Swiss National Bank Sells 153,600 Shares of General Motors Company $GM

Swiss National Bank trimmed its position in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 5.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,771,400 shares of the auto manufacturer’s stock after selling 153,600 shares during the period. Swiss National Bank’s holdings in General Motors were worth $168,972,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of GM. CWM LLC lifted its holdings in General Motors by 50.8% during the third quarter. CWM LLC now owns 340,858 shares of the auto manufacturer’s stock worth $20,782,000 after acquiring an additional 114,756 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of General Motors by 6.2% in the second quarter. Corient Private Wealth LLC now owns 341,426 shares of the auto manufacturer’s stock worth $16,802,000 after acquiring an additional 20,017 shares in the last quarter. SteelPeak Wealth LLC bought a new stake in shares of General Motors in the third quarter worth about $3,411,000. Burney Co. raised its position in shares of General Motors by 18.7% during the third quarter. Burney Co. now owns 82,037 shares of the auto manufacturer’s stock worth $5,002,000 after purchasing an additional 12,913 shares during the period. Finally, Permanent Capital Management LP acquired a new stake in shares of General Motors during the third quarter worth about $1,102,000. Institutional investors own 92.67% of the company’s stock.

General Motors Stock Down 0.8%

NYSE:GM opened at $74.60 on Tuesday. 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 market cap of $67.44 billion, a PE ratio of 24.78, a PEG ratio of 0.41 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 stock has a 50-day simple moving average of $81.33 and a 200 day simple moving average of $71.96.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last released its earnings results 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 firm had revenue of $45.29 billion for the quarter, compared to analysts’ expectations of $45.81 billion. During the same quarter in the previous year, the business posted $1.92 EPS. The business’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, sell-side analysts expect that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors declared that its board has authorized a share repurchase plan on Tuesday, January 27th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows 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 management believes its shares are undervalued.

General Motors Increases Dividend

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

General Motors News Summary

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on GM shares. TD Cowen reiterated a “buy” rating on shares of General Motors in a research report on Wednesday, January 28th. Bank of America started coverage on shares of General Motors in a report on Wednesday, March 4th. They set a “buy” rating and a $105.00 target price on the stock. Royal Bank Of Canada lifted their price target on shares of General Motors from $92.00 to $107.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Benchmark upped their price target on shares of General Motors from $65.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Finally, HSBC increased their price objective on shares of General Motors from $48.00 to $75.00 and gave the stock a “hold” rating in a research report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.39.

Get Our Latest Stock Analysis on GM

General Motors Company Profile

(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.

See Also

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

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