Leonteq Securities AG Takes $17.75 Million Position in General Motors Company $GM

Leonteq Securities AG purchased a new stake in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) in the fourth quarter, HoldingsChannel reports. The firm purchased 218,308 shares of the auto manufacturer’s stock, valued at approximately $17,753,000. General Motors makes up approximately 0.5% of Leonteq Securities AG’s holdings, making the stock its 18th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC bought a new stake in shares of General Motors during the 4th quarter valued at $25,000. Elevation Wealth Partners LLC lifted its position 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 valued at $27,000 after acquiring an additional 275 shares during the period. Founders Capital Management bought a new stake in shares of General Motors during the 4th quarter valued at $31,000. Ares Financial Consulting LLC bought a new stake in shares of General Motors during the 4th quarter valued at $35,000. Finally, Fourth Dimension Wealth LLC lifted 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 acquiring an additional 142 shares during the period. 92.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Wall Street Zen upgraded General Motors from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Mizuho cut their target price on General Motors from $105.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. TD Cowen upped their target price on General Motors from $122.00 to $126.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Royal Bank Of Canada cut their target price on General Motors from $96.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Finally, Benchmark upped their target price on General Motors from $65.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $94.65.

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More General Motors News

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General Motors Stock Up 4.6%

Shares of NYSE:GM opened at $76.00 on Thursday. The company has a fifty day moving average of $75.92 and a 200-day moving average of $77.53. The company has a market capitalization of $68.52 billion, a PE ratio of 30.64, a price-to-earnings-growth ratio of 0.37 and a beta of 1.29. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.99 and a current ratio of 1.15. General Motors Company has a 52-week low of $46.81 and a 52-week high of $87.62.

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

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors 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 yield of 0.9%. The ex-dividend date is Friday, June 5th. General Motors’s dividend payout ratio is presently 29.03%.

General Motors announced that its board has authorized a share buyback plan 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 stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

General Motors 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.

Further Reading

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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