Livforsakringsbolaget Skandia Omsesidigt Makes New $20.65 Million Investment in General Motors Company $GM

Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 268,019 shares of the auto manufacturer's stock, valued at approximately $20,654,000.

A number of other institutional investors also recently modified their holdings of GM. BlackRock Inc. acquired a new stake in General Motors in the second quarter worth $5,958,995,000. Norges Bank acquired a new position in shares of General Motors during the fourth quarter valued at about $918,724,000. Bank of America Corp DE bought a new position in shares of General Motors during the 2nd quarter worth about $629,465,000. Legal & General Group Plc acquired a new stake in shares of General Motors in the 2nd quarter valued at about $599,066,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of General Motors in the 2nd quarter valued at about $522,916,000. Institutional investors and hedge funds own 92.67% of the company's stock.

General Motors News Summary

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

• Positive Sentiment: Ultium Cells is recalling laid-off workers at its Lordstown, Ohio, battery plant as orders from GM increase. The development suggests improving utilization of GM’s EV battery operations and could support progress toward better EV economics. Ultium Cells in Lordstown recalls laid-off workers as GM battery orders rise
• Positive Sentiment: Analyst coverage remains constructive: brokerages reportedly assign GM a consensus price target of $101.41, implying further upside from current levels if the company meets earnings expectations. General Motors Company Receives $101.41 Consensus PT from Brokerages
• Positive Sentiment: Industry analysts cite resilient U.S. vehicle demand, evolving EV trends and new tax benefits as potential supports for domestic automakers, including GM. 4 Domestic Auto Biggies Poised to Benefit From Industry Resilience
• Positive Sentiment: From a technical perspective, GM is holding support near $86 and forming a bullish-flag pattern, which may attract momentum-oriented investors if resistance is broken. Tesla, Ford and GM Stocks Test Key Technical Boundaries
• Neutral Sentiment: GM is giving first-time franchise owners an opportunity to take over a troubled dealership, a potentially positive distribution initiative but one unlikely to materially affect near-term earnings. General Motors gives first-time dealers a chance to turn around troubled store
• Neutral Sentiment: Reports on GM’s V8-engine standardization, experimental engines and planned 2027 model updates provide product and strategy context but do not signal a clear immediate earnings impact. GM is making major changes to some of its biggest models in 2027
• Negative Sentiment: NHTSA opened an engineering analysis covering 997,743 GM pickups and SUVs with the L87 V-8 engine, including the Chevrolet Silverado 1500, GMC Yukon and Cadillac Escalade. Potential engine failures could lead to recalls, repair costs, warranty expense and reputational damage, making this the principal near-term risk for GM. General Motors Faces Safety Probe Over Engine Failures in Nearly 1 Million Vehicles

Insiders Place Their Bets

In other news, CAO Christopher Hatto sold 6,895 shares of the firm's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $90.00, for a total value of $620,550.00. Following the transaction, the chief accounting officer owned 18,899 shares in the company, valued at approximately $1,700,910. This trade represents a 26.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Mark L. Reuss sold 71,079 shares of General Motors stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $89.97, for a total transaction of $6,394,977.63. Following the completion of the transaction, the president directly owned 92,293 shares in the company, valued at approximately $8,303,601.21. The trade was a 43.51% 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. Over the last ninety days, insiders sold 669,486 shares of company stock worth $59,205,537. 0.44% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GM. Wall Street Zen raised General Motors from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $100.00 target price on shares of General Motors in a research report on Wednesday, July 22nd. Wells Fargo & Company increased their target price on General Motors from $60.00 to $61.00 and gave the stock an "underweight" rating in a report on Wednesday, July 22nd. Barclays lifted their price target on shares of General Motors from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Wednesday, July 22nd. Finally, Evercore restated an "outperform" rating and set a $100.00 price target on shares of General Motors in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, General Motors has an average rating of "Moderate Buy" and an average target price of $101.41.

General Motors Stock Up 0.2%

GM opened at $86.31 on Friday. The company has a 50 day moving average of $82.54 and a 200 day moving average of $79.63. The company has a market cap of $75.73 billion, a PE ratio of 43.59, a price-to-earnings-growth ratio of 0.39 and a beta of 1.30. General Motors Company has a 12 month low of $54.33 and a 12 month 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.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.38. The firm had revenue of $48.03 billion for the quarter, compared to analysts' expectations of $47.01 billion. General Motors had a net margin of 1.05% and a return on equity of 18.18%. The business's quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.53 earnings per share. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. On average, sell-side analysts expect that General Motors Company will post 13.29 EPS for the current year.

General Motors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Friday, September 4th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, September 4th. General Motors's dividend payout ratio (DPR) is presently 36.36%.

General Motors Company Profile

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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