Swedbank AB Sells 74,402 Shares of General Motors Company $GM

Swedbank AB lessened its position in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 7.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 934,048 shares of the auto manufacturer’s stock after selling 74,402 shares during the quarter. Swedbank AB owned about 0.10% of General Motors worth $56,949,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Corient Private Wealth LLC boosted its holdings in shares of General Motors by 6.2% in the 2nd quarter. Corient Private Wealth LLC now owns 341,426 shares of the auto manufacturer’s stock worth $16,802,000 after purchasing an additional 20,017 shares during the period. Engineers Gate Manager LP boosted its stake in General Motors by 200.3% during the second quarter. Engineers Gate Manager LP now owns 1,282,075 shares of the auto manufacturer’s stock worth $63,091,000 after buying an additional 855,137 shares during the period. Capital Investment Advisors LLC increased its position in General Motors by 6.3% during the second quarter. Capital Investment Advisors LLC now owns 8,811 shares of the auto manufacturer’s stock valued at $434,000 after acquiring an additional 526 shares during the last quarter. Ieq Capital LLC raised its stake in shares of General Motors by 233.7% in the first quarter. Ieq Capital LLC now owns 507,213 shares of the auto manufacturer’s stock valued at $23,854,000 after acquiring an additional 355,235 shares during the period. Finally, United Advisor Group LLC bought a new stake in shares of General Motors in the 2nd quarter worth about $220,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting General Motors

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

Insider Transactions at General Motors

In other news, EVP Rory Harvey sold 6,600 shares of the stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $61.95, for a total transaction of $408,870.00. Following the transaction, the executive vice president directly owned 8,513 shares in the company, valued at approximately $527,380.35. This trade represents a 43.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Christopher Hatto sold 7,724 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $72.00, for a total transaction of $556,128.00. Following the completion of the transaction, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at $864,504. This trade represents a 39.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 314,021 shares of company stock valued at $20,808,292. Company insiders own 0.54% of the company’s stock.

General Motors Trading Up 0.1%

Shares of NYSE GM opened at $82.82 on Thursday. General Motors Company has a twelve month low of $41.60 and a twelve month high of $83.68. The firm has a market cap of $77.26 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 0.75 and a beta of 1.30. The business has a fifty day simple moving average of $72.38 and a two-hundred day simple moving average of $60.94. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 1.40.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.48. The business had revenue of $48.59 billion for the quarter, compared to the consensus estimate of $44.60 billion. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The business’s revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Analysts expect that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Friday, December 5th were issued a $0.15 dividend. The ex-dividend date was Friday, December 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.7%. General Motors’s payout ratio is currently 12.07%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Royal Bank Of Canada increased their price objective on shares of General Motors from $77.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Wall Street Zen downgraded General Motors from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Zacks Research upgraded General Motors from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Benchmark reiterated a “buy” rating on shares of General Motors in a research note on Wednesday, October 22nd. Finally, Morgan Stanley upgraded General Motors from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $54.00 to $90.00 in a research report on Monday, December 8th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.76.

Get Our Latest Stock Report on General Motors

General Motors Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for General Motors (NYSE:GM)

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