Savvy Advisors Inc. Invests $861,000 in General Motors Company $GM

Savvy Advisors Inc. acquired a new stake in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,121 shares of the auto manufacturer’s stock, valued at approximately $861,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in General Motors by 11.5% in the 2nd quarter. Vanguard Group Inc. now owns 110,759,703 shares of the auto manufacturer’s stock valued at $5,450,485,000 after purchasing an additional 11,418,367 shares in the last quarter. Norges Bank acquired a new position in shares of General Motors in the second quarter valued at approximately $444,319,000. Viking Global Investors LP lifted its stake in shares of General Motors by 81.1% during the second quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock valued at $640,659,000 after buying an additional 5,830,050 shares during the period. Worldquant Millennium Advisors LLC lifted its stake in shares of General Motors by 436.8% during the second quarter. Worldquant Millennium Advisors LLC now owns 2,658,525 shares of the auto manufacturer’s stock valued at $130,826,000 after buying an additional 2,163,274 shares during the period. Finally, Marshall Wace LLP boosted its position in General Motors by 125.9% during the second quarter. Marshall Wace LLP now owns 3,699,220 shares of the auto manufacturer’s stock worth $182,039,000 after acquiring an additional 2,061,712 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors News Roundup

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

Analyst Ratings Changes

Several research analysts have weighed in on the company. Wall Street Zen downgraded General Motors from a “buy” rating to a “hold” rating in a report on Sunday, January 4th. Zacks Research downgraded General Motors from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of General Motors in a research report on Thursday, January 22nd. TD Cowen reissued a “buy” rating on shares of General Motors in a research note on Wednesday, January 28th. Finally, Benchmark upped their price objective on shares of General Motors from $65.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, General Motors currently has a consensus rating of “Moderate Buy” and an average price target of $89.52.

View Our Latest Report on General Motors

General Motors Stock Performance

Shares of NYSE:GM opened at $81.00 on Friday. The business has a 50-day moving average of $81.92 and a two-hundred day moving average of $68.92. The firm has a market capitalization of $73.22 billion, a PE ratio of 26.91, a P/E/G ratio of 0.44 and a beta of 1.36. 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.

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

General Motors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, March 6th will be given a $0.18 dividend. 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. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. General Motors’s dividend payout ratio (DPR) is currently 19.93%.

General Motors declared that its board has approved a stock repurchase plan on Tuesday, January 27th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the auto manufacturer to repurchase up to 8.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

About General Motors

(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.

Featured Articles

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

Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.