Genus Capital Management Inc. Makes New $1.06 Million Investment in General Motors Company $GM

Genus Capital Management Inc. bought a new position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 13,000 shares of the auto manufacturer’s stock, valued at approximately $1,057,000.

Several other hedge funds have also modified their holdings of GM. Laurel Wealth Advisors LLC purchased a new stake in shares of General Motors during the fourth quarter valued at about $25,000. Elevation Wealth Partners LLC lifted its position in shares of General Motors by 500.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 275 shares during the last quarter. Kelleher Financial Advisors purchased a new stake in shares of General Motors during the third quarter valued at about $29,000. Founders Capital Management purchased a new stake in shares of General Motors during the fourth quarter valued at about $31,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of General Motors during the third quarter valued at about $32,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Stock Performance

Shares of General Motors stock opened at $78.81 on Tuesday. The firm has a market capitalization of $71.06 billion, a P/E ratio of 31.78, a PEG ratio of 0.40 and a beta of 1.29. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.41. The company has a 50 day moving average price of $76.15 and a 200 day moving average price of $77.75. General Motors Company has a 52 week low of $46.81 and a 52 week high of $87.62.

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

General Motors declared that its board has initiated 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 purchase up to 8.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

General Motors Announces Dividend

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 given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, June 5th. General Motors’s dividend payout ratio (DPR) is presently 29.03%.

Analysts Set New Price Targets

Several analysts have commented on GM shares. Weiss Ratings reissued a “hold (c)” rating on shares of General Motors in a research report on Tuesday, April 21st. Wolfe Research raised shares of General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 price target for the company in a research report on Wednesday, March 25th. Morgan Stanley reissued an “overweight” rating and set a $100.00 price target on shares of General Motors in a research report on Wednesday, January 28th. Evercore reissued an “outperform” rating and set a $100.00 price target on shares of General Motors in a research report on Monday, May 4th. Finally, Zacks Research lowered shares of General Motors from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $94.65.

General Motors Company Profile

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.