Swiss Life Asset Management Ltd Buys 7,482 Shares of General Motors Company $GM

Swiss Life Asset Management Ltd raised its stake in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 6.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 128,587 shares of the auto manufacturer’s stock after acquiring an additional 7,482 shares during the period. Swiss Life Asset Management Ltd’s holdings in General Motors were worth $10,457,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of GM. Laurel Wealth Advisors LLC bought a new position in General Motors during the 4th quarter valued at about $25,000. Elevation Wealth Partners LLC lifted its stake in General Motors by 500.0% during the 4th quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock valued at $27,000 after acquiring an additional 275 shares during the period. Kelleher Financial Advisors bought a new position in General Motors during the 3rd quarter valued at about $29,000. Founders Capital Management bought a new position in General Motors during the 4th quarter valued at about $31,000. Finally, JPL Wealth Management LLC bought a new position in General Motors during the 3rd quarter valued at about $32,000. Institutional investors own 92.67% of the company’s stock.

General Motors Price Performance

Shares of NYSE:GM opened at $76.44 on Wednesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.15 and a quick ratio of 0.99. General Motors Company has a 1-year low of $46.81 and a 1-year high of $87.62. The company has a market capitalization of $68.93 billion, a P/E ratio of 30.82, a P/E/G ratio of 0.38 and a beta of 1.29. The firm’s 50 day simple moving average is $76.10 and its two-hundred day simple moving average is $77.27.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share for the quarter, beating the consensus estimate of $2.61 by $1.09. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The business had revenue of $43.62 billion for the quarter, compared to the consensus estimate of $43.51 billion. During the same quarter in the previous year, the firm earned $2.78 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. Research analysts expect that General Motors Company will post 12.77 EPS for the current fiscal year.

General Motors announced that its Board of Directors has initiated a share repurchase plan on Tuesday, January 27th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the auto manufacturer to repurchase up to 8.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

General Motors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.72 annualized dividend and a yield of 0.9%. General Motors’s payout ratio is currently 29.03%.

Key Stories Impacting General Motors

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GM. Weiss Ratings reiterated a “hold (c)” rating on shares of General Motors in a research note on Tuesday, April 21st. TD Cowen increased their price objective on shares of General Motors from $122.00 to $126.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Evercore reiterated an “outperform” rating and issued a $100.00 price objective on shares of General Motors in a research note on Monday, May 4th. UBS Group increased their price objective on shares of General Motors from $102.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Finally, Wells Fargo & Company increased their price objective on shares of General Motors from $57.00 to $59.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $94.65.

Check Out Our Latest Analysis on General Motors

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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