SBI Okasan Asset Management Co.Ltd. Purchases New Position in General Motors Company $GM

SBI Okasan Asset Management Co.Ltd. bought a new position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 43,500 shares of the auto manufacturer’s stock, valued at approximately $3,607,000. General Motors makes up approximately 0.2% of SBI Okasan Asset Management Co.Ltd.’s investment portfolio, making the stock its 24th largest position.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Franklin Resources Inc. increased its stake in shares of General Motors by 3.3% during the third quarter. Franklin Resources Inc. now owns 31,322,758 shares of the auto manufacturer’s stock worth $1,909,748,000 after purchasing an additional 989,189 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of General Motors by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 22,242,381 shares of the auto manufacturer’s stock worth $1,802,668,000 after purchasing an additional 267,477 shares in the last quarter. Capital World Investors increased its stake in shares of General Motors by 8.2% during the third quarter. Capital World Investors now owns 18,130,519 shares of the auto manufacturer’s stock worth $1,105,420,000 after purchasing an additional 1,366,467 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of General Motors by 5.5% during the third quarter. AQR Capital Management LLC now owns 14,252,689 shares of the auto manufacturer’s stock worth $868,986,000 after purchasing an additional 748,831 shares in the last quarter. Finally, Viking Global Investors LP increased its stake in shares of General Motors by 81.1% during the second 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. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Key Headlines Impacting General Motors

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

• Positive Sentiment: GM approved Pinnacle Intelligence as a vendor for Business Development Center services, reinforcing its push to use AI-enabled tools in retail operations and customer support. General Motors Selects Pinnacle Intelligence for BDC Services, Supporting Its Integrated AI-Enabled Approach
• Positive Sentiment: Reports that GM received preliminary FDIC approval for an industrial bank charter could improve financing flexibility and support future captive-lending growth. Ford, GM, Stellantis Join Crypto Firms In Trump-Era Bank Charter Push After Winning Preliminary FDIC Approval: Report
• Positive Sentiment: GM also landed work tied to NASA’s lunar terrain vehicle program, highlighting its battery and propulsion technology beyond traditional auto sales. General Motors to make batteries for NASA’s new manned moon rover
• Neutral Sentiment: GM recognized several suppliers in its annual awards, which is a constructive sign for operations but not likely a major stock driver by itself. Bridgestone Recognized as 2025 Supplier of the Year by General Motors
• Negative Sentiment: CEO Mary T. Barra sold a large amount of GM shares in multiple transactions, and EVP Rory Harvey also sold shares, which may weigh on sentiment even though the sales were planned. Mary T. Barra insider trade details

Insider Activity at General Motors

In other news, EVP Rory Harvey sold 79,494 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $83.02, for a total value of $6,599,591.88. Following the completion of the sale, the executive vice president owned 46,519 shares of the company’s stock, valued at $3,862,007.38. This represents a 63.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mary T. Barra sold 134,954 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $85.03, for a total transaction of $11,475,138.62. Following the completion of the sale, the chief executive officer directly owned 592,242 shares of the company’s stock, valued at approximately $50,358,337.26. This trade represents a 18.56% 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. In the last three months, insiders sold 538,548 shares of company stock valued at $44,241,546. Corporate insiders own 0.54% of the company’s stock.

General Motors Stock Up 0.3%

Shares of NYSE GM opened at $84.38 on Friday. General Motors Company has a 12-month low of $46.81 and a 12-month high of $87.62. The stock has a market cap of $76.08 billion, a PE ratio of 34.03, a P/E/G ratio of 0.42 and a beta of 1.29. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.41. The company has a 50-day moving average of $76.73 and a 200 day moving average of $78.03.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.61 by $1.09. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The company 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 company earned $2.78 EPS. General Motors’s revenue was down .9% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, sell-side analysts predict that General Motors Company will post 12.85 EPS for the current fiscal year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. General Motors’s dividend payout ratio is 29.03%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GM shares. Bank of America started coverage on shares of General Motors in a research note on Wednesday, March 4th. They set a “buy” rating and a $105.00 target price for the company. TD Cowen boosted their target price on shares of General Motors from $122.00 to $126.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Wells Fargo & Company boosted their target price on shares of General Motors from $57.00 to $59.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 29th. Jefferies Financial Group upped their price objective on shares of General Motors from $85.00 to $97.00 and gave the company a “hold” rating in a research note on Monday, February 2nd. Finally, Benchmark upped their price objective on shares of General Motors from $65.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. One equities research 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 issued a Sell rating to the company. According to data from MarketBeat.com, General Motors currently has an average rating of “Moderate Buy” and an average target price of $94.65.

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.