Groupama Asset Managment Invests $503,000 in General Motors Company $GM

Groupama Asset Managment purchased a new stake in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) in the third quarter, Holdings Channel.com reports. The fund purchased 8,258 shares of the auto manufacturer’s stock, valued at approximately $503,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. CWM LLC grew its holdings in General Motors by 50.8% in the third quarter. CWM LLC now owns 340,858 shares of the auto manufacturer’s stock valued at $20,782,000 after purchasing an additional 114,756 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of General Motors by 6.2% during the 2nd quarter. Corient Private Wealth LLC now owns 341,426 shares of the auto manufacturer’s stock worth $16,802,000 after buying an additional 20,017 shares during the last quarter. SteelPeak Wealth LLC purchased a new stake in shares of General Motors in the 3rd quarter worth about $3,411,000. Burney Co. boosted its position in shares of General Motors by 18.7% in the 3rd quarter. Burney Co. now owns 82,037 shares of the auto manufacturer’s stock worth $5,002,000 after buying an additional 12,913 shares in the last quarter. Finally, Permanent Capital Management LP acquired a new stake in General Motors in the 3rd quarter valued at about $1,102,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

General Motors News Summary

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

General Motors Price Performance

General Motors stock opened at $72.74 on Friday. General Motors Company has a 12-month low of $41.60 and a 12-month high of $87.62. The stock has a market capitalization of $65.75 billion, a P/E ratio of 24.17, a P/E/G ratio of 0.39 and a beta of 1.37. The firm’s 50-day moving average is $79.76 and its two-hundred day moving average is $72.81. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.17 and a quick ratio of 1.01.

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

General Motors announced that its board has initiated a stock repurchase program on Tuesday, January 27th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the auto manufacturer to buy up to 8.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

General Motors Increases Dividend

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

Wall Street Analyst Weigh In

GM has been the subject of several recent research reports. Benchmark raised their target price 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. Wells Fargo & Company increased their price target on shares of General Motors from $48.00 to $57.00 and gave the company an “underweight” rating in a research report on Wednesday, January 28th. The Goldman Sachs Group set a $104.00 price objective on shares of General Motors in a research note on Tuesday, January 27th. DZ Bank upgraded General Motors from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research report on Thursday, January 29th. Finally, JPMorgan Chase & Co. increased their target price on General Motors from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.39.

Get Our Latest Report on General Motors

General Motors 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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