Mn Services Vermogensbeheer B.V. Has $17.78 Million Holdings in General Motors Company $GM

Key Points

• Mn Services Vermogensbeheer B.V. reduced its stake in General Motors by 27.7% during Q2, selling 138,700 shares, leaving it with holdings valued at $17,775,000.
• Several institutional investors, including Swedbank AB and Sivia Capital Partners LLC, increased their shares in General Motors, indicating mixed market sentiment.
• General Motors recently disclosed a $0.15 quarterly dividend, representing an annualized yield of 1.0% and a payout ratio of 9.52%.

Mn Services Vermogensbeheer B.V. cut its holdings in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 27.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 361,200 shares of the auto manufacturer's stock after selling 138,700 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in General Motors were worth $17,775,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in GM. Brighton Jones LLC increased its stake 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 valued at $2,062,000 after acquiring an additional 31,755 shares during the last quarter. Vident Advisory LLC increased its stake in shares of General Motors by 8.3% in the 4th quarter. Vident Advisory LLC now owns 15,982 shares of the auto manufacturer's stock valued at $851,000 after acquiring an additional 1,223 shares during the last quarter. Woodline Partners LP bought a new stake in shares of General Motors in the 4th quarter valued at about $3,518,000. Waverly Advisors LLC increased its stake in shares of General Motors by 71.9% in the 4th quarter. Waverly Advisors LLC now owns 21,166 shares of the auto manufacturer's stock valued at $1,127,000 after acquiring an additional 8,851 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of General Motors by 13.1% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 215,217 shares of the auto manufacturer's stock valued at $11,465,000 after acquiring an additional 24,929 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. The Goldman Sachs Group reaffirmed a "buy" rating on shares of General Motors in a research note on Friday, July 11th. Citigroup increased their target price on General Motors from $61.00 to $75.00 and gave the stock a "buy" rating in a research note on Monday. Wells Fargo & Company increased their target price on General Motors from $34.00 to $38.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 23rd. CLSA raised General Motors to a "moderate buy" rating in a research note on Monday, July 7th. Finally, JPMorgan Chase & Co. increased their target price on General Motors from $56.00 to $60.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, General Motors currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.74.

Insider Transactions at General Motors

In other news, CEO Mary T. Barra sold 29,486 shares of General Motors stock in a transaction on Friday, September 12th. The stock was sold at an average price of $59.92, for a total transaction of $1,766,801.12. Following the completion of the sale, the chief executive officer owned 633,527 shares of the company's stock, valued at approximately $37,960,937.84. This trade represents a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Rory Harvey sold 4,459 shares of General Motors stock in a transaction on Friday, September 12th. The stock was sold at an average price of $59.95, for a total value of $267,317.05. Following the sale, the executive vice president directly owned 8,513 shares of the company's stock, valued at $510,354.35. This represents a 34.37% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,104,256 shares of company stock valued at $64,129,551. 0.54% of the stock is currently owned by corporate insiders.

General Motors Stock Down 0.1%

Shares of NYSE:GM traded down $0.04 during midday trading on Monday, hitting $58.94. The stock had a trading volume of 7,633,787 shares, compared to its average volume of 6,589,462. General Motors Company has a 12 month low of $41.60 and a 12 month high of $61.24. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 1.42. The business's 50-day simple moving average is $55.82 and its 200-day simple moving average is $50.83. The company has a market cap of $56.12 billion, a P/E ratio of 9.36, a PEG ratio of 1.24 and a beta of 1.32.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The business had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $45.87 billion. During the same quarter last year, the firm posted $3.06 EPS. The company'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. On average, sell-side analysts forecast that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, September 5th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.0%. General Motors's dividend payout ratio (DPR) is currently 9.52%.

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.