Mainstay Capital Management LLC ADV Has $576,000 Holdings in General Motors Company $GM

Mainstay Capital Management LLC ADV decreased its position in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 50.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 9,451 shares of the auto manufacturer’s stock after selling 9,501 shares during the quarter. Mainstay Capital Management LLC ADV’s holdings in General Motors were worth $576,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in GM. Allworth Financial LP boosted its position in shares of General Motors by 28.9% during the 3rd quarter. Allworth Financial LP now owns 16,860 shares of the auto manufacturer’s stock worth $1,028,000 after acquiring an additional 3,777 shares in the last quarter. IFP Advisors Inc lifted its stake in General Motors by 2.0% during the third quarter. IFP Advisors Inc now owns 20,539 shares of the auto manufacturer’s stock worth $1,252,000 after purchasing an additional 403 shares during the last quarter. Swiss Life Asset Management Ltd boosted its holdings in shares of General Motors by 17.6% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 121,105 shares of the auto manufacturer’s stock valued at $7,384,000 after purchasing an additional 18,136 shares in the last quarter. Tevis Investment Management increased its stake in shares of General Motors by 6.4% in the 3rd quarter. Tevis Investment Management now owns 22,983 shares of the auto manufacturer’s stock valued at $1,401,000 after purchasing an additional 1,384 shares during the last quarter. Finally, Groupama Asset Managment acquired a new position in shares of General Motors during the 3rd quarter worth $503,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GM. Morgan Stanley restated an “overweight” rating and set a $100.00 price objective on shares of General Motors in a research report on Wednesday, January 28th. Wells Fargo & Company increased their target price on shares of General Motors from $48.00 to $57.00 and gave the stock an “underweight” rating in a report on Wednesday, January 28th. Citigroup lifted their price target on shares of General Motors from $86.00 to $98.00 and gave the company a “buy” rating in a report on Monday, January 12th. Royal Bank Of Canada raised their target price on shares of General Motors from $92.00 to $107.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. Finally, TD Cowen reiterated a “buy” rating on shares of General Motors in a research note on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $91.39.

View Our Latest Stock Report on General Motors

Key General Motors News

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

General Motors Trading Down 0.8%

GM opened at $73.44 on Thursday. The company’s 50 day moving average price is $80.18 and its two-hundred day moving average price is $72.60. The firm has a market capitalization of $66.39 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 0.40 and a beta of 1.37. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $87.62. 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. 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 for the quarter, compared to analyst estimates of $45.81 billion. During the same quarter in the previous year, the business earned $1.92 earnings per share. General Motors’s 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. As a group, research analysts predict that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Friday, March 6th will be given a $0.18 dividend. This is a boost from General Motors’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, March 6th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.0%. General Motors’s dividend payout ratio is presently 23.92%.

General Motors announced that its Board of Directors has approved a stock buyback plan on Tuesday, January 27th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the auto manufacturer to purchase up to 8.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

About General Motors

(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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