Natixis Advisors LLC Has $55.95 Million Stake in General Motors Company $GM

Natixis Advisors LLC grew its holdings in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 12.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 917,583 shares of the auto manufacturer’s stock after purchasing an additional 98,662 shares during the period. Natixis Advisors LLC’s holdings in General Motors were worth $55,946,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Steigerwald Gordon & Koch Inc. acquired a new position in General Motors during the third quarter valued at $29,000. Armstrong Advisory Group Inc. boosted its position in General Motors by 94.6% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer’s stock worth $33,000 after acquiring an additional 265 shares during the period. ESL Trust Services LLC purchased a new position in General Motors during the 3rd quarter valued at about $37,000. Twin Peaks Wealth Advisors LLC purchased a new position in General Motors during the 2nd quarter valued at about $38,000. Finally, Motco increased its holdings in shares of General Motors by 293.0% in the 3rd quarter. Motco now owns 841 shares of the auto manufacturer’s stock valued at $51,000 after purchasing an additional 627 shares during the period. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Stock Down 0.8%

General Motors stock opened at $74.60 on Tuesday. 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 Company has a 1-year low of $41.60 and a 1-year high of $87.62. The firm’s fifty day simple moving average is $81.33 and its 200-day simple moving average is $71.96. The company has a market capitalization of $67.44 billion, a P/E ratio of 24.78, a P/E/G ratio of 0.41 and a beta of 1.37.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last posted its earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 EPS for the quarter, topping 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 firm had revenue of $45.29 billion for the quarter, compared to the consensus estimate of $45.81 billion. During the same period in the prior year, the business posted $1.92 earnings per share. The business’s quarterly 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. Sell-side analysts forecast that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors announced that its Board of Directors has initiated a share repurchase program on Tuesday, January 27th that authorizes the company to buyback $6.00 billion in 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 a sign that the company’s leadership believes its shares are undervalued.

General Motors Increases Dividend

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

Key Stories Impacting General Motors

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

Analyst Upgrades and Downgrades

GM has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on shares of General Motors from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, January 21st. The Goldman Sachs Group set a $104.00 price target on shares of General Motors in a report on Tuesday, January 27th. Benchmark upped their price target on shares of General Motors from $65.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Barclays set a $110.00 price objective on General Motors in a research report on Wednesday, January 28th. Finally, Zacks Research downgraded General Motors from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Two 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.39.

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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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