USA Financial Formulas Invests $793,000 in General Motors Company $GM

USA Financial Formulas purchased a new position in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 9,747 shares of the auto manufacturer’s stock, valued at approximately $793,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GM. Elevation Wealth Partners LLC increased its holdings in shares of General Motors by 500.0% in 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. Steigerwald Gordon & Koch Inc. acquired a new stake in General Motors during the 3rd quarter worth $29,000. Kelleher Financial Advisors acquired a new stake in General Motors during the 3rd quarter worth $29,000. JPL Wealth Management LLC purchased a new position in General Motors during the 3rd quarter worth $32,000. Finally, Armstrong Advisory Group Inc. increased its stake in General Motors by 94.6% in the third quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer’s stock valued at $33,000 after purchasing an additional 265 shares during the period. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Stock Performance

Shares of GM stock opened at $72.98 on Friday. 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 50 day simple moving average of $79.12 and a 200-day simple moving average of $73.42. The company has a market cap of $65.97 billion, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 0.39 and a beta of 1.37. General Motors Company has a 12-month low of $41.60 and a 12-month high of $87.62.

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

General Motors declared that its Board of Directors has authorized a stock repurchase 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 stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

General Motors Increases Dividend

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

Wall Street Analysts Forecast Growth

GM has been the subject of several recent research reports. Wells Fargo & Company increased their target price on shares of General Motors from $48.00 to $57.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 28th. Piper Sandler restated an “overweight” rating and issued a $105.00 price target (up from $98.00) on shares of General Motors in a research report on Wednesday, January 28th. Wolfe Research raised General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 price objective for the company in a research report on Wednesday. Benchmark lifted their target price on General Motors from $65.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Finally, Mizuho increased their price target on General Motors from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.58.

Check Out Our Latest Analysis on GM

General Motors News Summary

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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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