Resona Asset Management Co. Ltd. Trims Position in General Motors Company $GM

Resona Asset Management Co. Ltd. lessened its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 10.0% during the 4th quarter, Holdings Channel reports. The fund owned 299,244 shares of the auto manufacturer’s stock after selling 33,223 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in General Motors were worth $24,416,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Laurel Wealth Advisors LLC purchased a new position in shares of General Motors during the 4th quarter worth $25,000. Elevation Wealth Partners LLC raised its holdings in shares of General Motors by 500.0% during the 4th quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 275 shares during the period. Founders Capital Management purchased a new position in shares of General Motors during the 4th quarter worth $31,000. Ares Financial Consulting LLC purchased a new stake in shares of General Motors during the 4th quarter valued at approximately $35,000. Finally, Fourth Dimension Wealth LLC raised its position in shares of General Motors by 47.3% during the 4th quarter. Fourth Dimension Wealth LLC now owns 442 shares of the auto manufacturer’s stock valued at $36,000 after buying an additional 142 shares during the period. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Trending Headlines about General Motors

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

• Positive Sentiment: GM said it will start assembling the Chevrolet Groove and Aveo in Mexico for the local market, a move that shifts some production away from China and could help the company better manage supply chain, tariff, and geopolitical risks. GM to start assembling Chevrolet Groove and Aveo in Mexico, in shift away from China
• Positive Sentiment: GM was also highlighted as part of an afternoon rally in the broader market, reflecting improved investor risk appetite and strength in industrial/auto-related names. United Rentals, Mayville Engineering, Flowserve, General Motors, and Bloom Energy Shares Are Soaring, What You Need To Know
• Neutral Sentiment: GM is discontinuing its largest Silverado diesel commercial trucks as demand softens, but it is also pursuing a possible role in the UK defense truck program, suggesting a mix of near-term headwinds and new opportunities. General Motors Retreats From Big Diesels And Courts UK Defense Truck Role
• Neutral Sentiment: The company continues to generate attention around future products and EV initiatives, including the 2027 Chevy Bolt and other model updates, but these items are more long-dated and less likely to move the stock immediately. GM Found a Surprisingly Simple Way to Make the 2027 Chevy Bolt Better
• Negative Sentiment: GM faces a $12.75 million penalty tied to allegations that it sold driver data to insurers and data brokers, a reputational and legal overhang even if the dollar amount is manageable for the company. GM to start assembling Chevrolet Groove and Aveo in Mexico, in shift away from China

General Motors Stock Down 0.6%

Shares of NYSE:GM opened at $72.64 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. The firm has a market capitalization of $65.50 billion, a PE ratio of 29.29, a price-to-earnings-growth ratio of 0.37 and a beta of 1.29. The firm’s 50-day moving average is $75.89 and its two-hundred day moving average is $77.48. General Motors Company has a 1 year low of $46.81 and a 1 year high of $87.62.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.61 by $1.09. The company had revenue of $43.62 billion for the quarter, compared to analyst estimates of $43.51 billion. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.78 earnings per share. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. Analysts predict that General Motors Company will post 12.85 EPS for the current year.

General Motors announced that its board has authorized a share repurchase program on Tuesday, January 27th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes 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 management believes its shares are undervalued.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.0%. General Motors’s dividend payout ratio is currently 29.03%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and lifted their price target for the company from $83.00 to $90.00 in a research report on Tuesday, April 14th. UBS Group boosted their price objective on shares of General Motors from $102.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. The Goldman Sachs Group reduced their price objective on shares of General Motors from $104.00 to $91.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Morgan Stanley restated an “overweight” rating and issued a $100.00 price objective on shares of General Motors in a report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of General Motors from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $94.65.

General Motors Profile

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.