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QRG Capital Management Inc. Cuts Stock Holdings in General Motors Company $GM

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QRG Capital Management Inc. decreased its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 17.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 181,581 shares of the auto manufacturer's stock after selling 37,108 shares during the quarter. QRG Capital Management Inc.'s holdings in General Motors were worth $14,766,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in General Motors by 20.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 235,793 shares of the auto manufacturer's stock worth $13,502,000 after purchasing an additional 39,650 shares during the last quarter. M&T Bank Corp boosted its holdings in General Motors by 82.0% in the fourth quarter. M&T Bank Corp now owns 72,062 shares of the auto manufacturer's stock worth $5,860,000 after purchasing an additional 32,474 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in General Motors by 7.9% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 194,869 shares of the auto manufacturer's stock worth $11,882,000 after purchasing an additional 14,209 shares during the last quarter. Legacy Capital Group California Inc. boosted its holdings in General Motors by 206.4% in the fourth quarter. Legacy Capital Group California Inc. now owns 21,004 shares of the auto manufacturer's stock worth $1,708,000 after purchasing an additional 14,150 shares during the last quarter. Finally, Perbak Capital Partners LLP boosted its holdings in General Motors by 94.1% in the third quarter. Perbak Capital Partners LLP now owns 47,086 shares of the auto manufacturer's stock worth $2,871,000 after purchasing an additional 22,829 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GM. HSBC raised their target price on shares of General Motors from $48.00 to $75.00 and gave the stock a "hold" rating in a report on Tuesday, January 13th. Weiss Ratings restated a "hold (c)" rating on shares of General Motors in a report on Tuesday, April 21st. Evercore restated an "outperform" rating and issued a $100.00 target price on shares of General Motors in a report on Monday. The Goldman Sachs Group dropped their target price on shares of General Motors from $104.00 to $91.00 and set a "buy" rating on the stock in a report on Tuesday, April 14th. Finally, Bank of America began coverage on shares of General Motors in a research note on Wednesday, March 4th. They set a "buy" rating and a $105.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, General Motors presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.65.

Get Our Latest Report on GM

Trending Headlines about General Motors

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

General Motors Trading Up 0.6%

Shares of General Motors stock opened at $76.19 on Wednesday. The stock has a market capitalization of $68.70 billion, a PE ratio of 30.72, a P/E/G ratio of 0.38 and a beta of 1.29. General Motors Company has a 1-year low of $44.84 and a 1-year high of $87.62. The company's fifty day simple moving average is $76.40 and its 200-day simple moving average is $76.71. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.15 and a quick ratio of 0.99.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 EPS for the quarter, beating the consensus estimate of $2.61 by $1.09. The firm had revenue of $43.62 billion for the quarter, compared to the consensus estimate of $43.51 billion. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The company's revenue was down .9% on a year-over-year basis. During the same period last year, the firm earned $2.78 EPS. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, equities analysts anticipate that General Motors Company will post 12.73 earnings per share for the current year.

General Motors Dividend Announcement

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

General Motors announced that its Board of Directors has approved a stock buyback plan on Tuesday, January 27th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the auto manufacturer to repurchase up to 8.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

General Motors Company Profile

(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.

See Also

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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