Public Sector Pension Investment Board Purchases 9,049 Shares of General Motors Company $GM

Public Sector Pension Investment Board boosted its position in shares of General Motors Company (NYSE:GM) (TSE:GMM.U) by 12.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 81,428 shares of the auto manufacturer’s stock after buying an additional 9,049 shares during the quarter. Public Sector Pension Investment Board’s holdings in General Motors were worth $4,965,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC boosted its position in shares of General Motors by 50.8% during the 3rd quarter. CWM LLC now owns 340,858 shares of the auto manufacturer’s stock worth $20,782,000 after acquiring an additional 114,756 shares in the last quarter. Corient Private Wealth LLC lifted its stake in General Motors by 6.2% during the second quarter. Corient Private Wealth LLC now owns 341,426 shares of the auto manufacturer’s stock worth $16,802,000 after purchasing an additional 20,017 shares during the last quarter. SteelPeak Wealth LLC acquired a new stake in shares of General Motors in the 3rd quarter valued at $3,411,000. Burney Co. increased its stake in shares of General Motors by 18.7% in the 3rd quarter. Burney Co. now owns 82,037 shares of the auto manufacturer’s stock valued at $5,002,000 after purchasing an additional 12,913 shares during the last quarter. Finally, Permanent Capital Management LP acquired a new position in shares of General Motors during the 3rd quarter worth $1,102,000. Institutional investors own 92.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GM. Mizuho raised their price objective on General Motors from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Barclays set a $110.00 price target on shares of General Motors in a report on Wednesday, January 28th. Wall Street Zen cut shares of General Motors from a “buy” rating to a “hold” rating in a research report on Sunday, January 4th. Argus set a $78.00 target price on shares of General Motors in a research report on Thursday, October 23rd. Finally, Citigroup upped their price target on shares of General Motors from $86.00 to $98.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.52.

General Motors Price Performance

Shares of NYSE:GM opened at $81.40 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.01 and a current ratio of 1.17. General Motors Company has a 52 week low of $41.60 and a 52 week high of $87.62. The firm has a market cap of $73.58 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 0.46 and a beta of 1.36. The firm’s fifty day moving average is $82.18 and its 200-day moving average is $69.74.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its 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. The business had revenue of $45.29 billion during the quarter, compared to analyst estimates of $45.81 billion. General Motors had a return on equity of 14.72% and a net margin of 1.46%.General Motors’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period last year, the company earned $1.92 EPS. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. Sell-side analysts predict that General Motors Company will post 11.44 earnings per share for the current year.

General Motors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, March 6th will be paid a $0.18 dividend. This is an increase from General Motors’s previous quarterly dividend of $0.15. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, March 6th. General Motors’s payout ratio is presently 19.93%.

General Motors declared that its board has initiated a stock repurchase program on Tuesday, January 27th that permits the company to buyback $6.00 billion in 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 generally an indication that the company’s board believes its shares are undervalued.

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.