Legal & General Group Plc Decreases Holdings in General Motors Company $GM

Legal & General Group Plc lessened its stake in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 8.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,496,858 shares of the auto manufacturer’s stock after selling 760,016 shares during the quarter. Legal & General Group Plc’s holdings in General Motors were worth $690,964,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Laurel Wealth Advisors LLC bought a new position in General Motors during the fourth quarter worth about $25,000. Elevation Wealth Partners LLC boosted its position in General Motors by 500.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 330 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 275 shares during the period. Founders Capital Management bought a new position in General Motors during the fourth quarter worth about $31,000. Ares Financial Consulting LLC bought a new position in General Motors during the fourth quarter worth about $35,000. Finally, Fourth Dimension Wealth LLC boosted its position in General Motors by 47.3% during the fourth quarter. Fourth Dimension Wealth LLC now owns 442 shares of the auto manufacturer’s stock worth $36,000 after purchasing an additional 142 shares during the period. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Price Performance

GM stock opened at $78.81 on Tuesday. The firm has a 50 day moving average of $76.15 and a 200-day moving average of $77.75. The company has a current ratio of 1.15, a quick ratio of 0.99 and a debt-to-equity ratio of 1.41. General Motors Company has a 12 month low of $46.81 and a 12 month high of $87.62. The firm has a market capitalization of $71.06 billion, a P/E ratio of 31.78, a price-to-earnings-growth ratio of 0.40 and a beta of 1.29.

General Motors (NYSE:GM) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported $3.70 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 company had revenue of $43.62 billion during the quarter, compared to analyst estimates of $43.51 billion. During the same period last year, the business earned $2.78 earnings per share. 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. As a group, sell-side analysts predict that General Motors Company will post 12.85 earnings per share for the current fiscal year.

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

General Motors Dividend Announcement

The company 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 $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, June 5th. General Motors’s dividend payout ratio (DPR) is 29.03%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Evercore reiterated an “outperform” rating and set a $100.00 target price on shares of General Motors in a research report on Monday, May 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of General Motors in a research report on Tuesday, April 21st. Royal Bank Of Canada cut their target price on shares of General Motors from $96.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a “hold” rating to a “buy” rating and increased their target price for the stock from $83.00 to $90.00 in a research report on Tuesday, April 14th. Finally, Wedbush reiterated an “outperform” rating and set a $95.00 target price on shares of General Motors in a research report on Monday, May 11th. One research 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 given a Sell rating to the company. Based on data from MarketBeat.com, General Motors has an average rating of “Moderate Buy” and an average price target of $94.65.

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.