General Motors Company $GM Stock Holdings Lowered by Te Ahumairangi Investment Management Ltd

Te Ahumairangi Investment Management Ltd lessened its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 9.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 99,332 shares of the auto manufacturer’s stock after selling 10,050 shares during the period. Te Ahumairangi Investment Management Ltd’s holdings in General Motors were worth $6,056,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Tocqueville Asset Management L.P. acquired a new stake in shares of General Motors in the third quarter valued at approximately $332,000. Quadrature Capital Ltd boosted its position in shares of General Motors by 219.3% during the third quarter. Quadrature Capital Ltd now owns 105,148 shares of the auto manufacturer’s stock worth $6,410,000 after buying an additional 72,214 shares during the period. Seven Mile Advisory boosted its position in shares of General Motors by 50.3% during the third quarter. Seven Mile Advisory now owns 7,018 shares of the auto manufacturer’s stock worth $428,000 after buying an additional 2,348 shares during the period. Sei Investments Co. grew its holdings in General Motors by 7.9% in the 3rd quarter. Sei Investments Co. now owns 1,345,543 shares of the auto manufacturer’s stock worth $82,038,000 after buying an additional 97,990 shares in the last quarter. Finally, BOKF NA increased its position in General Motors by 3.6% in the 3rd quarter. BOKF NA now owns 29,250 shares of the auto manufacturer’s stock valued at $1,783,000 after acquiring an additional 1,018 shares during the period. 92.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GM has been the subject of a number of analyst reports. Jefferies Financial Group boosted their price target on General Motors from $85.00 to $97.00 and gave the stock a “hold” rating in a research report on Monday, February 2nd. TD Cowen reissued a “buy” rating on shares of General Motors in a report on Wednesday, January 28th. Morgan Stanley restated an “overweight” rating and set a $100.00 price objective on shares of General Motors in a research note on Wednesday, January 28th. Mizuho upped their price objective on shares of General Motors from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Finally, Bank of America began coverage on shares of General Motors in a research report on Wednesday, March 4th. They issued a “buy” rating and a $105.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $91.39.

General Motors Price Performance

NYSE GM traded down $0.44 on Friday, reaching $73.01. 1,354,097 shares of the stock traded hands, compared to its average volume of 8,532,790. General Motors Company has a 12 month low of $41.60 and a 12 month high of $87.62. The company has a market cap of $66.00 billion, a price-to-earnings ratio of 24.29, a P/E/G ratio of 0.40 and a beta of 1.37. The firm’s fifty day simple moving average is $80.89 and its 200 day simple moving average is $72.10. 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:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, January 27th. The auto manufacturer reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.25. The company had revenue of $45.29 billion for the quarter, compared to the consensus estimate of $45.81 billion. General Motors had a return on equity of 14.72% and a net margin of 1.46%.The company’s quarterly revenue was down 5.1% compared to the same quarter last year. 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 predict that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Increases Dividend

The firm also recently declared 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%. This is a boost from General Motors’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, March 6th. General Motors’s dividend payout ratio (DPR) is presently 23.92%.

General Motors declared that its Board of Directors has initiated a stock buyback program on Tuesday, January 27th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to buy up to 8.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is 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.