General Motors Company $GM Shares Bought by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC raised its position in General Motors Company (NYSE:GM) (TSE:GMM.U) by 87.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 156,704 shares of the auto manufacturer’s stock after purchasing an additional 73,127 shares during the period. Lighthouse Investment Partners LLC’s holdings in General Motors were worth $9,554,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of GM. Integrated Wealth Concepts LLC raised its position in General Motors by 15.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 44,662 shares of the auto manufacturer’s stock valued at $2,723,000 after purchasing an additional 5,820 shares during the last quarter. JPL Wealth Management LLC purchased a new position in General Motors during the 3rd quarter worth $32,000. Jain Global LLC purchased a new position in General Motors during the 3rd quarter worth $411,000. Hilltop Holdings Inc. acquired a new position in General Motors in the third quarter valued at $250,000. Finally, Horiko Capital Management LLC purchased a new stake in shares of General Motors in the third quarter valued at about $31,380,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on GM shares. Morgan Stanley reiterated an “overweight” rating and set a $100.00 target price on shares of General Motors in a research note on Wednesday, January 28th. Zacks Research cut General Motors from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Piper Sandler reaffirmed an “overweight” rating and set a $105.00 price objective (up from $98.00) on shares of General Motors in a research note on Wednesday, January 28th. UBS Group increased their price objective on General Motors from $97.00 to $102.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on General Motors from $82.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, General Motors has an average rating of “Moderate Buy” and an average target price of $91.39.

General Motors Trading Down 1.5%

Shares of General Motors stock opened at $72.35 on Monday. The firm has a market cap of $65.40 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 0.39 and a beta of 1.37. General Motors Company has a 52-week low of $41.60 and a 52-week high of $87.62. The company’s 50-day simple moving average is $80.72 and its 200-day simple moving average is $72.39. 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 announced its quarterly earnings data on Tuesday, January 27th. The auto manufacturer reported $2.51 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $45.81 billion. During the same quarter last year, the firm earned $1.92 earnings per share. The firm’s 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. As a group, equities research analysts anticipate that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Increases Dividend

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

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

General Motors 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.