General Motors Company $GM Shares Acquired by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its GM stake by 13.9% in the third quarter, purchasing 143,713 additional shares and bringing its holdings to 1.18 million shares valued at approximately $90.5 million. Institutional investors and hedge funds collectively own 92.67% of GM.
• Analysts remain broadly bullish, with a consensus rating of “Moderate Buy” and an average price target of $101.22; several firms recently raised their targets to between $99 and $105.
• GM recently exceeded quarterly earnings and revenue estimates, while investors are watching upcoming results, digital-services growth and EV technology. Risks include alleged engine defects, insider share sales and concerns that the stock’s strong performance may have outpaced underlying vehicle sales and profitability.

Assenagon Asset Management S.A. lifted its stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 13.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,175,749 shares of the auto manufacturer's stock after buying an additional 143,713 shares during the period. Assenagon Asset Management S.A. owned about 0.13% of General Motors worth $90,533,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of General Motors during the second quarter valued at approximately $5,958,995,000. Bank of America Corp DE acquired a new stake in General Motors during the second quarter worth $629,465,000. Legal & General Group Plc acquired a new stake in General Motors during the second quarter worth $599,066,000. Bank of New York Mellon Corp bought a new stake in General Motors in the 2nd quarter valued at $522,916,000. Finally, Deutsche Bank AG bought a new stake in General Motors in the 2nd quarter valued at $383,939,000. 92.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Benchmark reiterated a "buy" rating and set a $105.00 target price (up from $90.00) on shares of General Motors in a research report on Tuesday, July 21st. Jefferies Financial Group raised General Motors from a "hold" rating to a "buy" rating and lifted their price objective for the company from $90.00 to $99.00 in a report on Monday, July 27th. Royal Bank Of Canada upped their price objective on General Motors from $100.00 to $102.00 and gave the company an "outperform" rating in a research note on Monday. Truist Financial set a $105.00 target price on General Motors in a report on Wednesday, October 7th. Finally, TD Cowen restated a "hold" rating on shares of General Motors in a research report on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $101.22.

Key Stories Impacting General Motors

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

• Positive Sentiment: Analysts expect GM to beat third-quarter earnings estimates, supported by resilient vehicle demand, strategic pricing and higher deliveries. The company is among four automakers identified as having a favorable Earnings ESP setup. Q3 Auto Earnings Preview
• Positive Sentiment: GM is being highlighted as a strong value stock, which may attract investors as money moves away from richly valued technology shares. Its prior quarter also showed earnings and revenue above consensus estimates, although investors will focus on whether that momentum continued in Q3. GM Value Stock Analysis
• Positive Sentiment: GM’s expansion of higher-margin digital services, including OnStar and Super Cruise, could improve profitability beyond traditional vehicle sales. The company is also progressing toward eyes-off driving technology, with an anticipated launch in the 2028 Cadillac Escalade IQ. Developments Affecting Ford and GM
• Neutral Sentiment: GM is attracting unusually high investor attention ahead of its earnings release. That visibility can support trading interest, but the coverage itself does not change the company’s fundamentals. GM Trending Stock
• Neutral Sentiment: GlobalFoundries plans two New York semiconductor fabs backed by as much as $21 billion in Japanese funding, with GM listed among prospective customers before the facilities begin operating in 2029. The arrangement could strengthen long-term chip availability, but its financial impact is several years away. GlobalFoundries Chipmaking Deal
• Negative Sentiment: A proposed class-action lawsuit alleges GM concealed an engine defect that can cause failures. The claims remain allegations, but litigation, recalls or potential repair costs could create financial and reputational risks. GM Engine Defect Lawsuit
• Negative Sentiment: A recent analysis notes that GM’s stock has substantially outperformed the market even as vehicle sales remained roughly flat and profitability declined over the latest twelve months, raising concerns that valuation may be ahead of underlying business growth. GM Stock Performance Analysis

General Motors Stock Performance

Shares of NYSE:GM opened at $83.96 on Friday. The stock has a market capitalization of $73.67 billion, a P/E ratio of 6.65, a P/E/G ratio of 0.46 and a beta of 1.40. General Motors Company has a 1-year low of $57.55 and a 1-year high of $91.85. The company has a current ratio of 1.14, a quick ratio of 0.97 and a debt-to-equity ratio of 1.42. The business has a 50-day moving average price of $84.34 and a two-hundred day moving average price of $81.10.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.19 by $0.38. The company had revenue of $48.03 billion for the quarter, compared to analyst estimates of $47.01 billion. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The company's revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Equities analysts predict that General Motors Company will post 13.53 earnings per share for the current year.

General Motors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Friday, September 4th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, September 4th. General Motors's payout ratio is currently 36.36%.

Insider Activity at General Motors

In other General Motors news, EVP Rory Harvey sold 8,882 shares of the company's stock in a transaction on Monday, July 27th. The shares were sold at an average price of $86.95, for a total transaction of $772,289.90. Following the completion of the sale, the executive vice president owned 28,513 shares in the company, valued at approximately $2,479,205.35. The trade was a 23.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Hatto sold 6,895 shares of General Motors stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $90.00, for a total value of $620,550.00. Following the sale, the chief accounting officer directly owned 18,899 shares of the company's stock, valued at approximately $1,700,910. This trade represents a 26.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 549,665 shares of company stock worth $49,010,828. 0.44% of the stock is owned by company insiders.

General Motors Profile

General Motors Company NYSE: GM is a global automotive manufacturer headquartered in Detroit, Michigan. Founded in 1908, the company designs, manufactures and sells cars, trucks and sport utility vehicles under brands including Chevrolet, Buick, GMC and Cadillac.

GM serves customers primarily in North America and also operates in international markets. Its business includes gasoline-powered and electric vehicles, commercial and fleet vehicles, vehicle financing through GM Financial, and connected-vehicle services such as OnStar.

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