ASR Vermogensbeheer N.V. Cuts Stake in General Motors Company $GM

ASR Vermogensbeheer N.V. cut its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 1.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,189 shares of the auto manufacturer’s stock after selling 2,235 shares during the period. ASR Vermogensbeheer N.V.’s holdings in General Motors were worth $5,914,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Ninety One UK Ltd lifted its stake in General Motors by 13.3% in the 2nd quarter. Ninety One UK Ltd now owns 4,793,495 shares of the auto manufacturer’s stock worth $235,888,000 after purchasing an additional 564,247 shares in the last quarter. Capital Investment Advisors LLC increased its holdings in shares of General Motors by 6.3% in the second quarter. Capital Investment Advisors LLC now owns 8,811 shares of the auto manufacturer’s stock worth $434,000 after purchasing an additional 526 shares during the last quarter. Northwest Wealth Management LLC lifted its position in shares of General Motors by 46.4% in the second quarter. Northwest Wealth Management LLC now owns 6,946 shares of the auto manufacturer’s stock worth $342,000 after buying an additional 2,200 shares in the last quarter. Venture Visionary Partners LLC boosted its stake in General Motors by 1.7% during the second quarter. Venture Visionary Partners LLC now owns 33,636 shares of the auto manufacturer’s stock valued at $1,655,000 after buying an additional 569 shares during the last quarter. Finally, GC Wealth Management RIA LLC purchased a new position in General Motors during the 2nd quarter valued at approximately $480,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at General Motors

In other General Motors news, CAO Christopher Hatto sold 23,400 shares of General Motors stock in a transaction on Friday, September 26th. The stock was sold at an average price of $61.01, for a total transaction of $1,427,634.00. Following the completion of the sale, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at $732,547.07. The trade was a 66.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Mark L. Reuss sold 136,161 shares of the company’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $60.12, for a total value of $8,185,999.32. Following the completion of the sale, the president owned 131,036 shares of the company’s stock, valued at $7,877,884.32. This represents a 50.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,074,824 shares of company stock worth $122,377,213. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

GM has been the subject of a number of research reports. UBS Group upgraded General Motors from a “neutral” rating to a “buy” rating and increased their target price for the company from $56.00 to $81.00 in a research report on Wednesday, September 24th. Bank of America dropped their price objective on shares of General Motors from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Citigroup upped their target price on shares of General Motors from $61.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of General Motors in a research report on Thursday, July 24th. Finally, Wells Fargo & Company upped their price objective on General Motors from $38.00 to $40.00 and gave the company an “underweight” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.26.

General Motors Stock Performance

Shares of NYSE:GM opened at $60.07 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $57.19 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 1.25 and a beta of 1.33. General Motors Company has a 12 month low of $41.60 and a 12 month high of $62.14. The firm’s 50-day moving average is $57.22 and its 200 day moving average is $51.54.

General Motors (NYSE:GM) (TSE:GMM.U) last released its earnings results on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $45.87 billion. During the same quarter in the prior year, the firm posted $3.06 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Research analysts predict that General Motors Company will post 11.44 EPS for the current year.

General Motors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, September 5th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.0%. General Motors’s dividend payout ratio (DPR) is 9.52%.

General Motors 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.