Bank of Nova Scotia Has $17.86 Million Stock Holdings in General Motors Company $GM

Bank of Nova Scotia boosted its holdings in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 95.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 292,931 shares of the auto manufacturer’s stock after purchasing an additional 142,740 shares during the quarter. Bank of Nova Scotia’s holdings in General Motors were worth $17,860,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GM. Vanguard Group Inc. lifted its holdings in shares of General Motors by 11.5% during the second quarter. Vanguard Group Inc. now owns 110,759,703 shares of the auto manufacturer’s stock worth $5,450,485,000 after buying an additional 11,418,367 shares during the last quarter. Norges Bank acquired a new stake in shares of General Motors in the second quarter worth $444,319,000. Viking Global Investors LP increased 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 acquiring an additional 5,830,050 shares during the period. Two Sigma Investments LP increased 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 acquiring an additional 2,757,695 shares during the period. Finally, Worldquant Millennium Advisors LLC raised its stake in General Motors by 436.8% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 2,658,525 shares of the auto manufacturer’s stock valued at $130,826,000 after purchasing an additional 2,163,274 shares during the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors Trading Up 0.7%

Shares of GM stock opened at $72.89 on Tuesday. The firm has a fifty day moving average of $80.51 and a 200-day moving average of $72.49. The stock has a market cap of $65.89 billion, a price-to-earnings ratio of 24.22, a P/E/G ratio of 0.39 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 company has a debt-to-equity ratio of 1.50, a quick ratio of 1.01 and a current ratio of 1.17.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.25. The business had revenue of $45.29 billion for the quarter, compared to analyst estimates of $45.81 billion. General Motors had a net margin of 1.46% and a return on equity of 14.72%. The firm’s revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.92 EPS. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. On average, equities research analysts forecast that General Motors Company will post 11.44 earnings per share for the current fiscal year.

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

General Motors Increases Dividend

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

Trending Headlines about General Motors

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

• Positive Sentiment: Bank approval opens a new, lower‑cost funding channel (insured deposits) that can reduce GM’s financing costs and support liquidity — a material positive for margins and capital allocation. Is General Motors’ Bank Approval a Game Changer for Funding?
• Positive Sentiment: GM is increasing buybacks/insider share purchases while peers act on repurchases, which supports the share price by reducing float and signalling confidence in cash generation. Ford repurchase seeks to stabilize shares as GM buys more
• Positive Sentiment: GM’s CarBravo used-vehicle platform consolidation (Buick/Chevy/GMC certified programs) should simplify resale channels, improve used-vehicle margins and customer experience — helpful for recurring revenue and retail profitability. Here’s What General Motors (GM) CarBravo Platform Means For Car Buyers
• Positive Sentiment: Pricing competitiveness: coverage shows GM (and Tesla) offering EVs at more aggressive price points than some rivals (e.g., Rivian R2), which supports volume and market share in the mass EV segment. In EV Affordability Race, Tesla, GM Beat Rivian R2 On Price
• Neutral Sentiment: GM plans to replace accessory EV charging adapters — a customer‑service / warranty move that mitigates tech/safety risk but has limited near-term financial impact. GM To Replace Accessory EV Charging Adapters
• Neutral Sentiment: Product updates: GM’s four‑cylinder truck engine is getting more power, which may broaden appeal in light‑duty segments but is incremental to revenue. GM’s controversial 4-cylinder truck engine is getting more power
• Neutral Sentiment: Operational/brand items (one-million‑mile Chevy owner story, GM’s Global Technical Center feature) are positive PR but unlikely to move near‑term fundamentals. GM Tech Bought a Chevy Truck 50 Years Ago, Drove One Million Miles and Is Still Counting Tour General Motors’ Global Technical Center in Michigan
• Negative Sentiment: GM‑based Honda Prologue production is expected to end this year — a potential loss of volume and partnership revenue that could dent near‑term EV unit growth tied to that program. GM-Based Honda Prologue Production Expected To End This Year
• Negative Sentiment: Uncertain Bolt production plans: GM admits Bolt production could be extended past 18 months, creating execution uncertainty on product mix and capital allocation for the EV program. GM Admits It’s Possible To Extend Bolt Production Past 18 Months. But Will It?

Wall Street Analyst Weigh In

A number of analysts have weighed in on GM shares. Wedbush raised their price target on shares of General Motors from $75.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. Evercore upped their price objective on shares of General Motors from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. HSBC increased their target price on shares of General Motors from $48.00 to $75.00 and gave the company a “hold” rating in a research note on Tuesday, January 13th. DZ Bank raised General Motors from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research report on Thursday, January 29th. Finally, Royal Bank Of Canada boosted their price target on General Motors from $92.00 to $107.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.39.

About General Motors

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.