General Motors Company $GM Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. trimmed its holdings in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 77.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 18,094 shares of the auto manufacturer’s stock after selling 62,750 shares during the period. Jefferies Financial Group Inc.’s holdings in General Motors were worth $1,103,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of General Motors in the third quarter valued at $29,000. Armstrong Advisory Group Inc. lifted 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 worth $33,000 after acquiring an additional 265 shares during the last quarter. ESL Trust Services LLC acquired a new stake in General Motors in the third quarter valued at $37,000. Twin Peaks Wealth Advisors LLC acquired a new stake in General Motors during the second quarter worth approximately $38,000. Finally, MRP Capital Investments LLC grew its holdings in shares of General Motors by 142.9% during the second quarter. MRP Capital Investments LLC now owns 850 shares of the auto manufacturer’s stock worth $42,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Stock Down 1.8%

Shares of NYSE:GM opened at $73.43 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.17 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $66.38 billion, a P/E ratio of 24.40, a P/E/G ratio of 0.40 and a beta of 1.37. General Motors Company has a 52-week low of $41.60 and a 52-week high of $87.62. The stock’s fifty day simple moving average is $80.89 and its 200-day simple moving average is $72.10.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last posted 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. 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 during the quarter, compared to analysts’ expectations of $45.81 billion. During the same quarter last year, the business posted $1.92 EPS. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. As a group, equities research analysts forecast that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors announced that its Board of Directors has authorized a stock buyback program on Tuesday, January 27th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the auto manufacturer to buy up to 8.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

General Motors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, March 6th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.0%. This is a positive change from General Motors’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, March 6th. General Motors’s dividend payout ratio (DPR) is currently 23.92%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on GM shares. Wedbush upped their target price on shares of General Motors from $75.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Deutsche Bank Aktiengesellschaft increased their price target on General Motors from $82.00 to $83.00 and gave the stock a “hold” rating in a report on Wednesday, January 28th. Barclays set a $110.00 price objective on General Motors in a report on Wednesday, January 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of General Motors in a research report on Thursday, January 22nd. Finally, Wells Fargo & Company increased their price target on shares of General Motors from $48.00 to $57.00 and gave the company an “underweight” rating in a report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $91.39.

Read Our Latest Report on GM

Key Headlines Impacting General Motors

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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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