General Motors Company $GM Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in General Motors Company (NYSE:GM) (TSE:GMM.U) by 270.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,594,525 shares of the auto manufacturer’s stock after buying an additional 1,893,896 shares during the quarter. Victory Capital Management Inc.’s holdings in General Motors were worth $158,188,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of General Motors by 11.5% during the second quarter. Vanguard Group Inc. now owns 110,759,703 shares of the auto manufacturer’s stock valued at $5,450,485,000 after acquiring an additional 11,418,367 shares during the last quarter. Norges Bank acquired a new stake in shares of General Motors in the second quarter worth approximately $444,319,000. Viking Global Investors LP increased 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 purchasing an additional 5,830,050 shares in the last quarter. Worldquant Millennium Advisors LLC raised its stake in General Motors by 436.8% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 2,658,525 shares of the auto manufacturer’s stock valued at $130,826,000 after purchasing an additional 2,163,274 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in General Motors by 125.9% in the 2nd quarter. Marshall Wace LLP now owns 3,699,220 shares of the auto manufacturer’s stock valued at $182,039,000 after purchasing an additional 2,061,712 shares in the last quarter. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

General Motors Price Performance

Shares of GM stock opened at $77.16 on Wednesday. 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 company has a market capitalization of $69.75 billion, a PE ratio of 25.63, a price-to-earnings-growth ratio of 0.43 and a beta of 1.37. The firm’s 50-day moving average is $81.87 and its two-hundred day moving average is $71.41. 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 posted its quarterly earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.25. The business had revenue of $45.29 billion during the quarter, compared to analysts’ expectations of $45.81 billion. General Motors had a net margin of 1.46% and a return on equity of 14.72%. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.92 EPS. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. Analysts predict that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Friday, March 6th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.9%. 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 payout ratio is 19.93%.

General Motors announced that its Board of Directors has initiated a share repurchase program on Tuesday, January 27th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the auto manufacturer to purchase up to 8.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GM. Mizuho increased their target price on shares of General Motors from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. UBS Group upped their price objective on shares of General Motors from $97.00 to $102.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Wedbush increased their price objective 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. Jefferies Financial Group boosted their target price on General Motors from $85.00 to $97.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. Finally, DZ Bank upgraded 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. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, General Motors presently has a consensus rating of “Moderate Buy” and an average price target of $89.52.

About General Motors

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.