Jefferies Financial Group Issues Positive Forecast for General Motors (NYSE:GM) Stock Price

General Motors (NYSE:GM) (TSE:GMM.U) had its price target increased by Jefferies Financial Group from $85.00 to $97.00 in a report published on Monday,Benzinga reports. Jefferies Financial Group currently has a hold rating on the auto manufacturer’s stock.

A number of other research firms also recently weighed in on GM. Tigress Financial upped their target price on General Motors from $88.00 to $92.00 and gave the stock a “strong-buy” rating in a report on Friday, October 24th. DZ Bank upgraded General Motors from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Thursday, January 29th. 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. Deutsche Bank Aktiengesellschaft raised their price objective on General Motors from $82.00 to $83.00 and gave the company a “hold” rating in a research report on Wednesday, January 28th. Finally, UBS Group upped their target price on shares of General Motors from $97.00 to $102.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, General Motors has a consensus rating of “Moderate Buy” and a consensus target price of $88.43.

General Motors Stock Up 0.3%

Shares of General Motors stock opened at $84.22 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 1.50. General Motors has a 12-month low of $41.60 and a 12-month high of $87.31. The company has a market cap of $76.13 billion, a P/E ratio of 27.98, a PEG ratio of 0.46 and a beta of 1.31. The company’s fifty day simple moving average is $80.40 and its two-hundred day simple moving average is $67.27.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results 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 net margin of 1.46% and a return on equity of 14.72%. The firm 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 firm posted $1.92 EPS. The company’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. Research analysts anticipate that General Motors will post 11.44 EPS for the current year.

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

General Motors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, March 6th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. This is a boost from General Motors’s previous quarterly dividend of $0.15. General Motors’s payout ratio is presently 23.92%.

Insider Buying and Selling

In other General Motors news, CAO Christopher Hatto sold 7,724 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $72.00, for a total transaction of $556,128.00. Following the completion of the sale, the chief accounting officer directly owned 12,007 shares in the company, valued at approximately $864,504. This trade represents a 39.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On General Motors

Several large investors have recently bought and sold shares of GM. Vanguard Group Inc. grew its stake in shares of General Motors by 11.5% in the second quarter. Vanguard Group Inc. now owns 110,759,703 shares of the auto manufacturer’s stock worth $5,450,485,000 after acquiring an additional 11,418,367 shares during the period. Norges Bank purchased a new stake in General Motors in the second quarter worth approximately $444,319,000. Viking Global Investors LP boosted its holdings in General Motors by 81.1% in the second quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock worth $640,659,000 after purchasing an additional 5,830,050 shares during the last quarter. Two Sigma Investments LP grew its position in General Motors by 348.4% in the 3rd quarter. Two Sigma Investments LP now owns 3,549,170 shares of the auto manufacturer’s stock worth $216,393,000 after purchasing an additional 2,757,695 shares during the period. Finally, Worldquant Millennium Advisors LLC raised its stake in General Motors by 436.8% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 2,658,525 shares of the auto manufacturer’s stock valued at $130,826,000 after buying an additional 2,163,274 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.

About General Motors

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.