Rakuten Investment Management Inc. lifted its position in shares of General Motors Company (NYSE:GM – Free Report) (TSE:GMM.U) by 7.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 159,067 shares of the auto manufacturer’s stock after purchasing an additional 11,458 shares during the period. Rakuten Investment Management Inc.’s holdings in General Motors were worth $12,800,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the business. Third View Private Wealth LLC raised its holdings in General Motors by 14.7% during the 3rd quarter. Third View Private Wealth LLC now owns 6,779 shares of the auto manufacturer’s stock worth $522,000 after purchasing an additional 870 shares during the last quarter. Provenance Wealth Advisors LLC bought a new position in shares of General Motors during the third quarter valued at about $141,000. Integrity Alliance LLC. bought a new position in shares of General Motors during the 3rd quarter worth approximately $227,000. GRIMES & Co WEALTH MANAGEMENT LLC boosted its stake in shares of General Motors by 4.8% in the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 21,154 shares of the auto manufacturer’s stock worth $1,629,000 after buying an additional 976 shares during the last quarter. Finally, BOCHK Asset Management Ltd bought a new position in shares of General Motors in the third quarter valued at approximately $5,120,000. Institutional investors own 92.67% of the company’s stock.
General Motors Price Performance
NYSE GM opened at $92.53 on Thursday. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 1.32. The company has a market cap of $78.05 billion, a PE ratio of 6.55, a price-to-earnings-growth ratio of 0.50 and a beta of 1.40. General Motors Company has a 52 week low of $67.04 and a 52 week high of $93.70. The firm’s 50-day simple moving average is $83.28 and its two-hundred day simple moving average is $80.75.
General Motors (NYSE:GM – Get Free Report) (TSE:GMM.U) last announced its quarterly earnings results on Tuesday, October 20th. The auto manufacturer reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $3.69 by $0.01. General Motors had a net margin of 2.12% and a return on equity of 19.36%. The company had revenue of $50.02 billion for the quarter, compared to analysts’ expectations of $48.78 billion. During the same period in the prior year, the company posted $2.80 EPS. General Motors’s revenue was up 2.9% compared to the same quarter last year. Research analysts predict that General Motors Company will post 13.38 earnings per share for the current year.
General Motors Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Friday, December 4th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, December 4th. General Motors’s payout ratio is presently 16.51%.
General Motors declared that its Board of Directors has approved a stock repurchase program on Tuesday, October 20th that authorizes the company to repurchase $20 billion in outstanding shares. This repurchase authorization authorizes the auto manufacturer to buy up to 27.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.
Analysts Set New Price Targets
A number of analysts recently commented on GM shares. JPMorgan Chase & Co. decreased their price target on General Motors from $120.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Wells Fargo & Company upped their price objective on General Motors from $60.00 to $61.00 and gave the company an “underweight” rating in a research note on Wednesday, July 22nd. Benchmark reiterated a “buy” rating and set a $105.00 target price (up from $90.00) on shares of General Motors in a research note on Tuesday, July 21st. Daiwa Securities Group boosted their price target on shares of General Motors from $83.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Finally, Yorkville Ives started coverage on shares of General Motors in a research report on Monday, October 5th. They set an “outperform” rating and a $100.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $101.44.
View Our Latest Stock Report on General Motors
More General Motors News
Here are the key news stories impacting General Motors this week:
- Positive Sentiment: Zacks Research raised its 2027 second- and third-quarter EPS estimates to $3.74 and $3.65, respectively. These increases were partly offset by lower forecasts for the fourth quarter of 2026 and first quarter of 2027. Analyst estimates
- Positive Sentiment: GM was reported higher as projected election results raised regulatory and merger concerns for some other high-profile companies. The article offers a possible relative-market tailwind for GM, not a direct change to its outlook. Market and regulatory risks
- Neutral Sentiment: GM is reportedly adding an AI “intelligence layer” to OnStar and plans to begin a hybrid push with large SUVs. These initiatives could support future offerings, but the reports provide no financial targets or near-term earnings impact. GM OnStar AI plans
- Negative Sentiment: GM agreed to pay $220 million to 36 states over allegations involving the sharing of drivers’ data. The settlement adds a financial cost and may heighten privacy and reputational concerns. GM privacy settlement
- Negative Sentiment: A separate report describes a large GM vehicle recall tied to dangerous defects. Recalls can bring repair costs and damage customer confidence; the supplied report does not specify the affected models or financial exposure. GM vehicle recall
About General Motors
General Motors Company (NYSE: GM) is a global automotive company headquartered in Detroit, Michigan. Founded in 1908, GM designs, manufactures and sells vehicles and related services through brands including Chevrolet, Buick, GMC and Cadillac.
GM’s product lineup includes passenger cars, pickup trucks, sport utility vehicles, commercial vehicles and electric vehicles. The company is also developing connected-vehicle technologies, driver-assistance systems and charging and energy-management solutions.
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