Ninety One SA PTY Ltd, a renowned institutional investor, has recently raised its stake in the shares of General Motors (NYSE:GM) (TSE:GMM.U) by 14.4% during the fourth quarter, making its presence felt in this prominent auto manufacturer’s stock market. According to the newly filed report with the Securities and Exchange Commission (SEC), Ninety-One SA PTY Ltd has added an additional 4,649 shares during this period and thus currently owns 36,889 shares of GM valued at $1,240,000 as of date.
As per recent news releases by General Motors, effective June 15th, there will be a quarterly dividend paid to investors; the record day to receive this is on June 2nd with an amount of $0.09 per share being issued. The ex-dividend date falls on Thursday, June 1st. This latest announcement corresponds to an annualized dividend payout ratio of $0.36 and a return yield of 1.09%. Moreover, as per GM’s recent disclosures made official through SEC reports and filings dating back to February 2021 shows EVP Gerald Johnson sold roughly around $671k worth of the company’s stocks in financial transactions made on Thursday within two separate instances whereby fundamental trade deals took place for thousands of their company stocks.
As mentioned above regarding Johnson’s sales strategy involving over several thousand shares each time sold at average prices ranging from low forties up towards mid and high forties amounts per share; Carlisle also independently sold far more substantial amounts that many thousands seen consistently throughout February publicly disclosed by regulatory agencies such as SEC who oversee these trades conducted by executives within GM
Furthermore, these ongoing developments related to internal divestitures from top-level employees such as EVP Stephen K. Carlisle only add even more certainty towards present-day GM investment opportunities among other insightful facts about current trading status like details about insider manipulations of stock prices which always tend towards benefiting particular portfolios over others. These regulatory obligations keep an eye on such investments and ensure that they remain made available to audiences at large so that all may better understand how their investments are performing in today’s economic climate.
GM Sees Investment Interest But Mixed Outlook from Brokerages
The automobile industry giant General Motors (GM) has seen some interesting changes within the company’s structure. A number of institutional investors, such as Blair William & Co IL and Aviva PLC, have recently made significant investments in the company, at 10.6% and 32.7%, respectively. Some may argue that this move is not unexpected given the fact that GM reported a strong EPS report last quarter, beating analysts’ consensus estimates by $0.68.
However, despite these positive developments, some brokerages such as Berenberg Bank have lowered their ratings on GM from “buy” to “hold,” with a new target price of $41 per share – down from its previous price estimate of $45. This is likely because exchange rates are currently unfavorable for US automakers as Chinese car market demand was previously expected to grow faster than reality indicated.
Nonetheless, other brokerages continue to maintain positive outlooks on the stock with Tigress Financial insisting that it remains a “strong buy,” while Royal Bank of Canada increased its target price from $46-$48.
GM also recently declared a $0.09 quarterly dividend payable on June 15th with an ex-dividend date of June 1st for those holding shares before June 2nd. While this presents an alluring opportunity for potential investors considering its high dividend yield of over 1%, one should consider reportedly high debt level plus current geopolitical uncertainty such as flip-flop tariff policies when deciding whether or not to invest in GM.
Trading at $33.17 at time of writing after reaching a year-long low of $30.33 just recently; coupled with mixed economic signals about U.S-China trade talks reaching some sort of conclusion soon or being indefinitely delayed indefinitely: only time will reveal how these factors affect future movements in auto-related equity market shares around the world as they impact GM’s future growth opportunities and/or risks.
Overall, the consensus rating among analysts according to Bloomberg.com is currently “Moderate Buy” and this sentiment combined with the anticipated success of new GM technologies such as autonomous driving, electronic cars, and ride-sharing programs will likely continue to fuel investor appetites in anticipation for future gains beyond today’s market uncertainty.