DCF Advisers LLC Reduces Position in General Motors Company $GM

DCF Advisers LLC lessened its holdings in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 50.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,500 shares of the auto manufacturer’s stock after selling 12,500 shares during the quarter. DCF Advisers LLC’s holdings in General Motors were worth $762,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Sunpointe LLC bought a new stake in General Motors during the 3rd quarter valued at $238,000. Crossmark Global Holdings Inc. boosted its holdings in shares of General Motors by 7.2% in the third quarter. Crossmark Global Holdings Inc. now owns 161,150 shares of the auto manufacturer’s stock worth $9,825,000 after acquiring an additional 10,826 shares during the period. KCM Investment Advisors LLC bought a new position in shares of General Motors in the third quarter worth $200,000. Reyes Financial Architecture Inc. grew its position in shares of General Motors by 76.2% in the third quarter. Reyes Financial Architecture Inc. now owns 2,337 shares of the auto manufacturer’s stock valued at $142,000 after purchasing an additional 1,011 shares in the last quarter. Finally, Insigneo Advisory Services LLC raised its stake in shares of General Motors by 11.7% during the 3rd quarter. Insigneo Advisory Services LLC now owns 6,010 shares of the auto manufacturer’s stock valued at $366,000 after purchasing an additional 630 shares during the period. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors News Roundup

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

Analyst Ratings Changes

A number of brokerages recently issued reports on GM. Citigroup increased their price objective on General Motors from $86.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, January 12th. The Goldman Sachs Group set a $104.00 price target on General Motors in a research report on Tuesday, January 27th. TD Cowen reissued a “buy” rating on shares of General Motors in a report on Wednesday, January 28th. Piper Sandler restated an “overweight” rating and issued a $105.00 price objective (up from $98.00) on shares of General Motors in a research report on Wednesday, January 28th. Finally, Wells Fargo & Company boosted their price objective on shares of General Motors from $48.00 to $57.00 and gave the company an “underweight” rating in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.39.

Check Out Our Latest Research Report on General Motors

General Motors Price Performance

General Motors stock opened at $75.12 on Friday. The stock has a market cap of $67.91 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 0.41 and a beta of 1.37. The company has a quick ratio of 1.01, a current ratio of 1.17 and a debt-to-equity ratio of 1.50. The business has a 50-day simple moving average of $81.50 and a 200 day simple moving average of $71.62. General Motors Company has a 52 week low of $41.60 and a 52 week high of $87.62.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share 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 company’s revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.92 EPS. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. On average, research analysts forecast that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, March 6th will be paid a $0.18 dividend. This is an increase from General Motors’s previous quarterly dividend of $0.15. This represents a $0.72 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, March 6th. General Motors’s payout ratio is 19.93%.

General Motors declared that its board has approved a share buyback program on Tuesday, January 27th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the auto manufacturer to buy up to 8.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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

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

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