General Motors Company $GM Shares Sold by Staley Capital Advisers Inc.

Staley Capital Advisers Inc. cut its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 99.1% in the third quarter, Holdings Channel reports. The fund owned 10,700 shares of the auto manufacturer’s stock after selling 1,215,427 shares during the period. Staley Capital Advisers Inc.’s holdings in General Motors were worth $652,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of GM. Brighton Jones LLC increased its position in General Motors by 456.1% during the fourth quarter. Brighton Jones LLC now owns 38,717 shares of the auto manufacturer’s stock worth $2,062,000 after purchasing an additional 31,755 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of General Motors by 61.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 18,548 shares of the auto manufacturer’s stock valued at $913,000 after buying an additional 7,058 shares during the period. Keybank National Association OH increased its holdings in shares of General Motors by 1.4% during the 2nd quarter. Keybank National Association OH now owns 35,238 shares of the auto manufacturer’s stock worth $1,734,000 after buying an additional 499 shares during the last quarter. Assetmark Inc. increased its holdings in shares of General Motors by 28.1% during the 2nd quarter. Assetmark Inc. now owns 90,775 shares of the auto manufacturer’s stock worth $4,467,000 after buying an additional 19,925 shares during the last quarter. Finally, Simon Quick Advisors LLC raised its position in shares of General Motors by 12.5% during the 2nd quarter. Simon Quick Advisors LLC now owns 9,546 shares of the auto manufacturer’s stock valued at $470,000 after buying an additional 1,060 shares during the period. Hedge funds and other institutional investors own 92.67% of the company’s stock.

Wall Street Analyst Weigh In

GM has been the subject of several analyst reports. Evercore increased their price objective on General Motors from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. The Goldman Sachs Group set a $104.00 price target on General Motors in a research note on Tuesday, January 27th. UBS Group raised their price objective on General Motors from $97.00 to $102.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Jefferies Financial Group boosted their price objective on shares of General Motors from $85.00 to $97.00 and gave the company a “hold” rating in a report on Monday, February 2nd. Finally, 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 research note on Wednesday, January 28th. 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.52.

General Motors Stock Performance

Shares of General Motors stock opened at $78.56 on Monday. The stock has a market capitalization of $71.02 billion, a price-to-earnings ratio of 26.10, a price-to-earnings-growth ratio of 0.43 and a beta of 1.37. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.17 and a quick ratio of 1.01. The business has a 50-day moving average of $82.09 and a 200 day moving average of $71.11. General Motors Company has a 12 month low of $41.60 and a 12 month high of $87.62.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share (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 analysts’ expectations of $45.81 billion. During the same quarter in the prior year, the company earned $1.92 earnings per share. The business’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. As a group, sell-side analysts forecast that General Motors Company will post 11.44 earnings per share for the current year.

General Motors declared that its board has initiated a share buyback plan on Tuesday, January 27th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the auto manufacturer to repurchase up to 8.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

General Motors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Friday, March 6th will be given 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 0.9%. This is a boost from General Motors’s previous quarterly dividend of $0.15. General Motors’s dividend payout ratio is 19.93%.

General Motors Company 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.