Jupiter Asset Management Ltd. Invests $53.86 Million in General Motors Company $GM

Jupiter Asset Management Ltd. purchased a new stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 883,334 shares of the auto manufacturer’s stock, valued at approximately $53,857,000. Jupiter Asset Management Ltd. owned about 0.09% of General Motors as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of GM. Steigerwald Gordon & Koch Inc. purchased a new position in shares of General Motors during the 3rd quarter valued at about $29,000. Armstrong Advisory Group Inc. lifted its position in shares of General Motors by 94.6% in the third quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer’s stock worth $33,000 after buying an additional 265 shares in the last quarter. ESL Trust Services LLC bought a new position in shares of General Motors during the 3rd quarter valued at approximately $37,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of General Motors in the 2nd quarter worth $38,000. Finally, Optimum Investment Advisors increased its stake in General Motors by 60.0% during the second quarter. Optimum Investment Advisors now owns 800 shares of the auto manufacturer’s stock worth $39,000 after acquiring an additional 300 shares during the last quarter. 92.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of General Motors from $48.00 to $57.00 and gave the company an “underweight” rating in a research report on Wednesday, January 28th. DZ Bank raised General Motors from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research report on Thursday, January 29th. Royal Bank Of Canada upped their price target on shares of General Motors from $92.00 to $107.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Mizuho upped their price objective on General Motors from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Finally, HSBC raised their target price on shares of General Motors from $48.00 to $75.00 and gave the company a “hold” rating in a research note on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, General Motors has a consensus rating of “Moderate Buy” and an average target price of $89.52.

General Motors Stock Down 2.7%

GM opened at $81.40 on Friday. The stock has a market capitalization of $73.58 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 0.46 and a beta of 1.36. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $87.62. 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 $82.18 and a two-hundred day moving average of $69.74.

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

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

General Motors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, March 6th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, March 6th. This is a positive change from General Motors’s previous quarterly dividend of $0.15. General Motors’s payout ratio is presently 19.93%.

General Motors Company Profile

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.