Evergreen Capital Management LLC Has $2.08 Million Position in General Motors Company $GM

Evergreen Capital Management LLC increased its stake in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 141.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,553 shares of the auto manufacturer’s stock after buying an additional 14,956 shares during the quarter. Evergreen Capital Management LLC’s holdings in General Motors were worth $2,078,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GM. Viking Global Investors LP grew its position in General Motors by 81.1% during the second quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock worth $640,659,000 after buying an additional 5,830,050 shares in the last quarter. Two Sigma Investments LP grew its position in General Motors by 348.4% during the third quarter. Two Sigma Investments LP now owns 3,549,170 shares of the auto manufacturer’s stock worth $216,393,000 after buying an additional 2,757,695 shares in the last quarter. Worldquant Millennium Advisors LLC grew its position in General Motors by 436.8% during the second quarter. Worldquant Millennium Advisors LLC now owns 2,658,525 shares of the auto manufacturer’s stock worth $130,826,000 after buying an additional 2,163,274 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in General Motors by 164.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,097,019 shares of the auto manufacturer’s stock worth $251,850,000 after buying an additional 1,927,752 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of General Motors by 270.3% during the 3rd quarter. Victory Capital Management Inc. now owns 2,594,525 shares of the auto manufacturer’s stock worth $158,188,000 after acquiring an additional 1,893,896 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Key Stories Impacting General Motors

Here are the key news stories impacting General Motors this week:

Analysts Set New Price Targets

Several research firms recently issued reports on GM. Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a “hold” rating to a “buy” rating and increased their price target for the stock from $83.00 to $90.00 in a research report on Tuesday, April 14th. Royal Bank Of Canada increased 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. Barclays reduced their price target on shares of General Motors from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Monday, March 30th. Bank of America began coverage on shares of General Motors in a research report on Wednesday, March 4th. They set a “buy” rating and a $105.00 price target on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of General Motors in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have issued 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 price target of $91.25.

View Our Latest Stock Analysis on GM

General Motors Trading Down 0.1%

GM opened at $79.01 on Thursday. The company’s 50 day moving average is $76.92 and its 200-day moving average is $75.55. General Motors Company has a 1-year low of $44.72 and a 1-year high of $87.62. The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 1.50. The company has a market cap of $71.42 billion, a P/E ratio of 26.25, a PEG ratio of 0.44 and a beta of 1.34.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share 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 company had revenue of $45.29 billion for the quarter, compared to the consensus estimate of $45.81 billion. During the same period last year, the company posted $1.92 EPS. The firm’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. Equities research analysts predict that General Motors Company will post 12.44 earnings per share for the current fiscal year.

General Motors announced that its Board of Directors has approved a share buyback plan on Tuesday, January 27th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the auto manufacturer to repurchase up to 8.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

General Motors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, March 6th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Friday, March 6th. This is an increase from General Motors’s previous quarterly dividend of $0.15. General Motors’s dividend payout ratio is 23.92%.

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.

Further Reading

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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