Achmea Investment Management B.V. Grows Stock Position in General Motors Company $GM

Achmea Investment Management B.V. grew its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 490,928 shares of the auto manufacturer’s stock after purchasing an additional 2,213 shares during the quarter. Achmea Investment Management B.V. owned approximately 0.05% of General Motors worth $24,159,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Trust Co. of Toledo NA OH bought a new position in shares of General Motors during the 2nd quarter valued at approximately $25,000. GFG Capital LLC bought a new position in shares of General Motors during the 2nd quarter valued at approximately $27,000. RMG Wealth Management LLC bought a new position in shares of General Motors during the 2nd quarter valued at approximately $32,000. Costello Asset Management INC bought a new position in shares of General Motors during the 1st quarter valued at approximately $32,000. Finally, WPG Advisers LLC bought a new position in General Motors in the 1st quarter worth approximately $34,000. 92.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, President Mark L. Reuss sold 260,600 shares of the stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $66.45, for a total transaction of $17,316,870.00. Following the transaction, the president owned 98,006 shares of the company’s stock, valued at approximately $6,512,498.70. This represents a 72.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rory Harvey sold 6,600 shares of the stock in a transaction on Friday, September 26th. The stock was sold at an average price of $61.95, for a total value of $408,870.00. Following the transaction, the executive vice president directly owned 8,513 shares in the company, valued at $527,380.35. The trade was a 43.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 2,327,144 shares of company stock worth $139,521,852. 0.54% of the stock is currently owned by company insiders.

General Motors Stock Up 2.8%

NYSE GM opened at $68.74 on Thursday. The stock has a 50 day moving average price of $60.86 and a 200-day moving average price of $54.27. General Motors Company has a one year low of $41.60 and a one year high of $70.24. The company has a market capitalization of $64.12 billion, a P/E ratio of 13.83, a P/E/G ratio of 0.96 and a beta of 1.33. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.06 and a current ratio of 1.23.

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

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Friday, December 5th will be paid a $0.15 dividend. The ex-dividend date is Friday, December 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.9%. General Motors’s dividend payout ratio (DPR) is presently 12.07%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Weiss Ratings downgraded General Motors from a “buy (b-)” rating to a “hold (c)” rating in a research note on Saturday, October 25th. JPMorgan Chase & Co. upped their price target on General Motors from $60.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 30th. Evercore ISI upped their price target on General Motors from $55.00 to $68.00 and gave the stock an “outperform” rating in a research note on Monday, October 13th. Jefferies Financial Group upped their price target on General Motors from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, October 6th. Finally, Industrial Alliance Securities set a $70.00 price target on General Motors in a research note on Friday, July 11th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.00.

About General Motors

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.