Life Cycle Investment Partners Ltd Makes New $309.38 Million Investment in General Motors Company $GM

Life Cycle Investment Partners Ltd bought a new position in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,804,476 shares of the auto manufacturer’s stock, valued at approximately $309,380,000. General Motors accounts for approximately 2.2% of Life Cycle Investment Partners Ltd’s investment portfolio, making the stock its 16th largest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of GM. Viking Global Investors LP grew its position in shares of General Motors by 81.1% during 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 during the last quarter. Two Sigma Investments LP grew its position in shares of General Motors by 348.4% during the third quarter. Two Sigma Investments LP now owns 3,549,170 shares of the auto manufacturer’s stock worth $216,393,000 after acquiring an additional 2,757,695 shares during the last quarter. Worldquant Millennium Advisors LLC grew 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. Robeco Institutional Asset Management B.V. grew its position in shares of General Motors by 164.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,097,019 shares of the auto manufacturer’s stock worth $251,850,000 after acquiring an additional 1,927,752 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of General Motors by 270.3% during the third quarter. Victory Capital Management Inc. now owns 2,594,525 shares of the auto manufacturer’s stock worth $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 and hedge funds.

General Motors Stock Performance

Shares of GM opened at $78.81 on Friday. The firm has a 50-day moving average price of $76.04 and a 200 day moving average price of $77.60. The firm has a market capitalization of $71.06 billion, a PE ratio of 31.78, a P/E/G ratio of 0.40 and a beta of 1.29. The company has a quick ratio of 0.99, a current ratio of 1.15 and a debt-to-equity ratio of 1.41. General Motors Company has a 52-week low of $46.81 and a 52-week high of $87.62.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last announced its earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.61 by $1.09. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The firm had revenue of $43.62 billion during the quarter, compared to analyst estimates of $43.51 billion. During the same quarter in the prior year, the firm posted $2.78 EPS. General Motors’s revenue was down .9% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. On average, sell-side analysts anticipate that General Motors Company will post 12.85 earnings per share for the current fiscal year.

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

General Motors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be given a dividend of $0.18 per share. 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 (DPR) is 29.03%.

More General Motors News

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Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Morgan Stanley restated an “overweight” rating and set a $100.00 price target on shares of General Motors in a research report on Wednesday, January 28th. Benchmark upped their price target on shares of General Motors from $65.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. UBS Group upped their price target on shares of General Motors from $102.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. The Goldman Sachs Group lowered their price target 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. Finally, DZ Bank upgraded shares of General Motors from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, General Motors presently has a consensus rating of “Moderate Buy” and an average price target of $94.65.

Check Out Our Latest Report on General Motors

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.

See Also

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

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