Sequoia Financial Advisors LLC Boosts Stock Holdings in General Motors Company $GM

Sequoia Financial Advisors LLC boosted its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 26.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,639 shares of the auto manufacturer’s stock after purchasing an additional 14,617 shares during the period. Sequoia Financial Advisors LLC’s holdings in General Motors were worth $5,744,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Franklin Resources Inc. raised its stake in General Motors by 3.3% during the third quarter. Franklin Resources Inc. now owns 31,322,758 shares of the auto manufacturer’s stock worth $1,909,748,000 after purchasing an additional 989,189 shares during the period. Capital World Investors increased its position in shares of General Motors by 8.2% in the third quarter. Capital World Investors now owns 18,130,519 shares of the auto manufacturer’s stock worth $1,105,420,000 after acquiring an additional 1,366,467 shares in the last quarter. AQR Capital Management LLC increased its position in shares of General Motors by 5.5% in the third quarter. AQR Capital Management LLC now owns 14,252,689 shares of the auto manufacturer’s stock worth $868,986,000 after acquiring an additional 748,831 shares in the last quarter. Viking Global Investors LP increased its position in shares of General Motors by 81.1% in the second quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock worth $640,659,000 after acquiring an additional 5,830,050 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of General Motors by 5.3% in the third quarter. Ameriprise Financial Inc. now owns 6,001,245 shares of the auto manufacturer’s stock worth $365,897,000 after acquiring an additional 302,140 shares in the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on GM. DZ Bank raised shares of General Motors from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research report on Thursday, January 29th. Citigroup increased their price objective on shares of General Motors from $105.00 to $108.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group dropped their price objective on shares of General Motors from $104.00 to $91.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Benchmark increased their price objective on shares of General Motors from $65.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of General Motors from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $94.65.

More General Motors News

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

• Positive Sentiment: Analysts and media commentary highlighted GM’s strong Q1 results and said the company has outperformed Ford on performance and strategy, which supports the stock’s longer-term case. Jim Cramer Reveals Why General Motors (GM) Is Better Than Ford
• Positive Sentiment: GM also received a price target boost to $126 after reporting strong quarterly results, reinforcing investor optimism around earnings momentum. General Motors (GM) Reports Strong Q1 Results, Gets Price Target Boosted to $126

General Motors Price Performance

Shares of GM stock opened at $78.77 on Friday. The company has a market capitalization of $71.02 billion, a PE ratio of 31.76, a price-to-earnings-growth ratio of 0.40 and a beta of 1.29. The firm has a fifty day simple moving average of $76.32 and a 200-day simple moving average of $77.00. 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 twelve month low of $46.81 and a twelve month high of $87.62.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share for the quarter, beating the consensus estimate of $2.61 by $1.09. The business had revenue of $43.62 billion during the quarter, compared to the consensus estimate of $43.51 billion. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.78 earnings per share. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. Equities research analysts anticipate that General Motors Company will post 12.73 earnings per share for the current fiscal year.

General Motors Announces Dividend

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 paid 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 dividend payout ratio is 29.03%.

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

General Motors Profile

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.