Swiss Life Asset Management Ltd Acquires 18,136 Shares of General Motors Company $GM

Swiss Life Asset Management Ltd boosted its stake in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 17.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 121,105 shares of the auto manufacturer’s stock after buying an additional 18,136 shares during the period. Swiss Life Asset Management Ltd’s holdings in General Motors were worth $7,384,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of GM. Tevis Investment Management increased its position in shares of General Motors by 6.4% during the third quarter. Tevis Investment Management now owns 22,983 shares of the auto manufacturer’s stock worth $1,401,000 after acquiring an additional 1,384 shares in the last quarter. Groupama Asset Managment bought a new stake in General Motors in the 3rd quarter valued at $503,000. Investment Research Partners LLC bought a new stake in General Motors in the 3rd quarter valued at $244,000. Cambria Investment Management L.P. boosted its stake in General Motors by 23.1% in the 3rd quarter. Cambria Investment Management L.P. now owns 12,805 shares of the auto manufacturer’s stock worth $781,000 after purchasing an additional 2,407 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new position in General Motors in the 3rd quarter worth $8,029,000. Institutional investors own 92.67% of the company’s stock.

General Motors Price Performance

NYSE:GM opened at $72.74 on Friday. The stock has a market capitalization of $65.75 billion, a PE ratio of 24.17, a P/E/G ratio of 0.39 and a beta of 1.37. General Motors Company has a 1-year low of $41.60 and a 1-year high of $87.62. The firm has a fifty day simple moving average of $79.76 and a 200 day simple moving average of $72.81. 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 (NYSE:GMGet Free Report) (TSE:GMM.U) last announced its quarterly earnings results 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 analysts’ expectations of $45.81 billion. During the same quarter last year, the company posted $1.92 earnings per share. The company’s revenue for the quarter 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 EPS for the current fiscal year.

General Motors Increases Dividend

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

General Motors declared that its Board of Directors has authorized a share repurchase 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 reacquire up to 8.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Trending Headlines about General Motors

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Analyst Ratings Changes

Several analysts have issued reports on GM shares. Bank of America began coverage on General Motors in a research note on Wednesday, March 4th. They issued a “buy” rating and a $105.00 price target on the stock. HSBC upped their price objective on General Motors from $48.00 to $75.00 and gave the stock a “hold” rating in a research report on Tuesday, January 13th. Wells Fargo & Company lifted their target price on General Motors from $48.00 to $57.00 and gave the company an “underweight” rating in a research report on Wednesday, January 28th. Wall Street Zen cut General Motors from a “buy” rating to a “hold” rating in a research note on Sunday, January 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $100.00 price target on shares of General Motors in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.39.

Check Out Our Latest Research Report on GM

About General Motors

(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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