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BlackRock Acquires $5.96B GM Stake After Buying 77.3M Shares

BlackRock logoBlackRock
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General Motors logoGeneral Motors
Sig1.95Sen+2.60Env0.00Soc0.00Gov0.00

BlackRock disclosed it acquired 77,309,218 GM shares valued at about $5.96B, establishing a new position. The auto maker reported $3.57 EPS for the quarter, above the $3.19 consensus, and said a dividend will be paid Sept. 17. Other hedge funds also traded GM, while insiders sold 1.25M shares in the past 90 days.

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