Assenagon Asset Management S.A. Has $79.55 Million Position in General Motors Company $GM

Key Points

• Assenagon Asset Management cut its GM stake by 18.1% in the second quarter, selling 228,333 shares but retaining 1.03 million shares valued at approximately $79.55 million. Institutional investors collectively own 92.67% of GM.
• GM reported quarterly EPS of $3.57 and revenue of $48.03 billion, beating analyst estimates, while revenue rose 1.9% year over year. The company maintained 2026 EPS guidance of $12–$14 and declared a quarterly dividend of $0.18 per share.
• Analysts remain broadly positive, with GM carrying a “Moderate Buy” consensus rating and an average price target of $101.41 versus its $87.60 opening price. However, executives—including CEO Mary Barra—sold shares, and intensifying competition from lower-priced electric vehicles could pressure GM’s EV margins and market share.

Assenagon Asset Management S.A. trimmed its stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 18.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,032,036 shares of the auto manufacturer's stock after selling 228,333 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.11% of General Motors worth $79,549,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in GM. Tsfg LLC lifted its stake in shares of General Motors by 5.7% in the fourth quarter. Tsfg LLC now owns 2,241 shares of the auto manufacturer's stock worth $182,000 after acquiring an additional 120 shares during the period. Bogart Wealth LLC increased its position in General Motors by 15.6% during the 4th quarter. Bogart Wealth LLC now owns 905 shares of the auto manufacturer's stock valued at $74,000 after purchasing an additional 122 shares during the period. Sumitomo Life Insurance Co. lifted its position in shares of General Motors by 0.7% in the 4th quarter. Sumitomo Life Insurance Co. now owns 19,477 shares of the auto manufacturer's stock worth $1,584,000 after purchasing an additional 127 shares during the period. PDS Planning Inc boosted its stake in shares of General Motors by 3.4% in the 4th quarter. PDS Planning Inc now owns 3,996 shares of the auto manufacturer's stock valued at $325,000 after purchasing an additional 131 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in General Motors by 2.0% during the fourth quarter. UMB Bank n.a. now owns 6,887 shares of the auto manufacturer's stock valued at $560,000 after acquiring an additional 136 shares during the last quarter. Institutional investors own 92.67% of the company's stock.

General Motors Price Performance

NYSE GM opened at $87.60 on Friday. The firm's 50-day simple moving average is $81.14 and its two-hundred day simple moving average is $79.27. General Motors Company has a 52 week low of $53.09 and a 52 week high of $91.85. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 1.42. The company has a market cap of $76.87 billion, a PE ratio of 44.24, a price-to-earnings-growth ratio of 0.40 and a beta of 1.30.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 EPS for the quarter, topping analysts' consensus estimates of $3.19 by $0.38. The firm had revenue of $48.03 billion during 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 business's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the company earned $2.53 earnings per share. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Research analysts predict that General Motors Company will post 13.29 earnings per share for the current year.

General Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Friday, September 4th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, September 4th. General Motors's dividend payout ratio (DPR) is 36.36%.

Analysts Set New Price Targets

GM has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of General Motors in a research note on Friday, July 17th. Barclays increased their price target on General Motors from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Wednesday, July 22nd. Piper Sandler reaffirmed an "overweight" rating and set a $102.00 price objective on shares of General Motors in a research report on Wednesday, April 29th. TD Cowen lifted their price objective on shares of General Motors from $126.00 to $132.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. Finally, Citigroup increased their target price on shares of General Motors from $108.00 to $131.00 and gave the stock a "buy" rating in a research note on Monday, June 1st. One equities research 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $101.41.

Key Stories Impacting General Motors

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

• Positive Sentiment: Analysts raised earnings estimates. Zacks Research increased its FY2027 EPS forecast to $13.36 from $12.51 and lifted estimates for several 2026–2028 quarters, including FY2028 EPS to $12.70 from $12.33. The revisions suggest greater confidence in GM’s profitability and provide a positive catalyst for the stock. General Motors FY2026 EPS Estimate Boosted by Zacks Research
• Positive Sentiment: GM extended its SAIC joint venture in China through 2047. The long-term agreement preserves GM’s access to Chinese manufacturing, technology and distribution capabilities, while positioning China as a potential hub for Buick and Cadillac electric vehicles. It could support scale and lower production costs, although the market will weigh ongoing competition and geopolitical risks. GM And China Are Teaming Up For Another 20 Years
• Positive Sentiment: GM’s truck-led EV transition is drawing investor attention. The company is emphasizing electric pickups and SUVs, where its established truck franchise may provide a competitive advantage as EV adoption broadens. Its joint fast-charging network with Pilot and EVgo has surpassed 300 sites and 1,300 stalls across 40 states, improving charging access for customers. General Motors draws attention as trucks anchor an electric transition
• Positive Sentiment: GM highlighted its economic footprint. A company report cited roughly 7,000 local jobs and substantial economic activity in Flint, while a Louisiana Delta Community College partnership will expand automotive career pathways. These initiatives support workforce development and GM’s relationships with local communities. GM economic report highlights 7,000 local jobs, impact in Flint
• Neutral Sentiment: Industry results were broadly constructive. Strong quarterly reports from suppliers BorgWarner, Garrett Motion and Magna point to resilient automotive demand and cost-control benefits, but do not directly change GM’s outlook. Honda also reported an earnings beat, indicating healthy industry conditions.
• Negative Sentiment: Affordable EV competition is intensifying. Ford unveiled the $28,350 Fathom electric pickup, targeting the value segment GM is also pursuing. A successful low-cost rival could pressure GM’s EV pricing, market share and margins. Ford’s new Fathom is its cheap EV pickup

Insiders Place Their Bets

In other news, EVP Rory Harvey sold 79,494 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $83.02, for a total transaction of $6,599,591.88. Following the completion of the sale, the executive vice president owned 46,519 shares of the company's stock, valued at approximately $3,862,007.38. This represents a 63.08% decrease in their ownership of the stock. The transaction 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, CEO Mary T. Barra sold 318,448 shares of General Motors stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $90.38, for a total transaction of $28,781,330.24. Following the completion of the transaction, the chief executive officer directly owned 428,994 shares in the company, valued at approximately $38,772,477.72. The trade was a 42.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,247,053 shares of company stock worth $106,763,425 over the last three months. Company insiders own 0.44% of the company's stock.

About General Motors

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source