Nisa Investment Advisors LLC Purchases 53,567 Shares of General Motors Company $GM

Nisa Investment Advisors LLC raised its holdings in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 36.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 199,444 shares of the auto manufacturer’s stock after buying an additional 53,567 shares during the period. Nisa Investment Advisors LLC’s holdings in General Motors were worth $16,219,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Elevation Wealth Partners LLC increased its stake in General Motors by 500.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 275 shares during the last quarter. Steigerwald Gordon & Koch Inc. bought a new position in shares of General Motors in the 3rd quarter valued at about $29,000. Kelleher Financial Advisors acquired a new stake in shares of General Motors in the third quarter valued at about $29,000. JPL Wealth Management LLC bought a new stake in General Motors during the third quarter worth about $32,000. Finally, Armstrong Advisory Group Inc. boosted its position in General Motors by 94.6% during the third quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer’s stock valued at $33,000 after purchasing an additional 265 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

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Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GM. Wolfe Research upgraded General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 price objective on the stock in a research note on Wednesday, March 25th. Wall Street Zen cut shares of General Motors from a “buy” rating to a “hold” rating in a research note on Sunday, January 4th. DZ Bank upgraded shares of General Motors from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a report on Thursday, January 29th. Piper Sandler reaffirmed an “overweight” rating and set a $105.00 price target (up from $98.00) on shares of General Motors in a research report on Wednesday, January 28th. Finally, Mizuho increased their price target on shares of General Motors from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.38.

Get Our Latest Analysis on General Motors

General Motors Stock Up 0.9%

General Motors stock opened at $75.14 on Thursday. The company’s 50-day moving average price is $78.78 and its two-hundred day moving average price is $73.75. The company has a quick ratio of 1.01, a current ratio of 1.17 and a debt-to-equity ratio of 1.50. The stock has a market cap of $67.92 billion, a P/E ratio of 24.96, a P/E/G ratio of 0.40 and a beta of 1.34. General Motors Company has a twelve month low of $41.60 and a twelve month high of $87.62.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.25. General Motors had a return on equity of 14.72% and a net margin of 1.46%.The company had revenue of $45.29 billion during the quarter, compared to analysts’ expectations of $45.81 billion. During the same quarter in the previous year, the company posted $1.92 earnings per share. The business’s revenue was down 5.1% on a year-over-year basis. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. As a group, analysts expect that General Motors Company will post 11.44 EPS for the current year.

General Motors Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Friday, March 6th were paid a $0.18 dividend. This is a boost from General Motors’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, March 6th. This represents a $0.72 annualized dividend and a yield of 1.0%. General Motors’s dividend payout ratio is presently 23.92%.

General Motors announced that its board has authorized a share buyback program on Tuesday, January 27th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the auto manufacturer to reacquire up to 8.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

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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