Danske Bank A S Purchases New Stake in General Motors Company $GM

Danske Bank A S purchased a new stake in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 877,168 shares of the auto manufacturer’s stock, valued at approximately $53,481,000. Danske Bank A S owned 0.09% of General Motors as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of General Motors by 456.1% during the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock worth $2,062,000 after purchasing an additional 31,755 shares during the period. Sivia Capital Partners LLC increased its holdings in General Motors by 61.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 18,548 shares of the auto manufacturer’s stock valued at $913,000 after purchasing an additional 7,058 shares during the period. Avantax Advisory Services Inc. raised its position in General Motors by 5.3% during the 2nd quarter. Avantax Advisory Services Inc. now owns 74,928 shares of the auto manufacturer’s stock valued at $3,687,000 after purchasing an additional 3,797 shares during the last quarter. Citizens Financial Group Inc. RI lifted its holdings in General Motors by 39.5% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 8,261 shares of the auto manufacturer’s stock worth $407,000 after buying an additional 2,338 shares during the period. Finally, Frank Rimerman Advisors LLC grew its position in shares of General Motors by 45.5% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 8,570 shares of the auto manufacturer’s stock worth $422,000 after buying an additional 2,678 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

Key General Motors News

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wall Street Zen cut General Motors from a “buy” rating to a “hold” rating in a research note on Sunday, January 4th. Zacks Research cut shares of General Motors from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Jefferies Financial Group boosted their price objective on shares of General Motors from $85.00 to $97.00 and gave the company a “hold” rating in a research report on Monday, February 2nd. Citigroup raised their target price on shares of General Motors from $86.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Finally, Bank of America began coverage on shares of General Motors in a research note on Wednesday, March 4th. They set a “buy” rating and a $105.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned 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 has an average rating of “Moderate Buy” and a consensus target price of $91.39.

View Our Latest Research Report on General Motors

General Motors Price Performance

Shares of GM stock opened at $73.44 on Thursday. The business’s fifty day moving average is $80.18 and its 200 day moving average is $72.60. 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 has a market cap of $66.39 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 0.40 and a beta of 1.37. General Motors Company has a twelve month low of $41.60 and a twelve month high of $87.62.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, January 27th. The auto manufacturer reported $2.51 EPS for the quarter, beating 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 business had revenue of $45.29 billion during the quarter, compared to analyst estimates of $45.81 billion. During the same quarter last year, the firm posted $1.92 earnings per share. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. Research analysts expect that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors declared that its board has initiated a stock buyback plan on Tuesday, January 27th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the auto manufacturer to purchase up to 8.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.

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 given a dividend of $0.18 per share. This is an increase from General Motors’s previous quarterly dividend of $0.15. 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 1.0%. General Motors’s dividend payout ratio is 23.92%.

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.

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

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