Handelsbanken Fonder AB Lowers Stake in General Motors Company $GM

Key Points

• Handelsbanken Fonder cut its General Motors stake by 50.4% in the second quarter, selling 88,191 shares and retaining 86,950 shares worth approximately $6.7 million. Institutional investors still own 92.67% of GM’s stock.
• GM reported quarterly EPS of $3.57 and revenue of $48.03 billion, exceeding analyst expectations. Analysts maintain a “Moderate Buy” consensus, with an average price target of $101.41.
• GM shares recently traded at $86.73, while the company declared a quarterly dividend of $0.18 per share. Executives, including CEO Mary Barra, also sold shares under pre-arranged trading plans, and the company faces risks from EV-demand uncertainty, potential North American trade changes and intensifying competition in China.

Handelsbanken Fonder AB reduced its stake in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 50.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,950 shares of the auto manufacturer's stock after selling 88,191 shares during the quarter. Handelsbanken Fonder AB's holdings in General Motors were worth $6,702,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in GM. Cibc World Market Inc. increased its holdings in shares of General Motors by 57.2% in the 4th quarter. Cibc World Market Inc. now owns 200,662 shares of the auto manufacturer's stock worth $16,318,000 after purchasing an additional 72,984 shares in the last quarter. M&T Bank Corp boosted its stake in shares of General Motors by 82.0% in the 4th quarter. M&T Bank Corp now owns 72,062 shares of the auto manufacturer's stock worth $5,860,000 after buying an additional 32,474 shares during the last quarter. Legacy Capital Group California Inc. increased its position in General Motors by 206.4% during the fourth quarter. Legacy Capital Group California Inc. now owns 21,004 shares of the auto manufacturer's stock valued at $1,708,000 after acquiring an additional 14,150 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in General Motors by 16.2% in the first quarter. Janney Montgomery Scott LLC now owns 202,172 shares of the auto manufacturer's stock valued at $15,062,000 after acquiring an additional 28,163 shares during the period. Finally, Leonteq Securities AG purchased a new position in General Motors in the fourth quarter worth about $17,753,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on GM shares. TD Cowen increased their price target on shares of General Motors from $126.00 to $132.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. Tigress Financial raised their target price on General Motors from $92.00 to $130.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 28th. JPMorgan Chase & Co. boosted their price target on General Motors from $110.00 to $120.00 and gave the company an "overweight" rating in a report on Wednesday, July 22nd. Benchmark restated a "buy" rating on shares of General Motors in a research report on Tuesday, July 21st. Finally, UBS Group reaffirmed a "buy" rating on shares of General Motors in a research report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $101.41.

General Motors Trading Up 0.4%

Shares of GM stock opened at $86.73 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.97 and a current ratio of 1.14. The stock has a fifty day simple moving average of $81.66 and a two-hundred day simple moving average of $79.53. The firm has a market capitalization of $76.10 billion, a PE ratio of 43.80, a PEG ratio of 0.39 and a beta of 1.30. General Motors Company has a 52-week low of $54.33 and a 52-week high of $91.85.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings data on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share 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 quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.53 earnings per share. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. On average, analysts predict that General Motors Company will post 13.29 EPS for the current fiscal year.

General Motors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Friday, September 4th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.72 annualized dividend and a yield of 0.8%. General Motors's dividend payout ratio is 36.36%.

Insider Transactions at General Motors

In other General Motors news, CEO Mary T. Barra sold 318,448 shares of the firm's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $90.38, for a total transaction of $28,781,330.24. Following the transaction, the chief executive officer owned 428,994 shares of the company's stock, valued at approximately $38,772,477.72. This trade represents a 42.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Grant Michael Dixton sold 40,000 shares of the business's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $88.44, for a total transaction of $3,537,600.00. Following the completion of the transaction, the executive vice president owned 54,992 shares of the company's stock, valued at $4,863,492.48. This represents a 42.11% 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 quarter. 0.44% of the stock is owned by corporate insiders.

General Motors News Roundup

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

• Positive Sentiment: Ohio EV battery production is restarting. GM and LG Energy Solution plan to resume battery-cell production at their Ohio facility after a seven-month shutdown, bringing approximately 1,400 workers back. The restart could improve plant utilization and supports GM’s efforts to expand EV production, although it also suggests demand and capacity remain closely managed. Why Is General Motors Resuming EV Battery Production in Ohio?
• Positive Sentiment: Expectations for future earnings are improving. An analyst raised estimates for GM’s fiscal 2027 earnings, adding to the recent bullish narrative around stronger core operations, improving profitability, and growth in software and digital services. GM’s prior quarterly results also exceeded consensus estimates for revenue and EPS. FY2027 EPS Estimates for General Motors Raised by Analyst
• Neutral Sentiment: GM is stepping back from an Indiana battery project while preserving its Samsung SDI relationship. Exiting a planned joint venture valued at approximately $3.5 billion may reduce near-term capital commitments and reflect a more disciplined approach to EV capacity. However, the decision also highlights uncertainty about battery demand and the pace of EV adoption. GM Steps Back From Indiana Battery Project While Maintaining Samsung SDI Partnership
• Negative Sentiment: Potential changes to the North American trade agreement are a major risk. Detroit automakers are warning that proposed revisions could cost the industry billions and weaken competitiveness. Higher costs, disrupted supply chains, or reduced tariff benefits would pressure GM’s margins and vehicle pricing. Detroit automakers fear North American trade deal revamp could cost them billions
• Negative Sentiment: GM’s retreat from China reflects longer-term competitive and growth concerns. The U.S. automaker is reducing its exposure to China as local manufacturers expand and move closer to Western markets, limiting GM’s growth opportunities in the world’s largest auto market. American auto retreat from China accelerates

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.

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