Nisa Investment Advisors LLC Has $16.22 Million Holdings in General Motors Company $GM

Nisa Investment Advisors LLC grew its stake in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 36.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 199,444 shares of the auto manufacturer’s stock after acquiring an additional 53,567 shares during the period. Nisa Investment Advisors LLC’s holdings in General Motors were worth $16,219,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of GM. Viking Global Investors LP lifted its holdings in General Motors by 81.1% during the 2nd quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock worth $640,659,000 after buying an additional 5,830,050 shares in the last quarter. Two Sigma Investments LP increased its stake in shares of General Motors by 348.4% in the 3rd quarter. Two Sigma Investments LP now owns 3,549,170 shares of the auto manufacturer’s stock valued at $216,393,000 after buying an additional 2,757,695 shares during the period. Worldquant Millennium Advisors LLC raised its position in shares of General Motors by 436.8% during the second quarter. Worldquant Millennium Advisors LLC now owns 2,658,525 shares of the auto manufacturer’s stock worth $130,826,000 after acquiring an additional 2,163,274 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of General Motors by 125.9% during the second quarter. Marshall Wace LLP now owns 3,699,220 shares of the auto manufacturer’s stock valued at $182,039,000 after acquiring an additional 2,061,712 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in General Motors by 270.3% in the third quarter. Victory Capital Management Inc. now owns 2,594,525 shares of the auto manufacturer’s stock valued at $158,188,000 after acquiring an additional 1,893,896 shares during the last quarter. 92.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GM has been the topic of a number of research reports. DZ Bank upgraded shares of General Motors from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research report on Thursday, January 29th. UBS Group increased their price objective on shares of General Motors from $97.00 to $102.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Wolfe Research upgraded shares of General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 target price for the company in a research report on Wednesday, March 25th. HSBC increased their price target on General Motors from $48.00 to $75.00 and gave the company a “hold” rating in a research note on Tuesday, January 13th. Finally, Wall Street Zen downgraded General Motors from a “buy” rating to a “hold” rating in a report on Sunday, January 4th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have assigned a Hold rating and two have assigned 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 an average price target of $91.38.

Read Our Latest Stock Analysis on General Motors

General Motors News Roundup

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

General Motors Stock Performance

Shares of General Motors stock opened at $75.14 on Thursday. The stock’s fifty day simple moving average is $78.78 and its 200 day simple moving average is $73.75. 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 company has a market capitalization of $67.92 billion, a PE ratio of 24.96, a PEG ratio of 0.40 and a beta of 1.34. 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 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 return on equity of 14.72% and a net margin of 1.46%.The company had revenue of $45.29 billion during the quarter, compared to the consensus estimate of $45.81 billion. During the same period in the prior year, the company earned $1.92 earnings per share. The company’s revenue for the quarter 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. On average, research analysts predict that General Motors Company will post 11.44 EPS for the current year.

General Motors Increases Dividend

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

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

General Motors 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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