Korea Investment CORP Has $52.59 Million Stake in General Motors Company $GM

Korea Investment CORP reduced its stake in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 5.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 862,566 shares of the auto manufacturer’s stock after selling 54,368 shares during the quarter. Korea Investment CORP’s holdings in General Motors were worth $52,591,000 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. bought a new stake in shares of General Motors in the third quarter valued at about $29,000. Armstrong Advisory Group Inc. grew its holdings in shares of General Motors by 94.6% during the third quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer’s stock worth $33,000 after buying an additional 265 shares in the last quarter. ESL Trust Services LLC acquired a new stake in General Motors in the 3rd quarter valued at approximately $37,000. Twin Peaks Wealth Advisors LLC acquired a new stake in General Motors in the 2nd quarter valued at approximately $38,000. Finally, MRP Capital Investments LLC lifted its stake in General Motors by 142.9% in the 2nd quarter. MRP Capital Investments LLC now owns 850 shares of the auto manufacturer’s stock valued at $42,000 after acquiring an additional 500 shares in the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. UBS Group raised their price target on shares of General Motors from $97.00 to $102.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. The Goldman Sachs Group set a $104.00 target price on shares of General Motors in a report on Tuesday, January 27th. Wall Street Zen downgraded shares of General Motors from a “buy” rating to a “hold” rating in a research report on Sunday, January 4th. JPMorgan Chase & Co. boosted their price target on shares of General Motors from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Finally, Morgan Stanley restated an “overweight” rating and set a $100.00 price objective on shares of General Motors in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, General Motors currently has a consensus rating of “Moderate Buy” and an average target price of $91.39.

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General Motors Stock Down 1.4%

GM stock opened at $75.12 on Monday. General Motors Company has a 1-year low of $41.60 and a 1-year high of $87.62. The business’s 50 day simple moving average is $81.50 and its 200 day simple moving average is $71.83. 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 firm has a market capitalization of $67.91 billion, a PE ratio of 24.96, a PEG ratio of 0.41 and a beta of 1.37.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, January 27th. The auto manufacturer reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.25. The firm had revenue of $45.29 billion during the quarter, compared to analysts’ expectations of $45.81 billion. General Motors had a net margin of 1.46% and a return on equity of 14.72%. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.92 earnings per share. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. As a group, research analysts anticipate that General Motors Company will post 11.44 EPS for the current year.

General Motors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Friday, March 6th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $0.72 annualized dividend and a yield of 1.0%. This is an increase from General Motors’s previous quarterly dividend of $0.15. General Motors’s payout ratio is currently 23.92%.

General Motors declared that its board has approved a stock repurchase plan on Tuesday, January 27th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the auto manufacturer to buy up to 8.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Key Stories Impacting General Motors

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

General Motors Company 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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