ASR Vermogensbeheer N.V. Sells 2,235 Shares of General Motors Company $GM

ASR Vermogensbeheer N.V. decreased its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 1.8% in the second quarter, according to its most recent disclosure with the Securities & 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 filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Sowell Financial Services LLC lifted its stake in shares of General Motors by 2.9% during the 2nd quarter. Sowell Financial Services LLC now owns 6,834 shares of the auto manufacturer’s stock worth $336,000 after purchasing an additional 195 shares during the last quarter. ICONIQ Capital LLC lifted its position in shares of General Motors by 4.2% during the first quarter. ICONIQ Capital LLC now owns 5,434 shares of the auto manufacturer’s stock valued at $256,000 after buying an additional 220 shares during the last quarter. Hohimer Wealth Management LLC boosted its holdings in shares of General Motors by 0.3% in the 1st quarter. Hohimer Wealth Management LLC now owns 70,377 shares of the auto manufacturer’s stock valued at $3,310,000 after buying an additional 230 shares in the last quarter. HHM Wealth Advisors LLC grew its position in shares of General Motors by 14.4% in the 1st quarter. HHM Wealth Advisors LLC now owns 1,838 shares of the auto manufacturer’s stock worth $86,000 after buying an additional 232 shares during the last quarter. Finally, Aaron Wealth Advisors LLC raised its stake in shares of General Motors by 3.6% during the 1st quarter. Aaron Wealth Advisors LLC now owns 6,709 shares of the auto manufacturer’s stock worth $316,000 after acquiring an additional 235 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Wall Street Analyst Weigh In

GM has been the subject of several recent analyst reports. CLSA upgraded shares of General Motors to a “moderate buy” rating in a research note on Monday, July 7th. Barclays raised General Motors from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $55.00 to $73.00 in a research report on Friday, September 12th. Bank of America reduced their target price on General Motors from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. Citigroup raised their price target on General Motors from $61.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of General Motors in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $63.26.

Insider Buying and Selling

In other news, EVP Rory Harvey sold 6,600 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $61.95, for a total transaction of $408,870.00. Following the sale, the executive vice president owned 8,513 shares of the company’s stock, valued at $527,380.35. This trade represents a 43.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Mary T. Barra sold 753,720 shares of General Motors stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $59.95, for a total transaction of $45,185,514.00. Following the transaction, the chief executive officer directly owned 433,527 shares of the company’s stock, valued at approximately $25,989,943.65. This trade represents a 63.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,074,824 shares of company stock valued at $122,377,213 in the last three months. 0.54% of the stock is currently owned by insiders.

General Motors Stock Up 1.2%

Shares of GM stock opened at $60.07 on Friday. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $62.14. The firm has a market capitalization of $57.19 billion, a PE ratio of 9.54, a P/E/G ratio of 1.25 and a beta of 1.33. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.05 and a current ratio of 1.22. The stock’s 50-day simple moving average is $57.22 and its 200-day simple moving average is $51.54.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, July 22nd. The auto manufacturer reported $2.53 EPS for the quarter, beating the consensus estimate of $2.52 by $0.01. The business had revenue of $47.12 billion for the quarter, compared to the consensus estimate of $45.87 billion. General Motors had a net margin of 2.54% and a return on equity of 12.98%. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.06 EPS. General Motors has set its FY 2025 guidance at 8.250-10.000 EPS. Equities analysts expect that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Friday, September 5th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, September 5th. General Motors’s payout ratio 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.