BI Asset Management Fondsmaeglerselskab A S Sells 425,477 Shares of General Motors Company $GM

Key Points

• BI Asset Management Fondsmaeglerselskab A S cut its GM stake by 76.6% in the first quarter, selling 425,477 shares and leaving it with 129,636 shares worth about $9.66 million.
• GM reported better-than-expected quarterly results, with EPS of $3.70 versus the $2.61 consensus and revenue of $43.62 billion, while also maintaining FY 2026 EPS guidance of 10.62 to 12.62.
• The company continues to see mixed signals from insiders and analysts: insiders have sold shares recently, but Wall Street’s overall view remains Moderate Buy with an average price target of $95.65, above the stock’s recent price around $79.45.

BI Asset Management Fondsmaeglerselskab A S lowered its position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 76.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,636 shares of the auto manufacturer's stock after selling 425,477 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in General Motors were worth $9,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in GM. Brighton Jones LLC lifted its holdings in shares of General Motors by 456.1% in the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer's stock worth $2,062,000 after acquiring an additional 31,755 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in shares of General Motors by 61.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 18,548 shares of the auto manufacturer's stock valued at $913,000 after purchasing an additional 7,058 shares during the last quarter. Baird Financial Group Inc. raised its position in General Motors by 4.8% in the 2nd quarter. Baird Financial Group Inc. now owns 37,524 shares of the auto manufacturer's stock worth $1,847,000 after purchasing an additional 1,706 shares during the period. Jump Financial LLC lifted its stake in General Motors by 45.7% in the second quarter. Jump Financial LLC now owns 25,366 shares of the auto manufacturer's stock worth $1,248,000 after purchasing an additional 7,951 shares during the last quarter. Finally, AXA S.A. lifted its stake in General Motors by 69.4% in the second quarter. AXA S.A. now owns 66,547 shares of the auto manufacturer's stock worth $3,275,000 after purchasing an additional 27,270 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at General Motors

In related news, CAO Christopher Hatto sold 6,895 shares of the business's stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $85.00, for a total transaction of $586,075.00. Following the sale, the chief accounting officer owned 25,794 shares of the company's stock, valued at $2,192,490. The trade was a 21.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 79,494 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $3,862,007.38. This trade represents a 63.08% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 697,388 shares of company stock valued at $57,752,596. 0.54% of the stock is currently owned by company insiders.

General Motors Price Performance

GM stock opened at $79.45 on Monday. General Motors Company has a 1 year low of $47.63 and a 1 year high of $87.62. The company has a market cap of $71.64 billion, a P/E ratio of 32.04, a PEG ratio of 0.40 and a beta of 1.30. The firm has a 50-day moving average of $79.17 and a 200 day moving average of $79.26. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.15 and a quick ratio of 0.99.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 EPS for the quarter, topping the consensus estimate of $2.61 by $1.09. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The business had revenue of $43.62 billion during the quarter, compared to analyst estimates of $43.51 billion. During the same period last year, the business posted $2.78 earnings per share. General Motors's quarterly revenue was down .9% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. On average, sell-side analysts forecast that General Motors Company will post 12.85 EPS for the current year.

General Motors Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.72 annualized dividend and a yield of 0.9%. General Motors's dividend payout ratio (DPR) is currently 29.03%.

Analyst Upgrades and Downgrades

GM has been the topic of several analyst reports. Wedbush reiterated an "outperform" rating and issued a $95.00 price objective on shares of General Motors in a report on Monday, May 11th. Wall Street Zen upgraded General Motors from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. Mizuho decreased their price target on General Motors from $105.00 to $100.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 29th. Citigroup increased their price objective on General Motors from $108.00 to $131.00 and gave the company a "buy" rating in a research note on Monday, June 1st. Finally, The Goldman Sachs Group decreased their target price on shares of General Motors from $104.00 to $91.00 and set a "buy" rating on the stock in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $95.65.

Key Headlines Impacting General Motors

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

• Positive Sentiment: GM Defense announced a collaboration with Lockheed Martin to support U.S. defense manufacturing, a potentially strategic business win that could diversify GM’s industrial footprint and improve investor sentiment. GM Defense, Lockheed Martin to collaborate on US defense manufacturing
• Positive Sentiment: GM also highlighted a software update enabling certain U.S. EV owners to send power back to the electric grid, expanding its vehicle-to-home energy capabilities and reinforcing its EV technology narrative. General Motors (GM) Shares Key Software Update to Enable Power Transmition
• Neutral Sentiment: Recent coverage noted GM’s CEO Mary Barra sold 99,239 shares under a pre-arranged 10b5-1 plan; this is routine insider activity, but it can still create mild investor caution. General Motors NYSE: GM CEO Mary Barra Sells 99,239 Shares of Stock
• Neutral Sentiment: There was also attention on GM’s pickup demand shifting faster than expected and a possible Silverado 1500 production change at Oshawa, which suggests product-mix and manufacturing adjustments rather than a clear near-term earnings impact. GM Says Buyers Are Moving Away From Pickups Faster Than Expected GM Reportedly Ending Chevy Silverado 1500 Production At Oshawa Plant
• Negative Sentiment: A GMC dealer lawsuit alleging allocation practices are hurting its business could raise relationship and reputational concerns if it escalates. GMC Dealer Sues GM, Claims Vehicle Allocation Strategy Is Driving It Out Of Business
• Negative Sentiment: Another lawsuit seeking $15 million against GMC adds to legal overhang and may contribute to downside sentiment for GM shares. GMC sued for $15 million by longtime ally as allegations get raised
• Negative Sentiment: Coverage of factory tension at GM’s Factory Zero, including cobot deployment alongside layoffs, may reinforce investor worries about labor friction and restructuring costs. GM, UAW face sudden high-stakes factory rift

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.

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