Deutsche Bank AG Makes New $383.94 Million Investment in General Motors Company $GM

Deutsche Bank AG bought a new stake in General Motors Company (NYSE:GM) (TSE:GMM.U) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,981,040 shares of the auto manufacturer’s stock, valued at approximately $383,939,000. Deutsche Bank AG owned 0.57% of General Motors as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in GM. Laurel Wealth Advisors LLC bought a new position in General Motors in the fourth quarter valued at about $25,000. Evergreen Advisors LLC bought a new stake in General Motors during the 1st quarter worth about $26,000. SouthState Bank Corp lifted its position in General Motors by 101.7% during the 4th quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock valued at $29,000 after purchasing an additional 177 shares during the period. Kelleher Financial Advisors acquired a new position in General Motors during the 3rd quarter valued at about $29,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of General Motors in the 4th quarter valued at about $30,000. Institutional investors own 92.67% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wedbush reiterated an “outperform” rating and set a $95.00 price target on shares of General Motors in a research report on Monday, May 11th. Wall Street Zen raised shares of General Motors from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Royal Bank Of Canada lifted their target price on shares of General Motors from $94.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. TD Cowen upped their target price on shares of General Motors from $126.00 to $132.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Finally, Tigress Financial increased their price target on General Motors from $92.00 to $130.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 28th. One investment 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 issued a Sell rating to the company. Based on data from MarketBeat, General Motors presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.41.

Insider Transactions at General Motors

In other news, EVP Rory Harvey sold 8,882 shares of General Motors stock in a transaction that occurred 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 directly owned 28,513 shares in the company, valued at $2,479,205.35. This trade represents a 23.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Mark L. Reuss sold 71,079 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $89.97, for a total transaction of $6,394,977.63. Following the completion of the sale, the president directly owned 92,293 shares in the company, valued at approximately $8,303,601.21. This represents a 43.51% decrease in their position. 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 three months, insiders have sold 1,247,053 shares of company stock worth $106,763,425. Corporate insiders own 0.44% of the company’s stock.

General Motors Price Performance

GM stock opened at $84.45 on Tuesday. The stock has a 50-day moving average price of $81.67 and a two-hundred day moving average price of $79.52. General Motors Company has a 1 year low of $54.33 and a 1 year high of $91.85. The stock has a market cap of $74.10 billion, a PE ratio of 42.65, a price-to-earnings-growth ratio of 0.40 and a beta of 1.30. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 1.42.

General Motors (NYSE:GM) (TSE:GMM.U) last issued 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. The company had revenue of $48.03 billion for 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 quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.53 earnings per share. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Equities analysts forecast that General Motors Company will post 13.29 EPS for the current fiscal year.

General Motors Dividend Announcement

The company 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 $0.18 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.72 annualized dividend and a yield of 0.9%. General Motors’s payout ratio is presently 36.36%.

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.