Resona Asset Management Co. Ltd. Sells 7,346 Shares of General Motors Company $GM

Resona Asset Management Co. Ltd. decreased its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 2.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 291,898 shares of the auto manufacturer’s stock after selling 7,346 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in General Motors were worth $21,655,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC acquired a new stake in shares of General Motors during the fourth quarter worth approximately $25,000. Elevation Wealth Partners LLC boosted its holdings in shares of General Motors by 500.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 275 shares in the last quarter. SouthState Bank Corp grew 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 worth $29,000 after acquiring an additional 177 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in General Motors during the 4th quarter valued at $30,000. Finally, Founders Capital Management acquired a new stake in General Motors during the 4th quarter valued at $31,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Rory Harvey sold 9,124 shares of General Motors stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $84.97, for a total transaction of $775,266.28. Following the completion of the transaction, the executive vice president directly owned 37,395 shares in the company, valued at approximately $3,177,453.15. The trade was a 19.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Hatto sold 6,895 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $85.00, for a total value of $586,075.00. Following the transaction, the chief accounting officer directly owned 25,794 shares in the company, valued at $2,192,490. The trade was a 21.09% 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. In the last ninety days, insiders have sold 697,388 shares of company stock valued at $57,752,596. 0.54% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on GM shares. JPMorgan Chase & Co. boosted their price objective on General Motors from $98.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday. Wedbush reiterated an “outperform” rating and issued a $95.00 price objective on shares of General Motors in a research report on Monday, May 11th. Barclays lowered their price target on shares of General Motors from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Monday, March 30th. Piper Sandler reaffirmed an “overweight” rating and set a $102.00 price objective on shares of General Motors in a research note on Wednesday, April 29th. Finally, Citigroup upped their target price on shares of General Motors from $108.00 to $131.00 and gave the company a “buy” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, General Motors presently has an average rating of “Moderate Buy” and a consensus price target of $96.13.

Trending Headlines about General Motors

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

• Positive Sentiment: JPMorgan raised its price target on GM to $110 from $98 and kept an overweight rating, signaling confidence that the stock has room to run from current levels. Benzinga
• Positive Sentiment: JPMorgan also said GM has underperformed in 2026 and could be due for a comeback, which may be helping investor sentiment. CNBC
• Positive Sentiment: GM reported its third consecutive profitable quarter in China, suggesting its international operations remain resilient. China Daily
• Positive Sentiment: GM and Ford signed memory supply agreements with Micron to secure next-generation vehicle components, a move that could improve supply-chain stability for future vehicle programs. Supply Chain Dive
• Positive Sentiment: Ultium Cells began producing LFP batteries for energy storage systems at its Spring Hill plant, reinforcing GM’s push into energy and battery-related growth avenues. Just Auto
• Neutral Sentiment: Articles highlighting GM’s history, Corvette design stories, and new Corvette orders are more brand-focused than financially material, so they are unlikely to move the stock much. AutoEvolution
• Neutral Sentiment: Coverage suggesting investors can still be bullish on GM despite slipping U.S. sales reinforces the “value/cash flow” bull case, but it is largely commentary rather than new hard data. The Motley Fool
• Negative Sentiment: GM continues to face headlines around U.S. sales softness and a Cadillac Vistiq recall, which could weigh on sentiment even if the issues are not yet large enough to outweigh the bullish analyst and strategy news. AutoGuide

General Motors Price Performance

Shares of GM opened at $76.59 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. General Motors Company has a twelve month low of $48.87 and a twelve month high of $87.62. The company has a 50 day moving average of $78.89 and a 200-day moving average of $79.13. The stock has a market capitalization of $69.06 billion, a P/E ratio of 30.88, a P/E/G ratio of 0.38 and a beta of 1.31.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 EPS for the quarter, topping the consensus estimate of $2.61 by $1.09. The firm had revenue of $43.62 billion for 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 company’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.78 EPS. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, equities research analysts forecast that General Motors Company will post 12.85 EPS for the current fiscal year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were 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 of this dividend was Friday, June 5th. General Motors’s dividend payout ratio is 29.03%.

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.