Resona Asset Management Co. Ltd. Has $20.28 Million Stock Position in General Motors Company $GM

Resona Asset Management Co. Ltd. lowered its stake in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 5.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 332,467 shares of the auto manufacturer’s stock after selling 20,670 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in General Motors were worth $20,278,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of General Motors by 456.1% during the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock valued at $2,062,000 after buying an additional 31,755 shares during the last quarter. Sivia Capital Partners LLC increased its stake in General Motors by 61.4% during the second quarter. Sivia Capital Partners LLC now owns 18,548 shares of the auto manufacturer’s stock valued at $913,000 after acquiring an additional 7,058 shares during the period. Norden Group LLC increased its stake in General Motors by 7.1% during the second quarter. Norden Group LLC now owns 8,388 shares of the auto manufacturer’s stock valued at $413,000 after acquiring an additional 556 shares during the period. McAdam LLC acquired a new position in General Motors in the 2nd quarter valued at approximately $206,000. Finally, CX Institutional lifted its position in shares of General Motors by 2.9% in the 2nd quarter. CX Institutional now owns 10,320 shares of the auto manufacturer’s stock worth $508,000 after acquiring an additional 287 shares during the period. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GM shares. Benchmark reissued a “buy” rating on shares of General Motors in a report on Wednesday, October 22nd. UBS Group reiterated a “buy” rating on shares of General Motors in a research note on Friday, January 9th. Barclays increased their price objective on shares of General Motors from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday. Wedbush raised their price objective on shares of General Motors from $75.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Finally, Piper Sandler set a $98.00 target price on shares of General Motors and gave the company an “overweight” rating in a research note on Thursday, January 8th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.00.

Get Our Latest Research Report on GM

General Motors Stock Down 1.8%

Shares of NYSE GM opened at $79.65 on Friday. General Motors Company has a 52-week low of $41.60 and a 52-week high of $85.18. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.06 and a current ratio of 1.23. The business has a fifty day moving average of $78.57 and a two-hundred day moving average of $65.86. The stock has a market cap of $74.30 billion, a PE ratio of 16.03, a PEG ratio of 0.62 and a beta of 1.31.

Insider Transactions at General Motors

In other General Motors news, CAO Christopher Hatto sold 15,697 shares of the business’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $70.00, for a total value of $1,098,790.00. Following the transaction, the chief accounting officer directly owned 12,007 shares in the company, valued at $840,490. The trade was a 56.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.54% of the stock is owned by corporate insiders.

General Motors News Summary

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

About General Motors

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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