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 79,494 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $83.02, for a total value of $6,599,591.88. Following the completion of the sale, the executive vice president directly owned 46,519 shares in the company, valued at approximately $3,862,007.38. The trade was a 63.08% 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. In the last 90 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 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.