Russell Investments Group Ltd. Buys 147,153 Shares of General Motors Company $GM

Russell Investments Group Ltd. grew its position in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 6.4% during the third quarter, Holdings Channel.com reports. The fund owned 2,448,135 shares of the auto manufacturer’s stock after purchasing an additional 147,153 shares during the quarter. Russell Investments Group Ltd.’s holdings in General Motors were worth $149,265,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in GM. CWM LLC grew its position in General Motors by 50.8% in the 3rd quarter. CWM LLC now owns 340,858 shares of the auto manufacturer’s stock worth $20,782,000 after purchasing an additional 114,756 shares in the last quarter. Corient Private Wealth LLC lifted its position 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 in the last quarter. SteelPeak Wealth LLC bought a new position in shares of General Motors during the 3rd quarter worth approximately $3,411,000. Burney Co. boosted its stake 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 during the last quarter. Finally, Permanent Capital Management LP bought a new position in shares of General Motors in the third quarter valued at approximately $1,102,000. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Price Performance

General Motors stock opened at $75.12 on Monday. The business’s 50 day simple moving average is $81.50 and its 200 day simple moving average is $71.83. General Motors Company has a 12 month low of $41.60 and a 12 month high of $87.62. The company has a market cap of $67.91 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 0.41 and a beta of 1.37. The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 1.50.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last released its earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share (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 return on equity of 14.72% and a net margin of 1.46%.The business’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period last year, the business posted $1.92 earnings per share. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. Sell-side analysts forecast that General Motors Company will post 11.44 EPS for the current year.

General Motors Increases Dividend

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

General Motors declared that its Board of Directors has authorized a share repurchase program on Tuesday, January 27th that allows the company to buyback $6.00 billion in 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.

Wall Street Analysts Forecast Growth

GM has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of General Motors in a report on Thursday, January 22nd. JPMorgan Chase & Co. raised their target price on General Motors from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Royal Bank Of Canada lifted their target price on General Motors from $92.00 to $107.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. TD Cowen reissued a “buy” rating on shares of General Motors in a report on Wednesday, January 28th. Finally, Wall Street Zen lowered shares of General Motors from a “buy” rating to a “hold” rating in a research report on Sunday, January 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $91.39.

Check Out Our Latest Stock Report on General Motors

Key General Motors News

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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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