New Age Alpha Advisors LLC Has $3.40 Million Stake in General Motors Company $GM

New Age Alpha Advisors LLC reduced its position in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 12.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,789 shares of the auto manufacturer’s stock after selling 7,673 shares during the quarter. New Age Alpha Advisors LLC’s holdings in General Motors were worth $3,401,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in GM. Hemington Wealth Management increased its stake in General Motors by 14.5% in the third quarter. Hemington Wealth Management now owns 1,219 shares of the auto manufacturer’s stock valued at $74,000 after acquiring an additional 154 shares during the last quarter. Fielder Capital Group LLC boosted its holdings in shares of General Motors by 3.3% in the 3rd quarter. Fielder Capital Group LLC now owns 5,131 shares of the auto manufacturer’s stock valued at $313,000 after purchasing an additional 163 shares in the last quarter. Resonant Capital Advisors LLC increased its stake in shares of General Motors by 3.4% in the 3rd quarter. Resonant Capital Advisors LLC now owns 5,222 shares of the auto manufacturer’s stock valued at $318,000 after purchasing an additional 171 shares during the last quarter. Unison Advisors LLC increased its stake in shares of General Motors by 0.3% in the 3rd quarter. Unison Advisors LLC now owns 68,272 shares of the auto manufacturer’s stock valued at $4,163,000 after purchasing an additional 196 shares during the last quarter. Finally, Synovus Financial Corp raised its holdings in shares of General Motors by 0.9% during the 3rd quarter. Synovus Financial Corp now owns 21,203 shares of the auto manufacturer’s stock worth $1,293,000 after buying an additional 199 shares in the last quarter. Institutional investors own 92.67% of the company’s stock.

Key Stories Impacting General Motors

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wedbush raised their price objective on General Motors from $75.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. Morgan Stanley reissued an “overweight” rating and set a $100.00 target price on shares of General Motors in a research note on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft increased their target price on shares of General Motors from $82.00 to $83.00 and gave the stock a “hold” rating in a report on Wednesday, January 28th. Wall Street Zen lowered shares of General Motors from a “buy” rating to a “hold” rating in a report on Sunday, January 4th. Finally, Jefferies Financial Group increased their price objective on shares of General Motors from $85.00 to $97.00 and gave the company a “hold” rating in a research note on Monday, February 2nd. Two 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, General Motors has a consensus rating of “Moderate Buy” and a consensus target price of $89.52.

Read Our Latest Research Report on GM

General Motors Stock Performance

NYSE:GM opened at $78.56 on Monday. The stock’s 50-day moving average is $82.09 and its 200-day moving average is $71.11. General Motors Company has a 1-year low of $41.60 and a 1-year high of $87.62. The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 1.50. The stock has a market cap of $71.02 billion, a P/E ratio of 26.10, a price-to-earnings-growth ratio of 0.43 and a beta of 1.37.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last posted its earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 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 business had revenue of $45.29 billion for the quarter, compared to the consensus estimate of $45.81 billion. During the same period last year, the company earned $1.92 EPS. The firm’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. Equities research analysts anticipate that General Motors Company will post 11.44 earnings per share for the current year.

General Motors declared that its Board of Directors has approved a stock buyback program on Tuesday, January 27th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the auto manufacturer to repurchase up to 8.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

General Motors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, March 6th will be paid a $0.18 dividend. This is a positive change from General Motors’s previous quarterly dividend of $0.15. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, March 6th. General Motors’s payout ratio is presently 19.93%.

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.

See Also

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

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