Lansforsakringar Fondforvaltning AB publ Has $19.41 Million Stake in General Motors Company $GM

Lansforsakringar Fondforvaltning AB publ grew its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 5.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 318,326 shares of the auto manufacturer’s stock after purchasing an additional 15,965 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in General Motors were worth $19,408,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Steigerwald Gordon & Koch Inc. acquired a new stake in General Motors in the 3rd quarter valued at approximately $29,000. Armstrong Advisory Group Inc. grew its stake in shares of General Motors by 94.6% in the third quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer’s stock worth $33,000 after acquiring an additional 265 shares during the last quarter. ESL Trust Services LLC acquired a new position in General Motors during the 3rd quarter valued at $37,000. Twin Peaks Wealth Advisors LLC bought a new stake in General Motors in the 2nd quarter valued at $38,000. Finally, Optimum Investment Advisors grew its position in General Motors by 60.0% in the 2nd quarter. Optimum Investment Advisors now owns 800 shares of the auto manufacturer’s stock worth $39,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GM. Barclays set a $110.00 price objective on shares of General Motors in a research report on Wednesday, January 28th. JPMorgan Chase & Co. raised their price objective on General Motors from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Wedbush boosted their price objective on General Motors from $75.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. Zacks Research cut General Motors from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Finally, Wall Street Zen downgraded shares of General Motors from a “buy” rating to a “hold” rating in a research note on Sunday, January 4th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $89.52.

General Motors Stock Down 0.0%

Shares of NYSE GM opened at $81.44 on Monday. General Motors Company has a 52-week low of $41.60 and a 52-week high of $87.62. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.01 and a current ratio of 1.17. The business has a fifty day moving average of $82.19 and a two-hundred day moving average of $70.18. The stock has a market cap of $73.62 billion, a PE 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 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. The business had revenue of $45.29 billion during the quarter, compared to analysts’ expectations of $45.81 billion. General Motors had a net margin of 1.46% and a return on equity of 14.72%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter last year, the company posted $1.92 EPS. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. As a group, equities research analysts expect that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Increases Dividend

The firm 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. The ex-dividend date of this dividend is Friday, March 6th. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. This is a positive change from General Motors’s previous quarterly dividend of $0.15. General Motors’s payout ratio is 19.93%.

General Motors announced that its Board of Directors has authorized 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 purchase up to 8.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

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.