BI Asset Management Fondsmaeglerselskab A S Lowers Holdings in General Motors Company $GM

BI Asset Management Fondsmaeglerselskab A S trimmed its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 76.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 129,636 shares of the auto manufacturer’s stock after selling 425,477 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in General Motors were worth $9,658,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in General Motors in the 4th quarter valued at approximately $918,724,000. Viking Global Investors LP increased its holdings in shares of General Motors by 81.1% in the 2nd quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock worth $640,659,000 after purchasing an additional 5,830,050 shares in the last quarter. Life Cycle Investment Partners Ltd purchased a new position in shares of General Motors in the fourth quarter worth $309,380,000. Two Sigma Investments LP lifted its holdings in shares of General Motors by 348.4% during the third quarter. Two Sigma Investments LP now owns 3,549,170 shares of the auto manufacturer’s stock valued at $216,393,000 after purchasing an additional 2,757,695 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC lifted its holdings in shares of General Motors by 436.8% during the second quarter. Worldquant Millennium Advisors LLC now owns 2,658,525 shares of the auto manufacturer’s stock valued at $130,826,000 after purchasing an additional 2,163,274 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a $95.00 price objective on shares of General Motors in a report on Friday, June 12th. Mizuho lowered their target price on shares of General Motors from $105.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. TD Cowen raised their price target on shares of General Motors from $122.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Wolfe Research upgraded shares of General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 price target for the company in a research note on Wednesday, March 25th. Finally, Bank of America started coverage on shares of General Motors in a report on Wednesday, March 4th. They set a “buy” rating and a $105.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $95.65.

General Motors Price Performance

NYSE GM opened at $79.45 on Monday. The business’s fifty day moving average is $79.17 and its 200 day moving average is $79.26. General Motors Company has a fifty-two week low of $47.63 and a fifty-two week high of $87.62. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.99 and a current ratio of 1.15. The company has a market capitalization of $71.64 billion, a PE ratio of 32.04, a price-to-earnings-growth ratio of 0.40 and a beta of 1.30.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $2.61 by $1.09. General Motors had a return on equity of 16.68% and a net margin of 1.38%.The business had revenue of $43.62 billion during the quarter, compared to analysts’ expectations of $43.51 billion. During the same quarter in the prior year, the business posted $2.78 earnings per share. The business’s quarterly revenue was down .9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. Sell-side analysts predict that General Motors Company will post 12.85 earnings per share for the current year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 5th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Friday, June 5th. General Motors’s dividend payout ratio is presently 29.03%.

Key Headlines Impacting General Motors

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

• Positive Sentiment: GM Defense announced a collaboration with Lockheed Martin to support U.S. defense manufacturing, a potentially strategic business win that could diversify GM’s industrial footprint and improve investor sentiment. GM Defense, Lockheed Martin to collaborate on US defense manufacturing
• Positive Sentiment: GM also highlighted a software update enabling certain U.S. EV owners to send power back to the electric grid, expanding its vehicle-to-home energy capabilities and reinforcing its EV technology narrative. General Motors (GM) Shares Key Software Update to Enable Power Transmition
• Neutral Sentiment: Recent coverage noted GM’s CEO Mary Barra sold 99,239 shares under a pre-arranged 10b5-1 plan; this is routine insider activity, but it can still create mild investor caution. General Motors (NYSE:GM) CEO Mary Barra Sells 99,239 Shares of Stock
• Neutral Sentiment: There was also attention on GM’s pickup demand shifting faster than expected and a possible Silverado 1500 production change at Oshawa, which suggests product-mix and manufacturing adjustments rather than a clear near-term earnings impact. GM Says Buyers Are Moving Away From Pickups Faster Than Expected GM Reportedly Ending Chevy Silverado 1500 Production At Oshawa Plant
• Negative Sentiment: A GMC dealer lawsuit alleging allocation practices are hurting its business could raise relationship and reputational concerns if it escalates. GMC Dealer Sues GM, Claims Vehicle Allocation Strategy Is Driving It Out Of Business
• Negative Sentiment: Another lawsuit seeking $15 million against GMC adds to legal overhang and may contribute to downside sentiment for GM shares. GMC sued for $15 million by longtime ally as allegations get raised
• Negative Sentiment: Coverage of factory tension at GM’s Factory Zero, including cobot deployment alongside layoffs, may reinforce investor worries about labor friction and restructuring costs. GM, UAW face sudden high-stakes factory rift

Insider Transactions at General Motors

In related news, CAO Christopher Hatto sold 6,895 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $85.00, for a total value of $586,075.00. Following the completion of the transaction, the chief accounting officer owned 25,794 shares of the company’s stock, valued at approximately $2,192,490. This represents a 21.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 9,124 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $84.97, for a total transaction of $775,266.28. Following the completion of the transaction, the executive vice president directly owned 37,395 shares of the company’s stock, valued at $3,177,453.15. This represents a 19.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 697,388 shares of company stock valued at $57,752,596 over the last three months. Corporate insiders own 0.54% of the company’s stock.

About General Motors

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.