Lighthouse Investment Partners LLC Boosts Holdings in General Motors Company $GM

Lighthouse Investment Partners LLC lifted its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 87.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 156,704 shares of the auto manufacturer’s stock after purchasing an additional 73,127 shares during the period. Lighthouse Investment Partners LLC’s holdings in General Motors were worth $9,554,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in GM. Steigerwald Gordon & Koch Inc. acquired a new position in shares of General Motors in the third quarter worth $29,000. Kelleher Financial Advisors acquired a new stake in shares of General Motors in the third quarter valued at $29,000. JPL Wealth Management LLC purchased a new position in General Motors in the third quarter valued at $32,000. Armstrong Advisory Group Inc. grew its stake in General Motors by 94.6% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 545 shares of the auto manufacturer’s stock worth $33,000 after purchasing an additional 265 shares in the last quarter. Finally, ESL Trust Services LLC purchased a new stake in General Motors during the 3rd quarter worth about $37,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

General Motors Stock Down 1.5%

GM stock opened at $72.35 on Monday. The stock has a market cap of $65.40 billion, a P/E ratio of 24.04, a PEG ratio of 0.39 and a beta of 1.37. The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 1.50. General Motors Company has a twelve month low of $41.60 and a twelve month high of $87.62. The company’s 50 day moving average is $80.72 and its two-hundred day moving average is $72.39.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share (EPS) 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 company’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.92 EPS. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. Research analysts expect that General Motors Company will post 11.44 earnings per share for the current fiscal year.

General Motors announced that its board has approved a share buyback program on Tuesday, January 27th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the auto manufacturer to reacquire up to 8.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

General Motors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Friday, March 6th will be paid a $0.18 dividend. This is a boost from General Motors’s previous quarterly dividend of $0.15. This represents a $0.72 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, March 6th. General Motors’s payout ratio is currently 23.92%.

Analyst Ratings Changes

A number of research firms have issued reports on GM. The Goldman Sachs Group set a $104.00 price target on General Motors in a research report on Tuesday, January 27th. Evercore boosted their price objective on General Motors from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Jefferies Financial Group raised their target price on shares of General Motors from $85.00 to $97.00 and gave the company a “hold” rating in a report on Monday, February 2nd. Barclays set a $110.00 price target on shares of General Motors in a research note on Wednesday, January 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of General Motors in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.39.

General Motors 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.