BI Asset Management Fondsmaeglerselskab A S Grows Position in General Motors Company $GM

BI Asset Management Fondsmaeglerselskab A S raised its position in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 53.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 907,092 shares of the auto manufacturer’s stock after acquiring an additional 316,799 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned approximately 0.10% of General Motors worth $55,305,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GM. Vanguard Group Inc. grew its stake in shares of General Motors by 11.5% during the second quarter. Vanguard Group Inc. now owns 110,759,703 shares of the auto manufacturer’s stock worth $5,450,485,000 after purchasing an additional 11,418,367 shares in the last quarter. Norges Bank purchased a new stake in General Motors during the 2nd quarter worth about $444,319,000. Viking Global Investors LP boosted its position in shares of General Motors by 81.1% during the 2nd quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock worth $640,659,000 after acquiring an additional 5,830,050 shares in the last quarter. Worldquant Millennium Advisors LLC increased its holdings in shares of General Motors by 436.8% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 2,658,525 shares of the auto manufacturer’s stock valued at $130,826,000 after acquiring an additional 2,163,274 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of General Motors by 125.9% during the 2nd quarter. Marshall Wace LLP now owns 3,699,220 shares of the auto manufacturer’s stock worth $182,039,000 after acquiring an additional 2,061,712 shares in the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Price Performance

Shares of NYSE:GM opened at $86.12 on Thursday. General Motors Company has a one year low of $41.60 and a one year high of $87.62. The stock has a market capitalization of $77.85 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 0.47 and a beta of 1.36. The company has a 50-day simple moving average of $80.92 and a 200-day simple moving average of $67.63. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.01 and a current ratio of 1.17.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.25. The firm had revenue of $45.29 billion for the quarter, compared to analysts’ expectations of $45.81 billion. General Motors had a return on equity of 14.72% and a net margin of 1.46%.The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.92 EPS. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. On average, analysts predict that General Motors Company will post 11.44 EPS for the current year.

General Motors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, March 6th will be issued a dividend of $0.18 per share. This is a boost from General Motors’s previous quarterly dividend of $0.15. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, March 6th. General Motors’s dividend payout ratio is 19.93%.

General Motors declared that its board has initiated a stock repurchase program on Tuesday, January 27th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the auto manufacturer to purchase 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 stock is undervalued.

Analysts Set New Price Targets

Several brokerages have commented on GM. TD Cowen reiterated a “buy” rating on shares of General Motors in a research note on Wednesday, January 28th. Mizuho lifted their price target on shares of General Motors from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Evercore ISI boosted their price target on shares of General Motors from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday. UBS Group raised their price objective on General Motors from $97.00 to $102.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, Wall Street Zen downgraded General Motors from a “buy” rating to a “hold” rating in a report on Sunday, January 4th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $88.43.

View Our Latest Report on GM

Insiders Place Their Bets

In other General Motors news, CAO Christopher Hatto sold 7,724 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $72.00, for a total value of $556,128.00. Following the transaction, the chief accounting officer directly owned 12,007 shares of the company’s stock, valued at approximately $864,504. The trade was a 39.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.54% of the stock is currently owned by company insiders.

Key Headlines Impacting General Motors

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

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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