BI Asset Management Fondsmaeglerselskab A S Purchases 163,173 Shares of General Motors Company $GM

Key Points

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BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 55.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 458,153 shares of the auto manufacturer's stock after purchasing an additional 163,173 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in General Motors were worth $21,547,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Measured Risk Portfolios Inc. acquired a new position in shares of General Motors during the fourth quarter worth approximately $27,000. Transce3nd LLC acquired a new position in shares of General Motors during the fourth quarter worth approximately $34,000. Costello Asset Management INC acquired a new stake in General Motors in the first quarter worth approximately $32,000. Ossiam acquired a new stake in General Motors in the fourth quarter worth approximately $44,000. Finally, North Capital Inc. acquired a new stake in General Motors in the first quarter worth approximately $40,000. 92.67% of the stock is owned by institutional investors.

General Motors Stock Up 3.2%

General Motors stock traded up $1.7930 during mid-day trading on Friday, hitting $58.3030. 6,313,781 shares of the company's stock were exchanged, compared to its average volume of 7,222,763. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42. The stock has a market cap of $55.51 billion, a P/E ratio of 9.25, a P/E/G ratio of 1.20 and a beta of 1.36. The stock has a 50 day moving average of $52.51 and a two-hundred day moving average of $49.19. 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 issued its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, beating analysts' consensus estimates of $2.52 by $0.01. The business had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The firm's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, analysts anticipate that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GM shares. Piper Sandler restated a "neutral" rating and issued a $48.00 target price (up from $43.00) on shares of General Motors in a research report on Thursday, May 22nd. Citigroup increased their price objective on General Motors from $59.00 to $61.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. The Goldman Sachs Group reiterated a "buy" rating on shares of General Motors in a research report on Friday, July 11th. BNP Paribas upgraded General Motors to a "strong-buy" rating in a research report on Monday, May 5th. Finally, Mizuho increased their price objective on General Motors from $53.00 to $58.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $58.05.

Insider Activity

In related news, EVP Rory Harvey sold 23,977 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $53.01, for a total value of $1,271,020.77. Following the completion of the sale, the executive vice president owned 8,513 shares in the company, valued at approximately $451,274.13. This trade represents a 73.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Christopher Hatto sold 36,804 shares of the firm's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $55.10, for a total transaction of $2,027,900.40. Following the transaction, the chief accounting officer owned 12,007 shares of the company's stock, valued at approximately $661,585.70. This represents a 75.40% decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

About General Motors

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.