Legal & General Group Plc Cuts Position in General Motors Company $GM

Key Points

• Legal & General trimmed its stake in General Motors by 8.7% in Q3, selling 886,905 shares and ending the quarter with 9,256,874 shares (about $564.4 million or 0.99% of GM).
• GM beat quarterly EPS expectations with $2.51 (vs. $2.26 est.) but reported revenue down 5.1% YoY and set FY2026 guidance of $9.75–$10.50 EPS while analysts model ~$11.44 and a consensus target of $91.39.
• The board authorized a $6.0 billion share buyback (up to 8.1% of stock) and raised the quarterly dividend to $0.18 ($0.72 annual, ~1% yield), emphasizing shareholder returns.

Legal & General Group Plc cut its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 8.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,256,874 shares of the auto manufacturer's stock after selling 886,905 shares during the quarter. Legal & General Group Plc owned 0.99% of General Motors worth $564,392,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GM. Steigerwald Gordon & Koch Inc. acquired a new position in shares of General Motors in the third quarter worth $29,000. Armstrong Advisory Group Inc. boosted its holdings in shares of 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 purchasing an additional 265 shares during the last quarter. ESL Trust Services LLC acquired a new position in shares of General Motors in the 3rd quarter valued at about $37,000. Twin Peaks Wealth Advisors LLC acquired a new position in General Motors during the second quarter valued at approximately $38,000. Finally, MRP Capital Investments LLC boosted its position in General Motors by 142.9% during the 2nd quarter. MRP Capital Investments LLC now owns 850 shares of the auto manufacturer's stock worth $42,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 92.67% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wall Street Zen cut shares of General Motors from a "buy" rating to a "hold" rating in a research report on Sunday, January 4th. Wells Fargo & Company raised their price objective on General Motors from $48.00 to $57.00 and gave the stock an "underweight" rating in a research note on Wednesday, January 28th. DZ Bank upgraded General Motors from a "hold" rating to a "buy" rating and set a $98.00 target price for the company in a research note on Thursday, January 29th. TD Cowen reissued a "buy" rating on shares of General Motors in a report on Wednesday, January 28th. Finally, HSBC boosted their target price on shares of General Motors from $48.00 to $75.00 and gave the company a "hold" rating in a research note on Tuesday, January 13th. 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 given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $91.39.

General Motors Price Performance

Shares of GM opened at $74.93 on Wednesday. The company has a market capitalization of $67.74 billion, a price-to-earnings ratio of 24.89, a P/E/G ratio of 0.40 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. The business's 50-day moving average is $81.18 and its 200-day moving average is $72.07. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $87.62.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last issued its 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. The company had revenue of $45.29 billion for the quarter, compared to analyst estimates of $45.81 billion. General Motors had a return on equity of 14.72% and a net margin of 1.46%.The business's revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.92 EPS. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. Equities research analysts expect that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, March 6th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.0%. This is an increase from General Motors's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, March 6th. General Motors's payout ratio is presently 23.92%.

General Motors declared that its board has approved a stock buyback program on Tuesday, January 27th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the auto manufacturer to reacquire up to 8.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

General Motors News Summary

Here are the key news stories impacting General Motors this week:

• Positive Sentiment: Revived Chevy Bolt shifts investor focus to EV profitability — GM is restarting the Bolt with cost-saving measures (shared EV parts, LFP batteries, efficiency gains) that allow a $28,995 2027 base price and improve EV margin prospects, which supports upside to future EPS. General Motors Revives Chevy Bolt EV And Reframes EV Profit Potential
• Positive Sentiment: Dealer/service strength: V2X contract extended through 2030 — a multi-year, >$100M training agreement to upskill GM technicians supports service network quality and could reduce warranty/service costs over time. V2X Extends Strategic Partnership with General Motors to Deliver Advanced Technical Training Nationwide
• Neutral Sentiment: Strategic footprint change in India — GM is re-entering India without selling cars (more of a tech/partnership presence), a move that limits near-term revenue impact but preserves long‑term optionality. General Motors returns to India, but without the cars
• Negative Sentiment: Safety recalls on heavy‑duty Silverados/Sierra HDs — GM is recalling HD trucks for a fuel‑system defect that can cause vehicles to keep running out of fuel or improperly shut down; that raises immediate repair cost, logistics and reputational risks for its high-margin truck franchise. GM recalls HD trucks that can't stop running out of fuel
• Negative Sentiment: Lawsuits and regulatory actions piling up — GM faces engine-related class actions (small turbo/inline‑three suits) and an Iowa AG privacy suit over alleged personal‑data sales; combined legal, warranty and compliance costs could compress margins and weigh on sentiment. GM's Smallest Engine Is The Subject Of A Big New Lawsuit Iowa Attorney General Sues GM Over Selling Personal Data
• Negative Sentiment: Investor concern from past EV writedowns — despite record truck profits, a prior ~$7B EV write‑off and uncertain EV demand continue to haunt sentiment and can limit multiple expansion even if current results are solid. Record Truck Profits, a $7 Billion EV Write Off, and a Market That Doesn't Care

About General Motors

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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