General Motors Company $GM Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its stake in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 5.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,001,245 shares of the auto manufacturer’s stock after buying an additional 302,140 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.64% of General Motors worth $365,897,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Schonfeld Strategic Advisors LLC lifted its position in shares of General Motors by 20.4% during the third quarter. Schonfeld Strategic Advisors LLC now owns 421,918 shares of the auto manufacturer’s stock worth $25,724,000 after purchasing an additional 71,482 shares during the last quarter. Creative Planning increased its holdings in General Motors by 23.6% in the third quarter. Creative Planning now owns 272,087 shares of the auto manufacturer’s stock valued at $16,589,000 after buying an additional 51,937 shares during the last quarter. Lazard Asset Management LLC increased its holdings in General Motors by 60.1% in the third quarter. Lazard Asset Management LLC now owns 583,547 shares of the auto manufacturer’s stock valued at $35,579,000 after buying an additional 219,046 shares during the last quarter. AQR Capital Management LLC raised its stake in General Motors by 5.5% during the third 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 in the last quarter. Finally, Credit Agricole S A bought a new position in General Motors during the 3rd quarter worth approximately $16,170,000. Institutional investors own 92.67% of the company’s stock.

General Motors Price Performance

Shares of NYSE:GM opened at $72.89 on Tuesday. The stock has a market cap of $65.89 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 0.39 and a beta of 1.37. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.17 and a quick ratio of 1.01. General Motors Company has a 12 month low of $41.60 and a 12 month high of $87.62. The stock’s 50 day moving average price is $80.51 and its 200 day moving average price is $72.49.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share (EPS) 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 firm had revenue of $45.29 billion during the quarter, compared to analyst estimates of $45.81 billion. During the same period last year, the company posted $1.92 EPS. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. Equities research analysts anticipate that General Motors Company will post 11.44 earnings per share for the current fiscal year.

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

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 dividend of $0.18 per share. This is an increase from General Motors’s previous quarterly dividend of $0.15. This represents a $0.72 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, March 6th. General Motors’s dividend payout ratio (DPR) is 23.92%.

Key Stories Impacting General Motors

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

Wall Street Analyst Weigh In

GM has been the subject of several research reports. The Goldman Sachs Group set a $104.00 target price on General Motors in a research report on Tuesday, January 27th. Piper Sandler reissued an “overweight” rating and set a $105.00 price target (up from $98.00) on shares of General Motors in a research report on Wednesday, January 28th. HSBC raised their price target on shares of General Motors from $48.00 to $75.00 and gave the stock a “hold” rating in a research report on Tuesday, January 13th. Morgan Stanley restated an “overweight” rating and set a $100.00 price objective on shares of General Motors in a research report on Wednesday, January 28th. Finally, Barclays set a $110.00 target price on shares of General Motors in a research note on Wednesday, January 28th. Two 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.39.

View Our Latest Research Report on General Motors

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.

Further Reading

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

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