Nordea Investment Management AB Increases Stock Position in General Motors Company $GM

Nordea Investment Management AB lifted its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 1,224.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 740,658 shares of the auto manufacturer’s stock after buying an additional 684,735 shares during the quarter. Nordea Investment Management AB owned approximately 0.08% of General Motors worth $60,556,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of GM. Magnus Financial Group LLC purchased a new position in General Motors during the 4th quarter valued at about $252,000. MassMutual Private Wealth & Trust FSB grew its holdings in General Motors by 3.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 5,732 shares of the auto manufacturer’s stock worth $466,000 after purchasing an additional 172 shares during the period. Harbor Investment Advisory LLC grew its holdings in General Motors by 38.3% in the fourth quarter. Harbor Investment Advisory LLC now owns 1,155 shares of the auto manufacturer’s stock worth $94,000 after purchasing an additional 320 shares during the period. CWA Asset Management Group LLC increased its stake in shares of General Motors by 6.9% during the fourth quarter. CWA Asset Management Group LLC now owns 131,080 shares of the auto manufacturer’s stock valued at $10,659,000 after purchasing an additional 8,416 shares in the last quarter. Finally, Sagespring Wealth Partners LLC lifted its holdings in shares of General Motors by 8.5% during the fourth quarter. Sagespring Wealth Partners LLC now owns 14,709 shares of the auto manufacturer’s stock valued at $1,196,000 after purchasing an additional 1,149 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.

General Motors Stock Up 3.9%

GM stock opened at $75.66 on Tuesday. General Motors Company has a fifty-two week low of $41.60 and a fifty-two week high of $87.62. The business’s 50-day moving average is $79.61 and its two-hundred day moving average is $73.04. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.01 and a current ratio of 1.17. The company has a market cap of $68.40 billion, a price-to-earnings ratio of 25.14, a P/E/G ratio of 0.39 and a beta of 1.37.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.25. General Motors had a return on equity of 14.72% and a net margin of 1.46%.The business had revenue of $45.29 billion during the quarter, compared to the consensus estimate of $45.81 billion. During the same period in the previous year, the company posted $1.92 EPS. The business’s quarterly 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, analysts forecast that General Motors Company will post 11.44 earnings per share for the current year.

General Motors declared that its Board of Directors has authorized a stock buyback 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 reacquire up to 8.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

General Motors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Friday, March 6th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.0%. This is a positive change from General Motors’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, March 6th. General Motors’s dividend payout ratio (DPR) is presently 23.92%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GM. Mizuho upped their price target on General Motors from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Zacks Research cut General Motors from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Piper Sandler restated an “overweight” rating and set a $105.00 price target (up from $98.00) on shares of General Motors in a report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft lifted their price target on General Motors from $82.00 to $83.00 and gave the stock a “hold” rating in a research report on Wednesday, January 28th. Finally, Bank of America began coverage on shares of General Motors in a research note on Wednesday, March 4th. They issued a “buy” rating and a $105.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.39.

About General Motors

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.