Swedbank AB Has $49.63 Million Holdings in General Motors Company $GM

Key Points

• Swedbank AB increased its holdings in General Motors by 24.9% in the second quarter, now owning over 1 million shares valued at approximately $49.6 million.
• General Motors reported $2.53 EPS for the last quarter, slightly exceeding expectations, while revenue decreased by 1.8% year-over-year.
• The company has declared a quarterly dividend of $0.15 per share, translating to an annualized yield of 1.0%, with a current payout ratio of 9.52%.

Swedbank AB raised its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 24.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,008,450 shares of the auto manufacturer's stock after purchasing an additional 201,357 shares during the period. Swedbank AB owned 0.10% of General Motors worth $49,626,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GM. AQR Capital Management LLC raised its stake in shares of General Motors by 146.8% during the 1st quarter. AQR Capital Management LLC now owns 13,470,258 shares of the auto manufacturer's stock worth $629,196,000 after purchasing an additional 8,012,743 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of General Motors by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 99,341,336 shares of the auto manufacturer's stock worth $4,672,023,000 after purchasing an additional 6,395,375 shares in the last quarter. Nuveen LLC purchased a new stake in shares of General Motors during the 1st quarter worth about $175,889,000. Assenagon Asset Management S.A. raised its stake 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 in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in shares of General Motors by 17.5% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 12,822,632 shares of the auto manufacturer's stock worth $603,048,000 after purchasing an additional 1,910,186 shares in the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at General Motors

In other General Motors news, CAO Christopher Hatto sold 14,667 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $59.00, for a total value of $865,353.00. Following the sale, the chief accounting officer owned 12,007 shares of the company's stock, valued at $708,413. This trade represents a 54.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Rory Harvey sold 4,459 shares of General Motors stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $59.95, for a total value of $267,317.05. Following the sale, the executive vice president directly owned 8,513 shares in the company, valued at $510,354.35. The trade was a 34.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,104,256 shares of company stock valued at $64,129,551 in the last 90 days. 0.54% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Benchmark assumed coverage on General Motors in a report on Monday, July 21st. They set a "buy" rating and a $65.00 price objective on the stock. Wells Fargo & Company increased their price objective on General Motors from $34.00 to $38.00 and gave the company an "underweight" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price objective on General Motors from $56.00 to $60.00 and gave the company an "overweight" rating in a report on Monday, July 21st. UBS Group increased their price objective on General Motors from $50.00 to $56.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Finally, Barclays raised General Motors from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $55.00 to $73.00 in a report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, General Motors has a consensus rating of "Moderate Buy" and a consensus price target of $59.74.

General Motors Stock Performance

GM traded down $0.04 during midday trading on Monday, reaching $58.94. The company's stock had a trading volume of 7,633,787 shares, compared to its average volume of 6,589,462. The stock has a market cap of $56.12 billion, a P/E ratio of 9.36, a PEG ratio of 1.24 and a beta of 1.32. The company has a fifty day simple moving average of $55.82 and a 200 day simple moving average of $50.83. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42. General Motors Company has a twelve month low of $41.60 and a twelve month high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.52 by $0.01. The firm had revenue of $47.12 billion for the quarter, compared to analyst estimates of $45.87 billion. General Motors had a return on equity of 12.98% and a net margin of 2.54%.The company's revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Research analysts expect that General Motors Company will post 11.44 earnings per share for the current 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 issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.60 dividend on an annualized basis and a yield of 1.0%. General Motors's dividend payout ratio (DPR) is 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.