Asahi Life Asset Management CO. LTD. Takes Position in General Motors Company $GM

Asahi Life Asset Management CO. LTD. purchased a new position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,990 shares of the auto manufacturer’s stock, valued at approximately $487,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC grew its holdings in shares of General Motors by 456.1% during the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock worth $2,062,000 after purchasing an additional 31,755 shares during the period. Sivia Capital Partners LLC lifted its position in General Motors by 61.4% in the second quarter. Sivia Capital Partners LLC now owns 18,548 shares of the auto manufacturer’s stock valued at $913,000 after buying an additional 7,058 shares during the last quarter. Ethic Inc. lifted its position in General Motors by 4.9% in the second quarter. Ethic Inc. now owns 75,309 shares of the auto manufacturer’s stock valued at $3,741,000 after buying an additional 3,499 shares during the last quarter. Principle Wealth Partners LLC boosted its stake in General Motors by 6.8% during the second quarter. Principle Wealth Partners LLC now owns 8,153 shares of the auto manufacturer’s stock worth $401,000 after buying an additional 522 shares during the period. Finally, Catalyst Capital Advisors LLC increased its position in shares of General Motors by 43.5% during the second quarter. Catalyst Capital Advisors LLC now owns 2,267 shares of the auto manufacturer’s stock valued at $112,000 after acquiring an additional 687 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GM. The Goldman Sachs Group set a $104.00 price objective on shares of General Motors in a report on Tuesday, January 27th. Wedbush raised their price target on General Motors from $75.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. DZ Bank raised General Motors from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research note on Thursday, January 29th. Wells Fargo & Company increased their target price on General Motors from $48.00 to $57.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 28th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $100.00 target price 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 given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.52.

General Motors Trading Down 0.0%

GM opened at $81.44 on Friday. The business has a fifty day moving average price of $82.19 and a 200 day moving average price of $69.94. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.17 and a quick ratio of 1.01. 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 $73.62 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 0.45 and a beta of 1.36.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data 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. General Motors had a return on equity of 14.72% and a net margin of 1.46%.The business had revenue of $45.29 billion during the quarter, compared to analysts’ expectations of $45.81 billion. During the same quarter last year, the business posted $1.92 EPS. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. Sell-side analysts expect that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Friday, March 6th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from General Motors’s previous quarterly dividend of $0.15. General Motors’s payout ratio is currently 19.93%.

General Motors declared that its board has approved a stock repurchase plan on Tuesday, January 27th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to buy up to 8.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

General Motors 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.