Livforsakringsbolaget Skandia Omsesidigt Has $342,000 Stake in General Motors Company $GM

Key Points

• Livforsakringsbolaget Skandia Omsesidigt has significantly reduced its holdings in General Motors by selling 192,050 shares, now owning only 6,961 shares valued at $342,000.
• Institutional investors collectively own 92.67% of General Motors stock, with AQR Capital Management and Vanguard Group showing substantial increases in their stakes during the first quarter.
• In recent insider trading, CEO Mary T. Barra sold 29,486 shares, reflecting a 4.45% decrease in her ownership, while almost 1.1 million shares were sold by insiders in the past 90 days.

Livforsakringsbolaget Skandia Omsesidigt lessened its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 96.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,961 shares of the auto manufacturer's stock after selling 192,050 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in General Motors were worth $342,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in shares of General Motors by 146.8% in the first quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer's stock worth $629,196,000 after buying an additional 8,012,743 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of General Motors by 6.9% in the first quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer's stock worth $4,672,023,000 after buying an additional 6,395,375 shares during the last quarter. Nuveen LLC purchased a new stake in shares of General Motors in the first quarter worth about $175,889,000. Kingstone Capital Partners Texas LLC purchased a new stake in shares of General Motors in the second quarter worth about $125,583,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of General Motors by 305.6% in the first quarter. Assenagon Asset Management S.A. now owns 2,858,959 shares of the auto manufacturer's stock worth $134,457,000 after buying an additional 2,154,037 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

Insider Buying and Selling

In related news, CEO Mary T. Barra sold 29,486 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $59.92, for a total transaction of $1,766,801.12. Following the sale, the chief executive officer owned 633,527 shares in the company, valued at $37,960,937.84. This represents a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Christopher Hatto sold 14,667 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $59.00, for a total transaction of $865,353.00. Following the completion of the sale, the chief accounting officer owned 12,007 shares in the company, valued at $708,413. The trade was a 54.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,104,256 shares of company stock worth $64,129,551 over the last quarter. 0.54% of the stock is owned by company insiders.

General Motors Stock Up 0.4%

NYSE GM traded up $0.21 during trading hours on Tuesday, hitting $59.09. The company had a trading volume of 1,789,267 shares, compared to its average volume of 11,161,031. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $61.24. The company has a market capitalization of $56.26 billion, a price-to-earnings ratio of 9.38, a P/E/G ratio of 1.24 and a beta of 1.32. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.22 and a quick ratio of 1.05. The firm's 50 day moving average is $55.82 and its 200 day moving average is $50.83.

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. The firm had revenue of $47.12 billion during the quarter, compared to the consensus estimate of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The firm's quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Sell-side analysts anticipate that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, September 5th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, September 5th. This represents a $0.60 annualized dividend and a yield of 1.0%. General Motors's dividend payout ratio is 9.52%.

Analyst Upgrades and Downgrades

GM has been the subject of a number of analyst reports. CLSA raised General Motors to a "moderate buy" rating in a report on Monday, July 7th. Wells Fargo & Company upped their price target on General Motors from $34.00 to $38.00 and gave the stock an "underweight" rating in a report on Wednesday, July 23rd. The Goldman Sachs Group reaffirmed a "buy" rating on shares of General Motors in a report on Friday, July 11th. Bank of America reduced their price target on General Motors from $65.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. increased their target price on General Motors from $56.00 to $60.00 and gave the company an "overweight" rating in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $60.21.

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.