Danske Bank A S Acquires New Stake in General Motors Company $GM

Danske Bank A S acquired a new stake in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 877,168 shares of the auto manufacturer’s stock, valued at approximately $53,481,000.

A number of other institutional investors have also recently modified their holdings of GM. Tiemann Investment Advisors LLC raised its position in shares of General Motors by 3.1% in the 3rd quarter. Tiemann Investment Advisors LLC now owns 5,045 shares of the auto manufacturer’s stock worth $308,000 after purchasing an additional 150 shares during the last quarter. Hemington Wealth Management grew its position in General Motors by 14.5% during the 3rd quarter. Hemington Wealth Management now owns 1,219 shares of the auto manufacturer’s stock valued at $74,000 after purchasing an additional 154 shares during the last quarter. Fielder Capital Group LLC grew its position in General Motors by 3.3% during the 3rd quarter. Fielder Capital Group LLC now owns 5,131 shares of the auto manufacturer’s stock valued at $313,000 after purchasing an additional 163 shares during the last quarter. Resonant Capital Advisors LLC increased its stake in General Motors by 3.4% during the 3rd quarter. Resonant Capital Advisors LLC now owns 5,222 shares of the auto manufacturer’s stock valued at $318,000 after purchasing an additional 171 shares in the last quarter. Finally, Unison Advisors LLC increased its stake in General Motors by 0.3% during the 3rd quarter. Unison Advisors LLC now owns 68,272 shares of the auto manufacturer’s stock valued at $4,163,000 after purchasing an additional 196 shares in the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

More General Motors News

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General Motors Price Performance

Shares of NYSE:GM opened at $73.44 on Thursday. 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 capitalization of $66.39 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 0.40 and a beta of 1.37. The firm’s 50 day moving average price is $80.18 and its 200-day moving average price is $72.60. 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 announced its earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $45.81 billion. During the same period in the previous year, the business posted $1.92 earnings per share. 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 expect that General Motors Company will post 11.44 EPS for the current year.

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

General Motors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Friday, March 6th will be paid a $0.18 dividend. This is a positive change from General Motors’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, March 6th. This represents a $0.72 annualized dividend and a dividend yield of 1.0%. General Motors’s dividend payout ratio (DPR) is currently 23.92%.

Analysts Set New Price Targets

GM has been the topic of several analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $105.00 target price (up from $98.00) on shares of General Motors in a research note on Wednesday, January 28th. Citigroup boosted their price objective on shares of General Motors from $86.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Benchmark upped their price objective on General Motors from $65.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft lifted their target price on General Motors from $82.00 to $83.00 and gave the stock a “hold” rating in a report on Wednesday, January 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of General Motors in a research note on Thursday, January 22nd. Two 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.39.

Check Out Our Latest Stock Report 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.

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

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