Pictet Asset Management Holding SA Increases Stock Holdings in General Motors Company $GM

Key Points

• Pictet Asset Management Holding SA increased its stake by 13.0% in General Motors in Q4, adding 56,887 shares to hold 493,095 shares valued at about $40.11 million (roughly a 0.05% ownership position).
• GM posted a strong Q1 with a $3.70 EPS beat (vs. $2.58 estimate) and $43.62 billion in revenue, and set FY2026 guidance of 10.62–12.62 EPS (consensus analyst estimate ~12.43 EPS).
• The board authorized a $6.00 billion buyback (up to ~8.1% of shares), GM repurchased roughly $800 million in Q1 and declared a $0.18 quarterly dividend, while also earmarking about $1.4 billion for gas‑engine plant capex—raising questions about the pace of the EV transition.

Pictet Asset Management Holding SA boosted its holdings in General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 13.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 493,095 shares of the auto manufacturer's stock after purchasing an additional 56,887 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.05% of General Motors worth $40,108,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Elevation Wealth Partners LLC increased its stake in shares of General Motors by 500.0% during 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 during the last quarter. Steigerwald Gordon & Koch Inc. purchased a new stake in General Motors in the third quarter valued at approximately $29,000. Kelleher Financial Advisors purchased a new stake in General Motors in the third quarter valued at approximately $29,000. Founders Capital Management acquired a new position in General Motors during the fourth quarter worth approximately $31,000. Finally, JPL Wealth Management LLC acquired a new position in General Motors during the third quarter worth approximately $32,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

General Motors Stock Performance

Shares of GM stock opened at $76.59 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 1.50. The company has a market cap of $69.23 billion, a PE ratio of 25.44, a P/E/G ratio of 0.43 and a beta of 1.34. The company's fifty day simple moving average is $76.59 and its 200-day simple moving average is $76.29. General Motors Company has a 52 week low of $44.72 and a 52 week high of $87.62.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share for the quarter, topping analysts' consensus estimates of $2.58 by $1.12. General Motors had a net margin of 1.46% and a return on equity of 14.72%. The firm had revenue of $43.62 billion during the quarter, compared to analysts' expectations of $43.60 billion. During the same period in the prior year, the company earned $2.78 EPS. The firm's revenue was down .9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, equities research analysts anticipate that General Motors Company will post 12.43 EPS for the current year.

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

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be paid a $0.18 dividend. The ex-dividend date is Friday, June 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. General Motors's dividend payout ratio (DPR) is 29.03%.

Key Headlines Impacting General Motors

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

• Positive Sentiment: Q1 earnings beat and upgraded guidance — GM reported $3.70 adjusted EPS (well above estimates) and raised full‑year EBIT/earnings guidance helped by an expected ~$500M tariff refund, supporting near‑term profits and cash flow. GM core profit rises
• Positive Sentiment: Analyst support — Citi raised its price target to $108 (maintaining a Buy), and other firms reaffirmed Outperform ratings, providing upside thesis support despite intraday weakness. Citi raises price target
• Positive Sentiment: Capital returns and cash generation — GM repurchased shares (~$800M in Q1) and declared a quarterly dividend, reinforcing shareholder returns and making beats more EPS‑accretive. Q1 results and dividend
• Neutral Sentiment: Software/services and partnerships — GM highlighted growth in high‑margin connected services and a large in‑car Google Gemini deployment (4 million cars), which lengthens monetization runway but is longer‑duration for EPS impact. Gemini in GM cars
• Neutral Sentiment: EV supply‑chain exposure via Lithium JV — Institutional interest in Lithium Americas (GM JV partner) signals improving battery supply prospects, but the benefit to GM is strategic and medium/long‑term. Lithium Americas institutional interest
• Negative Sentiment: Capex shift to gas‑engine plants signals EV demand softness — GM announced ~$1.4B (three U.S. plants + one Canadian) to sustain gas‑engine/transmission/casting output and reportedly $340M for popular gas models, which investors interpret as management prioritizing near‑term profitable ICE volumes over a rapid EV pivot. That raises questions about EV growth trajectory and long‑term strategy. GM gas engine investment (Reuters) GM invests in gas cars (Business Insider)
• Negative Sentiment: Mixed fundamentals and macro risks — revenue was roughly flat YoY and some analysts/shops trimmed FY estimates; higher oil, commodity and chip costs create margin pressure that could temper enthusiasm despite the one‑time tariff benefit. Wedbush/Q1 commentary

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GM. Benchmark lifted their price target on shares of General Motors from $65.00 to $90.00 and gave the company a "buy" rating in a report on Tuesday, February 10th. TD Cowen increased their target price on General Motors from $122.00 to $126.00 and gave the stock a "buy" rating in a research report on Wednesday. Morgan Stanley reiterated an "overweight" rating and issued a $100.00 target price on shares of General Motors in a report on Wednesday, January 28th. Royal Bank Of Canada lowered their price target on General Motors from $96.00 to $95.00 and set an "outperform" rating for the company in a research report on Wednesday. Finally, Mizuho cut their price objective on General Motors from $105.00 to $100.00 and set an "outperform" rating on the stock in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $92.00.

General Motors Company Profile

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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