Groupama Asset Managment Makes New $503,000 Investment in General Motors Company $GM

Groupama Asset Managment acquired a new stake in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 8,258 shares of the auto manufacturer’s stock, valued at approximately $503,000.

Several other large investors have also modified their holdings of GM. Brighton Jones LLC increased its holdings in shares of General Motors by 456.1% in the 4th quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock valued at $2,062,000 after acquiring an additional 31,755 shares during the period. Sivia Capital Partners LLC boosted its stake 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 worth $913,000 after purchasing an additional 7,058 shares during the period. Wealthspire Advisors LLC acquired a new stake in General Motors during the 2nd quarter worth $221,000. Dynamic Technology Lab Private Ltd purchased a new position in General Motors during the 2nd quarter worth $480,000. Finally, Prudential PLC increased its stake in General Motors by 36.0% in the second quarter. Prudential PLC now owns 25,865 shares of the auto manufacturer’s stock valued at $1,273,000 after purchasing an additional 6,846 shares during the period. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Trading Down 1.4%

NYSE GM opened at $72.74 on Friday. 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 capitalization of $65.75 billion, a P/E ratio of 24.17, a P/E/G ratio of 0.39 and a beta of 1.37. General Motors Company has a 52-week low of $41.60 and a 52-week high of $87.62. The firm has a 50-day moving average price of $79.76 and a 200 day moving average price of $72.81.

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 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.25. General Motors had a return on equity of 14.72% and a net margin of 1.46%.The company had revenue of $45.29 billion for the quarter, compared to analyst estimates of $45.81 billion. During the same quarter in the previous year, the company earned $1.92 EPS. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. Equities research analysts expect that General Motors Company will post 11.44 EPS for the current year.

General Motors announced that its board has approved a share repurchase plan 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 shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

General Motors Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Friday, March 6th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from General Motors’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, March 6th. General Motors’s dividend payout ratio (DPR) is presently 23.92%.

Key General Motors News

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

Analyst Ratings Changes

A number of brokerages have recently commented on GM. Citigroup upped their target price on shares of General Motors from $86.00 to $98.00 and gave the company a “buy” rating in a report on Monday, January 12th. Zacks Research cut General Motors from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. HSBC increased their price objective on General Motors from $48.00 to $75.00 and gave the stock a “hold” rating in a research report on Tuesday, January 13th. TD Cowen reissued a “buy” rating on shares of General Motors in a report on Wednesday, January 28th. Finally, Royal Bank Of Canada upped their price target on General Motors from $92.00 to $107.00 and gave the stock an “outperform” 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 issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, General Motors currently has an average rating of “Moderate Buy” and an average target price of $91.39.

Get Our Latest Analysis on General Motors

About General Motors

(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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