Nordea Investment Management AB Increases Stake in General Motors Company $GM

Nordea Investment Management AB boosted its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 14.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,923 shares of the auto manufacturer’s stock after purchasing an additional 6,875 shares during the period. Nordea Investment Management AB’s holdings in General Motors were worth $3,414,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of General Motors by 11.5% in the 2nd quarter. Vanguard Group Inc. now owns 110,759,703 shares of the auto manufacturer’s stock valued at $5,450,485,000 after acquiring an additional 11,418,367 shares during the period. Norges Bank purchased a new stake in General Motors during the 2nd quarter valued at about $444,319,000. Viking Global Investors LP increased its holdings in shares of General Motors by 81.1% in the second quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock valued at $640,659,000 after purchasing an additional 5,830,050 shares during the period. Worldquant Millennium Advisors LLC raised its stake in shares of General Motors by 436.8% in the second quarter. Worldquant Millennium Advisors LLC now owns 2,658,525 shares of the auto manufacturer’s stock worth $130,826,000 after purchasing an additional 2,163,274 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of General Motors by 125.9% during the second quarter. Marshall Wace LLP now owns 3,699,220 shares of the auto manufacturer’s stock worth $182,039,000 after purchasing an additional 2,061,712 shares during the period. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Key General Motors News

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

• Positive Sentiment: High-profile brand moment: GM unveiled Cadillac’s Formula 1 test car in a dramatic reveal that boosts Cadillac/GM branding and technology credibility, a potential long-term positive for investor sentiment and premium positioning. GM stuns with dramatic reveal of Cadillac’s new Formula 1 test car
• Positive Sentiment: Tax-credit defense via Mexico investment: reporting says GM’s $1B Mexico investment appears structured to preserve U.S. EV tax-credit eligibility while expanding capacity — this could protect EV demand and margins tied to tax incentives. GM Found A Way To Build In Mexico — And Still Qualify For US EV Credits
• Positive Sentiment: Diversification into energy storage: coverage notes automakers including GM are expanding into energy storage products, which could offset slower EV battery demand and open new revenue streams. Automakers like Ford and GM are jumping into a whole new business where Tesla is a serious player
• Neutral Sentiment: Public relations/visitor access: GM is opening its new HQ for a one-time public showcase, a small PR positive that increases local and investor visibility but has limited financial impact. GM Hosting Public Showcase At The Department At Hudson’s On January 17th
• Neutral Sentiment: Investor attention and screens: market commentary and analyst lists (Zacks coverage, inclusion in price-to-book screens) are driving interest but don’t supply new fundamental catalysts. General Motors Company (GM) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Major recall — engine stall risk: GM is recalling nearly 600,000 vehicles over an engine-stall defect, which could lead to warranty, repair costs and reputational damage. GM recalls nearly 600,000 vehicles over engine stall defect
• Negative Sentiment: Additional recall for pedestrian alert systems: GM recalled over 80,000 Chevy vehicles for defective pedestrian alert sounds that may not warn pedestrians — another near-term liability and safety concern. GM recalls over 80,000 Chevy vehicles over defective pedestrian alert sound system citing serious risk
• Negative Sentiment: FTC data ban finalized: regulators banned GM from selling drivers’ location data for five years, formalizing restrictions on OnStar/data monetization and potentially reducing ancillary revenue and raising compliance costs. FTC bans General Motors from selling drivers’ location data for five years
• Negative Sentiment: EV transition costs mounting: reporting highlights GM’s admission that its EV push has cost about $6B with losses still mounting, a reminder of margin pressure and capital intensity in the transition. General Motors CEO calls unexpected vehicles ‘end game’ despite extreme policy pushback: ‘I still think we’ll get there’

Insiders Place Their Bets

In related news, CAO Christopher Hatto sold 7,724 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $72.00, for a total value of $556,128.00. Following the completion of the sale, the chief accounting officer owned 12,007 shares of the company’s stock, valued at approximately $864,504. The trade was a 39.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Mark L. Reuss sold 260,600 shares of the company’s 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 $6,512,498.70. This represents a 72.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 284,021 shares of company stock worth $18,971,788 in the last three months. 0.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on GM. Cowen reiterated a “buy” rating on shares of General Motors in a report on Friday, December 12th. Piper Sandler set a $98.00 price objective on shares of General Motors and gave the stock an “overweight” rating in a research note on Thursday, January 8th. JPMorgan Chase & Co. boosted their target price on shares of General Motors from $60.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, September 30th. Royal Bank Of Canada increased their price target on General Motors from $77.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Finally, Morgan Stanley raised General Motors from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $54.00 to $90.00 in a report on Monday, December 8th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, General Motors currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.41.

General Motors Trading Down 0.1%

GM stock opened at $80.79 on Monday. General Motors Company has a 52-week low of $41.60 and a 52-week high of $85.18. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. The firm has a market cap of $75.37 billion, a P/E ratio of 16.26, a PEG ratio of 0.64 and a beta of 1.31. The company’s 50-day simple moving average is $77.69 and its 200-day simple moving average is $64.99.

General Motors (NYSE:GM) (TSE:GMM.U) last announced 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. The firm had revenue of $48.59 billion during the quarter, compared to analyst estimates of $44.60 billion. General Motors had a return on equity of 12.29% and a net margin of 1.62%.General Motors’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.96 EPS. General Motors has set its FY 2025 guidance at 9.750-10.500 EPS. As a group, equities analysts forecast that General Motors Company will post 11.44 EPS for the current fiscal year.

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.