Institutional Investors Increase Stakes in General Motors (GM)

Institutional investor activity in General Motors (GM) stock reveals a mixed sentiment. On one hand, major players like Allstate Corp, National Pension Service and Geode Capital Management have increased their positions, signaling confidence in the company's prospects. This is further supported by the fact that institutional ownership stands at 92.67% of the company’s stock.

GM's recent performance shows the company beat earnings estimates. The company reported $3.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.61 by $1.09. The business had revenue of $43.62 billion for the quarter, compared to analyst estimates of $43.51 billion.

However, insider sales by CEO Mary Barra and EVP Rory Harvey raise concerns, even though these transactions were pre-arranged under Rule 10b5-1 trading plans. These sales may weigh on investor sentiment. GM has also been recognized as a Supplier of the Year by Bridgestone.

The company also announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%.

Institutional investors own 92.67% of General Motors' stock.

General Motors reported $3.70 EPS for the quarter, topping analysts' consensus estimates of $2.61.

Yes, General Motors announced a quarterly dividend of $0.18 per share, payable on June 18th to stockholders of record on June 5th.

Here's what this means for you:

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