M&T Bank Corp Has $4.15 Million Stock Holdings in General Motors Company $GM

M&T Bank Corp boosted its holdings in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 29.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,086 shares of the auto manufacturer’s stock after purchasing an additional 11,498 shares during the quarter. M&T Bank Corp’s holdings in General Motors were worth $4,154,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Elevation Wealth Partners LLC raised its stake in General Motors by 500.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 275 shares in the last quarter. Founders Capital Management acquired a new stake in General Motors in the 4th quarter worth about $31,000. Steigerwald Gordon & Koch Inc. acquired a new stake in General Motors in the 3rd quarter worth about $29,000. Kelleher Financial Advisors acquired a new stake in General Motors in the 3rd quarter worth about $29,000. Finally, JPL Wealth Management LLC acquired a new stake in General Motors in the 3rd quarter worth about $32,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

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Analyst Ratings Changes

Several analysts have weighed in on GM shares. Weiss Ratings reiterated a “hold (c)” rating on shares of General Motors in a research note on Tuesday, April 21st. Piper Sandler reiterated an “overweight” rating and issued a $102.00 price objective on shares of General Motors in a research note on Wednesday, April 29th. Citigroup lifted their price objective on shares of General Motors from $105.00 to $108.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Morgan Stanley reiterated an “overweight” rating and issued a $100.00 price objective on shares of General Motors in a research note on Wednesday, January 28th. Finally, Benchmark lifted their price objective on shares of General Motors from $65.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, General Motors currently has an average rating of “Moderate Buy” and an average price target of $94.65.

Check Out Our Latest Research Report on GM

General Motors Price Performance

Shares of NYSE:GM opened at $78.67 on Thursday. The firm has a 50 day moving average of $76.38 and a 200-day moving average of $76.86. The stock has a market capitalization of $70.93 billion, a PE ratio of 31.72, a PEG ratio of 0.39 and a beta of 1.29. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.41. General Motors Company has a 12 month low of $44.97 and a 12 month high of $87.62.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last issued its earnings results 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 company had revenue of $43.62 billion during the quarter, compared to analysts’ expectations of $43.51 billion. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.78 EPS. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. On average, equities research analysts predict that General Motors Company will post 12.73 EPS for the current fiscal year.

General Motors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be given a $0.18 dividend. The ex-dividend date is Friday, June 5th. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. General Motors’s payout ratio is presently 29.03%.

General Motors declared that its board has initiated a share buyback program on Tuesday, January 27th that authorizes the company to buyback $6.00 billion in 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 often an indication that the company’s board of directors believes its shares are undervalued.

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.

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

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