Krilogy Financial LLC Has $1.75 Million Holdings in General Motors Company $GM

Krilogy Financial LLC increased its stake in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 68.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,722 shares of the auto manufacturer’s stock after acquiring an additional 11,690 shares during the period. Krilogy Financial LLC’s holdings in General Motors were worth $1,751,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of General Motors in the 3rd quarter valued at about $29,000. Armstrong Advisory Group Inc. raised its position in General Motors by 94.6% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer’s stock valued at $33,000 after buying an additional 265 shares during the last quarter. ESL Trust Services LLC bought a new stake in General Motors in the 3rd quarter valued at approximately $37,000. Twin Peaks Wealth Advisors LLC acquired a new position in General Motors during the 2nd quarter worth approximately $38,000. Finally, Optimum Investment Advisors grew its stake in shares of General Motors by 60.0% during the 2nd quarter. Optimum Investment Advisors now owns 800 shares of the auto manufacturer’s stock worth $39,000 after acquiring an additional 300 shares in the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

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General Motors Trading Down 0.6%

GM stock opened at $79.77 on Thursday. General Motors Company has a one year low of $41.60 and a one year high of $87.62. The stock has a market cap of $72.11 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 0.44 and a beta of 1.36. The company has a fifty day moving average price of $81.73 and a two-hundred day moving average price of $68.65. 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 data on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.25. General Motors had a net margin of 1.46% and a return on equity of 14.72%. The firm had revenue of $45.29 billion during the quarter, compared to the consensus estimate of $45.81 billion. During the same period last year, the business posted $1.92 earnings per share. The business’s revenue for the quarter 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. Equities analysts anticipate that General Motors Company will post 11.44 EPS for the current year.

General Motors announced that its board has authorized a stock repurchase plan on Tuesday, January 27th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the auto manufacturer to purchase up to 8.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

General Motors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Friday, March 6th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, March 6th. This is a positive change from General Motors’s previous quarterly dividend of $0.15. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. General Motors’s dividend payout ratio is currently 23.92%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Barclays set a $110.00 target price on shares of General Motors in a report on Wednesday, January 28th. Citigroup increased their price objective on shares of General Motors from $86.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. TD Cowen restated a “buy” rating on shares of General Motors in a report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft upped their target price on General Motors from $82.00 to $83.00 and gave the stock a “hold” rating in a report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. raised their price target on General Motors from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, January 21st. 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.52.

Check Out Our Latest Research Report on General Motors

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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