General Motors Company $GM Shares Sold by Huber Capital Management LLC

Huber Capital Management LLC lowered its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 22.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 105,735 shares of the auto manufacturer’s stock after selling 30,000 shares during the period. Huber Capital Management LLC’s holdings in General Motors were worth $6,447,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of GM. Brighton Jones LLC lifted its holdings in shares of General Motors by 456.1% during the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock valued at $2,062,000 after purchasing an additional 31,755 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in General Motors by 61.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 18,548 shares of the auto manufacturer’s stock worth $913,000 after buying an additional 7,058 shares during the period. PFG Advisors acquired a new stake in General Motors during the 2nd quarter worth about $214,000. ProShare Advisors LLC lifted its stake in General Motors by 6.4% during the second quarter. ProShare Advisors LLC now owns 186,689 shares of the auto manufacturer’s stock valued at $9,187,000 after buying an additional 11,189 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of General Motors by 56.8% in the second quarter. Allworth Financial LP now owns 13,083 shares of the auto manufacturer’s stock worth $644,000 after buying an additional 4,739 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of General Motors in a report on Thursday, January 22nd. Jefferies Financial Group lifted their price objective on shares of General Motors from $85.00 to $97.00 and gave the stock a “hold” rating in a research report on Monday, February 2nd. Royal Bank Of Canada boosted their target price on shares of General Motors from $92.00 to $107.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. HSBC raised their target price on General Motors from $48.00 to $75.00 and gave the stock a “hold” rating in a research report on Tuesday, January 13th. Finally, Citigroup lifted their price target on General Motors from $86.00 to $98.00 and gave the company a “buy” rating in a report on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $91.39.

General Motors Stock Down 0.7%

GM stock traded down $0.50 during midday trading on Friday, reaching $72.95. The company had a trading volume of 498,697 shares, compared to its average volume of 8,512,753. The company has a 50 day moving average of $80.89 and a two-hundred day moving average of $72.10. The company has a market capitalization of $65.94 billion, a P/E ratio of 24.21, a PEG ratio of 0.40 and a beta of 1.37. General Motors Company has a 1 year low of $41.60 and a 1 year high of $87.62. The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 1.50.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 EPS for the quarter, beating the consensus estimate of $2.26 by $0.25. General Motors had a net margin of 1.46% and a return on equity of 14.72%. The business had revenue of $45.29 billion for the quarter, compared to analysts’ expectations of $45.81 billion. During the same period in the previous year, the company posted $1.92 EPS. General Motors’s 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. On average, equities research 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. Shareholders of record on Friday, March 6th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, March 6th. This is an increase from General Motors’s previous quarterly dividend of $0.15. General Motors’s payout ratio is currently 23.92%.

General Motors announced that its Board of Directors has initiated a stock buyback plan on Tuesday, January 27th that permits the company to buyback $6.00 billion in 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 often an indication that the company’s board of directors believes its shares are undervalued.

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.