General Motors Company $GM Shares Sold by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. has reduced its holdings in General Motors Company by 26.1%, resulting in ownership of approximately 51,962 shares valued at $2,262,000.
• General Motors reported a net margin of 2.54% and revenues of $47.12 billion during its latest earnings quarter, exceeding analysts' expectations.
• The company has announced a quarterly dividend of $0.15 per share, which represents a 1.0% dividend yield and reflects a low payout ratio of 9.52%.

APG Asset Management N.V. lessened its stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 26.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,962 shares of the auto manufacturer's stock after selling 18,372 shares during the period. APG Asset Management N.V.'s holdings in General Motors were worth $2,262,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Cassia Capital Partners LLC raised its position in shares of General Motors by 63.0% during the 1st quarter. Cassia Capital Partners LLC now owns 18,683 shares of the auto manufacturer's stock worth $879,000 after purchasing an additional 7,221 shares during the last quarter. AustralianSuper Pty Ltd raised its holdings in General Motors by 38.9% in the 1st quarter. AustralianSuper Pty Ltd now owns 6,111,582 shares of the auto manufacturer's stock valued at $287,428,000 after acquiring an additional 1,712,033 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in General Motors in the 1st quarter valued at about $312,000. Boston Partners acquired a new stake in General Motors in the 1st quarter valued at about $719,000. Finally, Malaga Cove Capital LLC acquired a new stake in General Motors in the 1st quarter valued at about $292,000. Institutional investors and hedge funds own 92.67% of the company's stock.

Insider Buying and Selling at General Motors

In other General Motors news, CEO Mary T. Barra sold 907,024 shares of the firm's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $58.24, for a total value of $52,825,077.76. Following the completion of the transaction, the chief executive officer owned 552,238 shares of the company's stock, valued at $32,162,341.12. This trade represents a 62.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Christopher Hatto sold 36,804 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $55.10, for a total transaction of $2,027,900.40. Following the completion of the transaction, the chief accounting officer directly owned 12,007 shares of the company's stock, valued at $661,585.70. This represents a 75.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,070,311 shares of company stock valued at $62,095,433 in the last 90 days. Company insiders own 0.54% of the company's stock.

General Motors Trading Up 0.3%

Shares of NYSE:GM traded up $0.15 during mid-day trading on Friday, reaching $58.64. 4,971,207 shares of the company were exchanged, compared to its average volume of 6,737,402. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05. The firm has a market cap of $55.83 billion, a price-to-earnings ratio of 9.31, a P/E/G ratio of 1.23 and a beta of 1.36. The firm's 50-day simple moving average is $53.53 and its 200 day simple moving average is $49.58. General Motors Company has a 1 year low of $41.60 and a 1 year high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, topping analysts' consensus estimates of $2.52 by $0.01. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The firm had revenue of $47.12 billion during the quarter, compared to analysts' expectations of $45.87 billion. During the same quarter last year, the company posted $3.06 EPS. The firm's quarterly revenue was down 1.8% on a year-over-year basis. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Equities research analysts forecast that General Motors Company will post 11.44 EPS for the current year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, September 5th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, September 5th. General Motors's dividend payout ratio (DPR) is currently 9.52%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of General Motors from $34.00 to $38.00 and gave the company an "underweight" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price objective on shares of General Motors from $56.00 to $60.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Piper Sandler restated a "neutral" rating and set a $48.00 price target (up previously from $43.00) on shares of General Motors in a report on Thursday, May 22nd. BNP Paribas upgraded shares of General Motors to a "strong-buy" rating in a report on Monday, May 5th. Finally, Barclays raised their price target on shares of General Motors from $45.00 to $55.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $58.05.

General Motors Company Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.