Swedbank AB Sells 74,402 Shares of General Motors Company $GM

Swedbank AB lowered its position in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 7.4% during the third quarter, Holdings Channel reports. The institutional investor owned 934,048 shares of the auto manufacturer’s stock after selling 74,402 shares during the quarter. Swedbank AB’s holdings in General Motors were worth $56,949,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Corient Private Wealth LLC increased its position in shares of General Motors by 6.2% during the second quarter. Corient Private Wealth LLC now owns 341,426 shares of the auto manufacturer’s stock worth $16,802,000 after purchasing an additional 20,017 shares in the last quarter. Engineers Gate Manager LP increased its position in General Motors by 200.3% during the 2nd quarter. Engineers Gate Manager LP now owns 1,282,075 shares of the auto manufacturer’s stock valued at $63,091,000 after buying an additional 855,137 shares in the last quarter. Capital Investment Advisors LLC raised its stake in General Motors by 6.3% in the second quarter. Capital Investment Advisors LLC now owns 8,811 shares of the auto manufacturer’s stock valued at $434,000 after buying an additional 526 shares during the last quarter. Ieq Capital LLC boosted its holdings in General Motors by 233.7% in the first quarter. Ieq Capital LLC now owns 507,213 shares of the auto manufacturer’s stock worth $23,854,000 after acquiring an additional 355,235 shares in the last quarter. Finally, United Advisor Group LLC purchased a new stake in shares of General Motors during the second quarter worth about $220,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors Trading Up 0.1%

NYSE GM opened at $82.82 on Thursday. General Motors Company has a 1 year low of $41.60 and a 1 year high of $83.68. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 1.06. The company has a market capitalization of $77.26 billion, a PE ratio of 16.66, a P/E/G ratio of 0.75 and a beta of 1.30. The company has a fifty day moving average of $72.38 and a 200 day moving average of $60.94.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, October 21st. The auto manufacturer reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.48. General Motors had a return on equity of 12.29% and a net margin of 1.62%.The business had revenue of $48.59 billion during the quarter, compared to analyst estimates of $44.60 billion. During the same quarter last year, the business posted $2.96 EPS. The company’s revenue was down .3% on a year-over-year basis. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. Research analysts forecast that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Friday, December 5th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.7%. General Motors’s payout ratio is presently 12.07%.

Insiders Place Their Bets

In related news, CAO Christopher Hatto sold 7,724 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $72.00, for a total transaction of $556,128.00. Following the sale, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at approximately $864,504. This represents a 39.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Mark L. Reuss sold 260,600 shares of General Motors stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the completion of the transaction, the president directly owned 98,006 shares of the company’s stock, valued at $6,512,498.70. The trade was a 72.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 314,021 shares of company stock worth $20,808,292. Corporate insiders own 0.54% of the company’s stock.

More General Motors News

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Argus set a $78.00 price objective on shares of General Motors in a research report on Thursday, October 23rd. Citigroup lifted their price objective on shares of General Motors from $75.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Wells Fargo & Company upped their target price on General Motors from $46.00 to $48.00 and gave the company an “underweight” rating in a research report on Tuesday, December 9th. Barclays raised their target price on General Motors from $77.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Wedbush boosted their price target on General Motors from $75.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, General Motors presently has a consensus rating of “Moderate Buy” and an average price target of $75.76.

Get Our Latest Report on General Motors

General Motors Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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