California Public Employees Retirement System grew its holdings in shares of General Motors Company (NYSE:GM – Free Report) (TSE:GMM.U) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,805,133 shares of the auto manufacturer’s stock after acquiring an additional 37,824 shares during the quarter. California Public Employees Retirement System owned 0.19% of General Motors worth $110,059,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Steigerwald Gordon & Koch Inc. bought a new stake in shares of General Motors during the 3rd quarter valued at approximately $29,000. Kelleher Financial Advisors acquired a new position in General Motors during the 3rd quarter worth approximately $29,000. Armstrong Advisory Group Inc. lifted its stake in General Motors by 94.6% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer’s stock valued at $33,000 after purchasing an additional 265 shares during the last quarter. ESL Trust Services LLC bought a new position in shares of General Motors in the 3rd quarter valued at $37,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of General Motors during the 2nd quarter valued at $38,000. Institutional investors own 92.67% of the company’s stock.
General Motors Stock Performance
Shares of GM opened at $72.89 on Tuesday. 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 firm’s fifty day simple moving average is $80.51 and its two-hundred day simple moving average is $72.49. General Motors Company has a 12 month low of $41.60 and a 12 month high of $87.62. The stock has a market capitalization of $65.89 billion, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 0.39 and a beta of 1.37.
General Motors declared that its board has initiated a share buyback plan on Tuesday, January 27th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the auto manufacturer to buy up to 8.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
General Motors Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Friday, March 6th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.0%. This is a boost from General Motors’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, March 6th. General Motors’s payout ratio is presently 23.92%.
General Motors News Roundup
Here are the key news stories impacting General Motors this week:
- Positive Sentiment: Bank approval opens a new, lower‑cost funding channel (insured deposits) that can reduce GM’s financing costs and support liquidity — a material positive for margins and capital allocation. Is General Motors’ Bank Approval a Game Changer for Funding?
- Positive Sentiment: GM is increasing buybacks/insider share purchases while peers act on repurchases, which supports the share price by reducing float and signalling confidence in cash generation. Ford repurchase seeks to stabilize shares as GM buys more
- Positive Sentiment: GM’s CarBravo used-vehicle platform consolidation (Buick/Chevy/GMC certified programs) should simplify resale channels, improve used-vehicle margins and customer experience — helpful for recurring revenue and retail profitability. Here’s What General Motors (GM) CarBravo Platform Means For Car Buyers
- Positive Sentiment: Pricing competitiveness: coverage shows GM (and Tesla) offering EVs at more aggressive price points than some rivals (e.g., Rivian R2), which supports volume and market share in the mass EV segment. In EV Affordability Race, Tesla, GM Beat Rivian R2 On Price
- Neutral Sentiment: GM plans to replace accessory EV charging adapters — a customer‑service / warranty move that mitigates tech/safety risk but has limited near-term financial impact. GM To Replace Accessory EV Charging Adapters
- Neutral Sentiment: Product updates: GM’s four‑cylinder truck engine is getting more power, which may broaden appeal in light‑duty segments but is incremental to revenue. GM’s controversial 4-cylinder truck engine is getting more power
- Neutral Sentiment: Operational/brand items (one-million‑mile Chevy owner story, GM’s Global Technical Center feature) are positive PR but unlikely to move near‑term fundamentals. GM Tech Bought a Chevy Truck 50 Years Ago, Drove One Million Miles and Is Still Counting Tour General Motors’ Global Technical Center in Michigan
- Negative Sentiment: GM‑based Honda Prologue production is expected to end this year — a potential loss of volume and partnership revenue that could dent near‑term EV unit growth tied to that program. GM-Based Honda Prologue Production Expected To End This Year
- Negative Sentiment: Uncertain Bolt production plans: GM admits Bolt production could be extended past 18 months, creating execution uncertainty on product mix and capital allocation for the EV program. GM Admits It’s Possible To Extend Bolt Production Past 18 Months. But Will It?
Wall Street Analysts Forecast Growth
GM has been the subject of a number of recent research reports. Mizuho upped their target price on General Motors from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Weiss Ratings reissued a “hold (c)” rating on shares of General Motors in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft boosted their price target on General Motors from $82.00 to $83.00 and gave the stock a “hold” rating in a report on Wednesday, January 28th. Wells Fargo & Company raised their price objective on shares of General Motors from $48.00 to $57.00 and gave the company an “underweight” rating in a report on Wednesday, January 28th. Finally, Evercore lifted their target price on shares of General Motors from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $91.39.
Read Our Latest Stock Report on General Motors
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.
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