General Motors Company $GM Shares Sold by Swedbank AB

Swedbank AB lowered its stake in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 4.0% during the fourth quarter, HoldingsChannel reports. The firm owned 896,293 shares of the auto manufacturer’s stock after selling 37,755 shares during the quarter. Swedbank AB’s holdings in General Motors were worth $72,887,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of GM. Catalyst Funds Management Pty Ltd boosted its stake in shares of General Motors by 17.8% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 11,900 shares of the auto manufacturer’s stock valued at $968,000 after buying an additional 1,800 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of General Motors by 1.1% in the fourth quarter. Coldstream Capital Management Inc. now owns 21,023 shares of the auto manufacturer’s stock valued at $1,710,000 after buying an additional 233 shares in the last quarter. Life Cycle Investment Partners Ltd purchased a new stake in shares of General Motors in the fourth quarter valued at approximately $309,380,000. Advisory Alpha LLC purchased a new stake in shares of General Motors in the fourth quarter valued at approximately $243,000. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of General Motors by 34.9% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,393 shares of the auto manufacturer’s stock valued at $439,000 after buying an additional 1,395 shares in the last quarter. Institutional investors and hedge funds own 92.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Evercore restated an “outperform” rating and issued a $100.00 price target on shares of General Motors in a research note on Monday, May 4th. Wedbush restated an “outperform” rating and issued a $95.00 price target on shares of General Motors in a research note on Monday, May 11th. Jefferies Financial Group lifted their price target on General Motors from $85.00 to $97.00 and gave the company a “hold” rating in a research note on Monday, February 2nd. Zacks Research downgraded General Motors from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Finally, Barclays decreased their price target on General Motors from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Monday, March 30th. One research 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $94.65.

Check Out Our Latest Stock Report on GM

Key Headlines Impacting General Motors

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

General Motors Stock Performance

NYSE GM opened at $78.81 on Friday. General Motors Company has a fifty-two week low of $46.81 and a fifty-two week high of $87.62. The stock has a market cap of $71.06 billion, a price-to-earnings ratio of 31.78, a price-to-earnings-growth ratio of 0.40 and a beta of 1.29. The business has a fifty day moving average of $76.04 and a 200-day moving average of $77.60. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.41.

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

General Motors declared that its board has authorized a share buyback program on Tuesday, January 27th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the auto manufacturer to repurchase up to 8.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

General Motors Dividend Announcement

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

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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