Vestmark Advisory Solutions Inc. Takes $418,000 Position in General Motors Company $GM

Vestmark Advisory Solutions Inc. bought a new position in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 6,853 shares of the auto manufacturer’s stock, valued at approximately $418,000.

A number of other hedge funds also recently modified their holdings of GM. Brighton Jones LLC boosted 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 worth $2,062,000 after acquiring an additional 31,755 shares during the period. Sivia Capital Partners LLC grew its holdings in General Motors by 61.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 18,548 shares of the auto manufacturer’s stock valued at $913,000 after buying an additional 7,058 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in General Motors by 90.6% in the 2nd quarter. Arkadios Wealth Advisors now owns 41,168 shares of the auto manufacturer’s stock valued at $2,026,000 after buying an additional 19,570 shares in the last quarter. Keybank National Association OH increased its position in General Motors by 1.4% during the 2nd quarter. Keybank National Association OH now owns 35,238 shares of the auto manufacturer’s stock worth $1,734,000 after buying an additional 499 shares during the period. Finally, Assetmark Inc. boosted its position in shares of General Motors by 28.1% in the second quarter. Assetmark Inc. now owns 90,775 shares of the auto manufacturer’s stock valued at $4,467,000 after acquiring an additional 19,925 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on GM shares. Royal Bank Of Canada lifted their price objective on shares of General Motors from $92.00 to $107.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. UBS Group lifted their price target on shares of General Motors from $97.00 to $102.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Benchmark increased their price target on General Motors from $65.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. JPMorgan Chase & Co. lifted their price objective on General Motors from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, January 21st. Finally, Wedbush increased their target price on General Motors from $75.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $89.52.

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General Motors Stock Down 2.8%

Shares of NYSE:GM opened at $78.56 on Friday. General Motors Company has a 52-week low of $41.60 and a 52-week high of $87.62. The company has a market capitalization of $71.02 billion, a PE ratio of 26.10, a price-to-earnings-growth ratio of 0.44 and a beta of 1.36. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.01 and a current ratio of 1.17. The company has a fifty day moving average of $82.09 and a 200-day moving average of $70.89.

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

General Motors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, March 6th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, March 6th. This represents a $0.72 annualized dividend and a yield of 0.9%. This is a boost from General Motors’s previous quarterly dividend of $0.15. General Motors’s dividend payout ratio is 19.93%.

General Motors declared that its board has initiated a stock buyback plan on Tuesday, January 27th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the auto manufacturer to reacquire up to 8.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board 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.

Further Reading

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

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