Global Retirement Partners LLC Raises Stake in General Motors Company $GM

Global Retirement Partners LLC boosted its holdings in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 244.2% during the 4th quarter, HoldingsChannel reports. The firm owned 25,044 shares of the auto manufacturer’s stock after purchasing an additional 17,769 shares during the period. Global Retirement Partners LLC’s holdings in General Motors were worth $2,037,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Franklin Resources Inc. grew its position in General Motors by 3.3% during the 3rd quarter. Franklin Resources Inc. now owns 31,322,758 shares of the auto manufacturer’s stock worth $1,909,748,000 after purchasing an additional 989,189 shares during the last quarter. Capital World Investors grew its position in General Motors by 8.2% during the 3rd quarter. Capital World Investors now owns 18,130,519 shares of the auto manufacturer’s stock worth $1,105,420,000 after purchasing an additional 1,366,467 shares during the last quarter. AQR Capital Management LLC grew its position in General Motors by 5.5% during the 3rd quarter. AQR Capital Management LLC now owns 14,252,689 shares of the auto manufacturer’s stock worth $868,986,000 after purchasing an additional 748,831 shares during the last quarter. Viking Global Investors LP grew its position in General Motors by 81.1% during the 2nd 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. Finally, Ameriprise Financial Inc. grew its position in General Motors by 5.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,001,245 shares of the auto manufacturer’s stock worth $365,897,000 after purchasing an additional 302,140 shares during the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on GM. Zacks Research downgraded shares of General Motors from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Royal Bank Of Canada lowered their target price on shares of General Motors from $96.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. TD Cowen lifted their target price on shares of General Motors from $122.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. UBS Group lifted their target price on shares of General Motors from $102.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Finally, Wells Fargo & Company lifted their target price on shares of General Motors from $57.00 to $59.00 and gave the company an “underweight” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $94.65.

Read Our Latest Research Report on GM

General Motors News Summary

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

General Motors Stock Up 2.1%

Shares of NYSE:GM opened at $78.81 on Friday. The company has a market cap of $71.06 billion, a price-to-earnings ratio of 31.78, a PEG ratio of 0.40 and a beta of 1.29. The firm’s 50-day simple moving average is $76.04 and its 200-day simple moving average is $77.60. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.41. General Motors Company has a fifty-two week low of $46.81 and a fifty-two week high of $87.62.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last issued its earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share for the quarter, beating the consensus estimate of $2.61 by $1.09. The business had revenue of $43.62 billion for the quarter, compared to the consensus estimate of $43.51 billion. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.78 earnings per share. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, equities research analysts predict that General Motors Company will post 12.85 earnings per share for the current year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. General Motors’s payout ratio is currently 29.03%.

General Motors announced that its board has approved a share repurchase program on Tuesday, January 27th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the auto manufacturer to reacquire up to 8.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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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