Natixis Advisors LLC grew its position in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 12.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 917,583 shares of the auto manufacturer's stock after purchasing an additional 98,662 shares during the period. Natixis Advisors LLC owned approximately 0.10% of General Motors worth $55,946,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in GM. Brighton Jones LLC increased its position in General Motors by 456.1% in the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer's stock valued at $2,062,000 after acquiring an additional 31,755 shares during the period. Sivia Capital Partners LLC grew its stake in shares of General Motors by 61.4% in the second quarter. Sivia Capital Partners LLC now owns 18,548 shares of the auto manufacturer's stock worth $913,000 after purchasing an additional 7,058 shares in the last quarter. AE Wealth Management LLC grew its stake in shares of General Motors by 1.5% in the second quarter. AE Wealth Management LLC now owns 33,027 shares of the auto manufacturer's stock worth $1,625,000 after purchasing an additional 504 shares in the last quarter. Prospera Financial Services Inc increased its holdings in shares of General Motors by 16.0% during the second quarter. Prospera Financial Services Inc now owns 36,322 shares of the auto manufacturer's stock valued at $1,788,000 after purchasing an additional 5,021 shares during the period. Finally, Aviva PLC lifted its holdings in General Motors by 1.2% in the second quarter. Aviva PLC now owns 775,537 shares of the auto manufacturer's stock worth $38,164,000 after purchasing an additional 9,181 shares during the period. Institutional investors own 92.67% of the company's stock.
General Motors Stock Performance
Shares of GM opened at $74.60 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.17 and a quick ratio of 1.01. The firm's 50 day moving average is $81.33 and its 200-day moving average is $71.96. General Motors Company has a 12-month low of $41.60 and a 12-month high of $87.62. The stock has a market capitalization of $67.44 billion, a P/E ratio of 24.78, a P/E/G ratio of 0.41 and a beta of 1.37.
General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 EPS for the quarter, beating the consensus estimate of $2.26 by $0.25. The business had revenue of $45.29 billion during the quarter, compared to analyst estimates of $45.81 billion. General Motors had a net margin of 1.46% and a return on equity of 14.72%. The business's quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.92 earnings per share. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. Equities research analysts anticipate that General Motors Company will post 11.44 EPS for the current fiscal year.
General Motors announced that its Board of Directors has initiated a share repurchase program on Tuesday, January 27th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the auto manufacturer to repurchase up to 8.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.
General Motors Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, March 6th will be given a dividend of $0.18 per share. This is a boost from General Motors's previous quarterly dividend of $0.15. The ex-dividend date is Friday, March 6th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.0%. General Motors's payout ratio is currently 23.92%.
Analysts Set New Price Targets
GM has been the topic of several research analyst reports. The Goldman Sachs Group set a $104.00 target price on shares of General Motors in a research note on Tuesday, January 27th. Mizuho raised their price objective on shares of General Motors from $100.00 to $105.00 and gave the company an "outperform" rating in a research note on Wednesday, January 28th. Wall Street Zen downgraded General Motors from a "buy" rating to a "hold" rating in a research report on Sunday, January 4th. Wells Fargo & Company increased their price target on General Motors from $48.00 to $57.00 and gave the company an "underweight" rating in a research note on Wednesday, January 28th. Finally, Piper Sandler reiterated 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 research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $91.39.
Check Out Our Latest Stock Analysis on GM
Key Stories Impacting General Motors
Here are the key news stories impacting General Motors this week:
General Motors Company Profile
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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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