Robeco Institutional Asset Management B.V. Lowers Holdings in General Motors Company $GM

Key Points

• Robeco Institutional Asset Management B.V. has decreased its holdings in General Motors by 8.4%, owning approximately 1,254,176 shares valued at $61.7 million after selling 114,364 shares.
• Several institutional investors have recently changed their stakes in GM, with AQR Capital Management increasing its holdings by 146.8% to approximately $629.2 million in the first quarter.
• General Motors announced a quarterly dividend of $0.15 per share, reflecting a 1.0% dividend yield and a payout ratio of 9.52%.

Robeco Institutional Asset Management B.V. decreased its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 8.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,254,176 shares of the auto manufacturer's stock after selling 114,364 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.13% of General Motors worth $61,718,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GM. AQR Capital Management LLC grew its holdings in General Motors by 146.8% in the 1st quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer's stock valued at $629,196,000 after buying an additional 8,012,743 shares during the period. Vanguard Group Inc. grew its holdings in General Motors by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer's stock valued at $4,672,023,000 after buying an additional 6,395,375 shares during the period. Nuveen LLC purchased a new stake in shares of General Motors during the 1st quarter worth about $175,889,000. Kingstone Capital Partners Texas LLC purchased a new stake in shares of General Motors during the 2nd quarter worth about $125,583,000. Finally, Assenagon Asset Management S.A. grew its holdings in shares of General Motors by 305.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,858,959 shares of the auto manufacturer's stock worth $134,457,000 after purchasing an additional 2,154,037 shares during the period. Hedge funds and other institutional investors own 92.67% of the company's stock.

Insiders Place Their Bets

In other General Motors news, CAO Christopher Hatto sold 36,804 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $55.10, for a total value of $2,027,900.40. Following the transaction, the chief accounting officer directly owned 12,007 shares of the company's stock, valued at $661,585.70. This represents a 75.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mary T. Barra sold 907,024 shares of the company's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $58.24, for a total value of $52,825,077.76. Following the completion of the transaction, the chief executive officer directly owned 552,238 shares in the company, valued at approximately $32,162,341.12. The trade was a 62.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,074,824 shares of company stock valued at $122,377,213. Company insiders own 0.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GM. Industrial Alliance Securities set a $70.00 target price on General Motors in a report on Friday, July 11th. The Goldman Sachs Group boosted their target price on General Motors from $70.00 to $74.00 and gave the stock a "buy" rating in a report on Monday. Citigroup boosted their target price on General Motors from $61.00 to $75.00 and gave the stock a "buy" rating in a report on Monday, September 22nd. JPMorgan Chase & Co. boosted their target price on General Motors from $60.00 to $80.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of General Motors in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, General Motors currently has a consensus rating of "Moderate Buy" and an average target price of $63.16.

General Motors Stock Down 3.1%

NYSE GM opened at $59.42 on Friday. The stock has a market cap of $56.57 billion, a PE ratio of 9.43, a P/E/G ratio of 1.29 and a beta of 1.33. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $62.14. The business has a 50 day moving average price of $57.08 and a two-hundred day moving average price of $51.46. The company has a quick ratio of 1.05, a current ratio of 1.22 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 22nd. The auto manufacturer reported $2.53 earnings per share for the quarter, topping analysts' consensus estimates of $2.52 by $0.01. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The firm had revenue of $47.12 billion during the quarter, compared to analysts' expectations of $45.87 billion. During the same quarter in the prior year, the business earned $3.06 EPS. General Motors's quarterly revenue was down 1.8% compared to the same quarter last year. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. As a group, sell-side analysts predict that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, September 5th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, September 5th. General Motors's dividend payout ratio is presently 9.52%.

General Motors Company Profile

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.

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