10,261 Shares in General Motors Company $GM Acquired by AXQ Capital LP

AXQ Capital LP bought a new stake in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,261 shares of the auto manufacturer’s stock, valued at approximately $626,000.

Several other hedge funds have also recently modified their holdings of GM. Hemington Wealth Management increased its holdings in General Motors by 14.5% in the 3rd quarter. Hemington Wealth Management now owns 1,219 shares of the auto manufacturer’s stock worth $74,000 after buying an additional 154 shares in the last quarter. Fielder Capital Group LLC boosted its holdings in shares of General Motors by 3.3% during the 3rd quarter. Fielder Capital Group LLC now owns 5,131 shares of the auto manufacturer’s stock valued at $313,000 after acquiring an additional 163 shares during the last quarter. Resonant Capital Advisors LLC grew its stake in shares of General Motors by 3.4% in the third quarter. Resonant Capital Advisors LLC now owns 5,222 shares of the auto manufacturer’s stock worth $318,000 after acquiring an additional 171 shares during the period. Unison Advisors LLC grew its stake in shares of General Motors by 0.3% in the third quarter. Unison Advisors LLC now owns 68,272 shares of the auto manufacturer’s stock worth $4,163,000 after acquiring an additional 196 shares during the period. Finally, Synovus Financial Corp raised its holdings in shares of General Motors by 0.9% during the third quarter. Synovus Financial Corp now owns 21,203 shares of the auto manufacturer’s stock valued at $1,293,000 after purchasing an additional 199 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Stock Performance

Shares of GM opened at $81.28 on Wednesday. The business has a 50-day simple moving average of $82.13 and a two-hundred day simple moving average of $70.56. The company has a quick ratio of 1.01, a current ratio of 1.17 and a debt-to-equity ratio of 1.50. General Motors Company has a 52 week low of $41.60 and a 52 week high of $87.62. The stock has a market cap of $73.48 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 0.44 and a beta of 1.36.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates 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 business’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.92 EPS. 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 EPS for the current year.

General Motors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, March 6th will be paid a $0.18 dividend. 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. The ex-dividend date of this dividend is Friday, March 6th. General Motors’s dividend payout ratio is currently 19.93%.

General Motors announced that its Board of Directors has initiated a share buyback program 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 programs are often a sign that the company’s board believes its stock is undervalued.

Key General Motors News

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on GM. TD Cowen reaffirmed a “buy” rating on shares of General Motors in a research report on Wednesday, January 28th. Benchmark raised their price target on General Motors from $65.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Piper Sandler reiterated an “overweight” rating and set a $105.00 price objective (up from $98.00) on shares of General Motors in a research report on Wednesday, January 28th. Mizuho increased their target price on General Motors from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Finally, Evercore boosted their price target on General Motors from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $89.52.

Read Our Latest Research Report 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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