FORA Capital LLC Boosts Holdings in General Motors Company $GM

FORA Capital LLC boosted its holdings in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 61.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,207 shares of the auto manufacturer’s stock after buying an additional 19,151 shares during the quarter. FORA Capital LLC’s holdings in General Motors were worth $3,061,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Limestone Investment Advisors LP purchased a new stake in shares of General Motors in the 3rd quarter worth $750,000. Legacy Advisors LLC bought a new position in General Motors in the 3rd quarter worth $300,000. Vise Technologies Inc. raised its holdings in General Motors by 10.1% in the 3rd quarter. Vise Technologies Inc. now owns 11,373 shares of the auto manufacturer’s stock worth $693,000 after purchasing an additional 1,045 shares during the period. Tocqueville Asset Management L.P. purchased a new position in General Motors during the third quarter valued at $332,000. Finally, Quadrature Capital Ltd grew its holdings in General Motors by 219.3% during the third quarter. Quadrature Capital Ltd now owns 105,148 shares of the auto manufacturer’s stock valued at $6,410,000 after purchasing an additional 72,214 shares during the period. 92.67% of the stock is currently owned by institutional investors.

General Motors Price Performance

Shares of General Motors stock opened at $72.35 on Friday. The company has a market capitalization of $65.40 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 0.40 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 stock’s 50-day simple moving average is $80.72 and its 200-day simple moving average is $72.20. 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 earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share (EPS) for the quarter, topping 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 firm 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 earnings per share. The firm’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. As a group, analysts expect that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, March 6th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, March 6th. This is an increase from General Motors’s previous quarterly dividend of $0.15. This represents a $0.72 annualized dividend and a dividend yield of 1.0%. General Motors’s dividend payout ratio (DPR) is 23.92%.

General Motors announced that its Board of Directors has initiated a share repurchase plan on Tuesday, January 27th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the auto manufacturer to purchase up to 8.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

GM has been the subject of a number of analyst reports. Barclays set a $110.00 price target on General Motors in a research report on Wednesday, January 28th. Royal Bank Of Canada boosted their price objective on General Motors from $92.00 to $107.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. UBS Group increased their target price on shares of General Motors from $97.00 to $102.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. JPMorgan Chase & Co. raised their target price on shares of General Motors from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Finally, Mizuho lifted their price target on shares of General Motors from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, General Motors presently has an average rating of “Moderate Buy” and an average price target of $91.39.

Check Out Our Latest Analysis on GM

General Motors News Summary

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

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.

Featured Stories

Want to see what other hedge funds are holding GM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Motors Company (NYSE:GMFree Report) (TSE:GMM.U).

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

Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.