Choreo LLC Purchases 11,280 Shares of General Motors Company $GM

Choreo LLC boosted its position in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 51.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,304 shares of the auto manufacturer’s stock after buying an additional 11,280 shares during the quarter. Choreo LLC’s holdings in General Motors were worth $2,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in General Motors by 11.5% in the 2nd quarter. Vanguard Group Inc. now owns 110,759,703 shares of the auto manufacturer’s stock valued at $5,450,485,000 after acquiring an additional 11,418,367 shares during the period. Viking Global Investors LP increased its stake in shares of 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 in the last quarter. Legal & General Group Plc raised its position in shares of General Motors by 0.5% in the second quarter. Legal & General Group Plc now owns 10,143,779 shares of the auto manufacturer’s stock valued at $499,175,000 after purchasing an additional 54,853 shares during the period. Norges Bank purchased a new stake in shares of General Motors during the 2nd quarter valued at approximately $444,319,000. Finally, Ameriprise Financial Inc. boosted its holdings in General Motors by 8.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,699,105 shares of the auto manufacturer’s stock worth $280,457,000 after buying an additional 424,396 shares during the period. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Stock Down 2.8%

Shares of NYSE GM opened at $78.56 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. The business has a 50-day moving average of $82.09 and a 200-day moving average of $71.11. The firm has a market capitalization of $71.02 billion, a price-to-earnings ratio of 26.10, a PEG ratio of 0.43 and a beta of 1.37. General Motors Company has a 12 month low of $41.60 and a 12 month high of $87.62.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last announced its earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.25. The business had revenue of $45.29 billion during the quarter, compared to analyst estimates of $45.81 billion. General Motors had a net margin of 1.46% and a return on equity of 14.72%. General Motors’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.92 earnings per share. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. Sell-side analysts expect that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, March 6th will be paid a $0.18 dividend. This is a boost from General Motors’s previous quarterly dividend of $0.15. 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. General Motors’s payout ratio is currently 19.93%.

General Motors declared that its Board of Directors has approved a stock repurchase plan on Tuesday, January 27th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the auto manufacturer to repurchase up to 8.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

GM has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of General Motors from $82.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, January 28th. Benchmark boosted their price objective on General Motors from $65.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. TD Cowen reissued a “buy” rating on shares of General Motors in a report on Wednesday, January 28th. Wedbush lifted their target price on General Motors from $75.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Finally, Citigroup increased their price target on shares of General Motors from $86.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, General Motors presently has an average rating of “Moderate Buy” and an average price target of $89.52.

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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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