Calamos Advisors LLC Has $42.30 Million Stock Holdings in General Motors Company $GM

Calamos Advisors LLC lessened its stake in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 520,155 shares of the auto manufacturer’s stock after selling 11,236 shares during the quarter. Calamos Advisors LLC owned 0.06% of General Motors worth $42,299,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Franklin Resources Inc. increased its stake in General Motors by 3.3% in the 3rd quarter. Franklin Resources Inc. now owns 31,322,758 shares of the auto manufacturer’s stock valued at $1,909,748,000 after buying an additional 989,189 shares during the period. Capital World Investors increased its stake in General Motors by 8.2% in the 3rd quarter. Capital World Investors now owns 18,130,519 shares of the auto manufacturer’s stock valued at $1,105,420,000 after buying an additional 1,366,467 shares during the period. AQR Capital Management LLC increased its stake in General Motors by 5.5% in the 3rd quarter. AQR Capital Management LLC now owns 14,252,689 shares of the auto manufacturer’s stock valued at $868,986,000 after buying an additional 748,831 shares during the period. Viking Global Investors LP increased its stake in General Motors by 81.1% in the 2nd quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock valued at $640,659,000 after buying an additional 5,830,050 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of General Motors by 5.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,001,245 shares of the auto manufacturer’s stock worth $365,897,000 after purchasing an additional 302,140 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Price Performance

NYSE GM opened at $78.06 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 1.50. The company has a fifty day simple moving average of $76.84 and a 200 day simple moving average of $75.70. The company has a market cap of $70.57 billion, a P/E ratio of 25.93, a P/E/G ratio of 0.44 and a beta of 1.34. General Motors Company has a 1 year low of $44.72 and a 1 year high of $87.62.

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 (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.25. The business had revenue of $45.29 billion during the quarter, compared to the consensus estimate of $45.81 billion. General Motors had a net margin of 1.46% and a return on equity of 14.72%. General Motors’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.92 EPS. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. On average, sell-side analysts predict that General Motors Company will post 12.43 EPS for the current year.

General Motors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Friday, March 6th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. This is an increase from General Motors’s previous quarterly dividend of $0.15. General Motors’s payout ratio is currently 23.92%.

General Motors announced that its board has initiated a stock buyback program on Tuesday, January 27th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the auto manufacturer to repurchase up to 8.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Key Headlines Impacting General Motors

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. HSBC lifted their price objective on shares of General Motors from $48.00 to $75.00 and gave the company a “hold” rating in a research note on Tuesday, January 13th. The Goldman Sachs Group decreased their price objective on shares of General Motors from $104.00 to $91.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. JPMorgan Chase & Co. upped their price objective on shares of General Motors from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, January 21st. UBS Group upped their price objective on shares of General Motors from $102.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, April 14th. Finally, Wells Fargo & Company upped their price objective on shares of General Motors from $48.00 to $57.00 and gave the stock an “underweight” rating in a report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, General Motors presently has an average rating of “Moderate Buy” and an average target price of $91.25.

Read Our Latest Analysis on GM

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.

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

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