Allspring Global Investments Holdings LLC lowered its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 12.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,047,278 shares of the auto manufacturer's stock after selling 143,961 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.11% of General Motors worth $84,809,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Elevation Wealth Partners LLC lifted its position in General Motors by 500.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer's stock valued at $27,000 after acquiring an additional 275 shares in the last quarter. Steigerwald Gordon & Koch Inc. bought a new stake in General Motors during the 3rd quarter worth approximately $29,000. Kelleher Financial Advisors bought a new stake in General Motors during the third quarter worth $29,000. JPL Wealth Management LLC purchased a new stake in General Motors in the 3rd quarter valued at $32,000. Finally, Armstrong Advisory Group Inc. raised its position in General Motors by 94.6% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer's stock valued at $33,000 after buying an additional 265 shares during the last quarter. Institutional investors own 92.67% of the company's stock.
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Here are the key news stories impacting General Motors this week:
Analysts Set New Price Targets
Several equities analysts have commented on GM shares. Barclays dropped their target price on shares of General Motors from $110.00 to $105.00 and set an "overweight" rating on the stock in a research report on Monday. Royal Bank Of Canada upped their target price on General Motors from $92.00 to $107.00 and gave the company an "outperform" rating in a report on Wednesday, January 28th. Wolfe Research upgraded shares of General Motors from a "peer perform" rating to an "outperform" rating and set a $96.00 price target for the company in a research note on Wednesday, March 25th. DZ Bank raised General Motors from a "hold" rating to a "buy" rating and set a $98.00 target price for the company in a research report on Thursday, January 29th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $105.00 price target (up from $98.00) on shares of General Motors in a research report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $91.38.
Get Our Latest Analysis on General Motors
General Motors Stock Up 2.5%
Shares of NYSE:GM opened at $74.55 on Wednesday. The firm has a fifty day moving average price of $78.89 and a two-hundred day moving average price of $73.74. The company has a market cap of $67.39 billion, a price-to-earnings ratio of 24.77, a PEG ratio of 0.39 and a beta of 1.37. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.17 and a quick ratio of 1.01. General Motors Company has a one year low of $41.60 and a one year high of $87.62.
General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.25. General Motors had a net margin of 1.46% and a return on equity of 14.72%. The firm had revenue of $45.29 billion for the quarter, compared to analysts' expectations of $45.81 billion. During the same quarter in the prior year, the firm posted $1.92 earnings per share. The business's quarterly revenue was down 5.1% on a year-over-year basis. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. Analysts anticipate that General Motors Company will post 11.44 EPS for the current fiscal year.
General Motors declared that its Board of Directors has initiated a stock repurchase program on Tuesday, January 27th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the auto manufacturer to purchase up to 8.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.
General Motors Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, March 6th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, March 6th. This is a positive change from General Motors's previous quarterly dividend of $0.15. General Motors's payout ratio is currently 23.92%.
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.
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