Cibc World Market Inc. Has $7.79 Million Stock Position in General Motors Company $GM

Cibc World Market Inc. lowered its position in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 10.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,678 shares of the auto manufacturer’s stock after selling 14,831 shares during the period. Cibc World Market Inc.’s holdings in General Motors were worth $7,785,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in GM. Steigerwald Gordon & Koch Inc. bought a new stake in General Motors in the 3rd quarter valued at about $29,000. Armstrong Advisory Group Inc. boosted its stake in shares of General Motors by 94.6% in the third quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer’s stock valued at $33,000 after buying an additional 265 shares during the period. ESL Trust Services LLC acquired a new stake in General Motors during the third quarter worth approximately $37,000. Twin Peaks Wealth Advisors LLC bought a new position in General Motors during the 2nd quarter worth $38,000. Finally, Optimum Investment Advisors raised its holdings in General Motors by 60.0% in the 2nd quarter. Optimum Investment Advisors now owns 800 shares of the auto manufacturer’s stock valued at $39,000 after acquiring an additional 300 shares in the last quarter. 92.67% of the stock is currently owned by institutional investors.

General Motors Trading Up 1.3%

NYSE GM opened at $81.00 on Friday. The company has a market cap of $73.22 billion, a price-to-earnings ratio of 26.91, a price-to-earnings-growth ratio of 0.44 and a beta of 1.36. General Motors Company has a twelve month low of $41.60 and a twelve month high of $87.62. 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 business’s fifty day moving average is $81.92 and its 200 day moving average is $68.92.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last issued its earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share (EPS) for the quarter, topping 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 business had revenue of $45.29 billion during the quarter, compared to analysts’ expectations of $45.81 billion. During the same quarter in the prior year, the firm earned $1.92 EPS. The business’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. As a group, sell-side analysts expect that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors announced that its Board of Directors has authorized a stock repurchase program on Tuesday, January 27th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to reacquire up to 8.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

General Motors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Friday, March 6th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from General Motors’s previous quarterly dividend of $0.15. General Motors’s payout ratio is presently 19.93%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of General Motors in a report on Thursday, January 22nd. Mizuho upped their price objective on shares of General Motors from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Benchmark increased their price objective on shares of General Motors from $65.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday. Royal Bank Of Canada raised their target price on shares of General Motors from $92.00 to $107.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Finally, TD Cowen reaffirmed a “buy” rating on shares of General Motors in a report on Wednesday, January 28th. Two equities research 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $89.52.

View Our Latest Stock Analysis on GM

Key Stories Impacting General Motors

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General Motors 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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