7,927 Shares in General Motors Company $GM Bought by CenterBook Partners LP

CenterBook Partners LP purchased a new stake in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,927 shares of the auto manufacturer’s stock, valued at approximately $483,000.

Other institutional investors have also modified their holdings of the company. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of General Motors in the third quarter worth about $29,000. Armstrong Advisory Group Inc. boosted its position in General Motors by 94.6% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer’s stock worth $33,000 after purchasing an additional 265 shares in the last quarter. ESL Trust Services LLC acquired a new stake in shares of General Motors during the 3rd quarter worth approximately $37,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of General Motors during the 2nd quarter valued at approximately $38,000. Finally, Optimum Investment Advisors lifted its stake in shares of General Motors by 60.0% in the 2nd quarter. Optimum Investment Advisors now owns 800 shares of the auto manufacturer’s stock valued at $39,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Price Performance

NYSE:GM opened at $81.44 on Friday. The stock has a 50 day moving average of $82.19 and a two-hundred day moving average of $70.06. General Motors Company has a 12 month low of $41.60 and a 12 month high of $87.62. The firm has a market cap of $73.62 billion, a P/E ratio of 27.06, a price-to-earnings-growth ratio of 0.45 and a beta of 1.36. The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 1.50.

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, topping analysts’ consensus estimates of $2.26 by $0.25. General Motors had a return on equity of 14.72% and a net margin of 1.46%.The firm had revenue of $45.29 billion for the quarter, compared to analyst estimates of $45.81 billion. During the same period in the previous year, the company posted $1.92 earnings per share. The business’s revenue was down 5.1% on a year-over-year basis. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. On average, analysts expect that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors announced that its board has approved a share buyback plan on Tuesday, January 27th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the auto manufacturer to buy up to 8.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

General Motors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, March 6th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. This is a positive change from General Motors’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, March 6th. General Motors’s dividend payout ratio (DPR) is currently 19.93%.

Key Headlines Impacting General Motors

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

Analyst Ratings Changes

Several research firms recently commented on GM. DZ Bank upgraded shares of General Motors from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Thursday, January 29th. Zacks Research cut General Motors from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Benchmark upped their price target on General Motors from $65.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Mizuho raised their price objective on General Motors from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Finally, Royal Bank Of Canada upped their target price on General Motors from $92.00 to $107.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Two equities 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 issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $89.52.

View Our Latest Analysis on General Motors

General Motors 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.

Further Reading

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

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