Swiss Life Asset Management Ltd Has $7.38 Million Stake in General Motors Company $GM

Swiss Life Asset Management Ltd increased its holdings in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 17.6% during the third quarter, Holdings Channel reports. The fund owned 121,105 shares of the auto manufacturer’s stock after acquiring an additional 18,136 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in General Motors were worth $7,384,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in GM. Tevis Investment Management lifted its holdings in General Motors by 6.4% during the 3rd quarter. Tevis Investment Management now owns 22,983 shares of the auto manufacturer’s stock valued at $1,401,000 after purchasing an additional 1,384 shares during the last quarter. Groupama Asset Managment acquired a new position in shares of General Motors in the third quarter valued at $503,000. Investment Research Partners LLC acquired a new position in shares of General Motors in the third quarter valued at $244,000. Cambria Investment Management L.P. raised its position in shares of General Motors by 23.1% in the third quarter. Cambria Investment Management L.P. now owns 12,805 shares of the auto manufacturer’s stock valued at $781,000 after purchasing an additional 2,407 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of General Motors during the 3rd quarter worth about $8,029,000. Institutional investors own 92.67% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on GM shares. Wells Fargo & Company lifted their target price on shares of General Motors from $48.00 to $57.00 and gave the stock an “underweight” rating in a report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of General Motors from $82.00 to $83.00 and gave the stock a “hold” rating in a research report on Wednesday, January 28th. Wedbush upped their target price on General Motors from $75.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. Evercore increased their target price on General Motors from $85.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Finally, Royal Bank Of Canada lifted their price target on General Motors from $92.00 to $107.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Two 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $91.39.

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Key Headlines Impacting General Motors

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

General Motors Stock Performance

Shares of NYSE:GM opened at $72.74 on Friday. General Motors Company has a 12-month low of $41.60 and a 12-month high of $87.62. The company’s 50 day moving average price is $79.76 and its two-hundred day moving average price is $72.81. The firm has a market cap of $65.75 billion, a PE ratio of 24.17, a PEG ratio of 0.39 and a beta of 1.37. The company has a quick ratio of 1.01, a current ratio of 1.17 and a debt-to-equity ratio of 1.50.

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

General Motors Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, March 6th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, March 6th. This is a positive change from General Motors’s previous quarterly dividend of $0.15. General Motors’s dividend payout ratio is currently 23.92%.

General Motors declared that its board has approved a share buyback plan on Tuesday, January 27th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the auto manufacturer to buy up to 8.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership 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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