General Motors Company $GM Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lifted its holdings in shares of General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 5,639.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 181,090 shares of the auto manufacturer’s stock after buying an additional 177,935 shares during the period. TD Waterhouse Canada Inc.’s holdings in General Motors were worth $14,728,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in General Motors by 3.3% in the third quarter. Franklin Resources Inc. now owns 31,322,758 shares of the auto manufacturer’s stock valued at $1,909,748,000 after acquiring an additional 989,189 shares during the period. Capital World Investors boosted its holdings in General Motors by 8.2% during the third quarter. Capital World Investors now owns 18,130,519 shares of the auto manufacturer’s stock worth $1,105,420,000 after buying an additional 1,366,467 shares in the last quarter. AQR Capital Management LLC increased its holdings in General Motors by 5.5% in the third quarter. AQR Capital Management LLC now owns 14,252,689 shares of the auto manufacturer’s stock valued at $868,986,000 after buying an additional 748,831 shares in the last quarter. Viking Global Investors LP lifted its position in shares of General Motors by 81.1% during the 2nd quarter. Viking Global Investors LP now owns 13,018,874 shares of the auto manufacturer’s stock valued at $640,659,000 after acquiring an additional 5,830,050 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in General Motors by 5.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,001,245 shares of the auto manufacturer’s stock valued at $365,897,000 after purchasing an additional 302,140 shares in the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Mizuho upped their target price on General Motors from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. HSBC boosted their price objective on shares of General Motors from $48.00 to $75.00 and gave the company a “hold” rating in a research note on Tuesday, January 13th. Wall Street Zen downgraded shares of General Motors from a “buy” rating to a “hold” rating in a research note on Sunday, January 4th. Bank of America assumed coverage on shares of General Motors in a report on Wednesday, March 4th. They issued a “buy” rating and a $105.00 price objective on the stock. Finally, Jefferies Financial Group boosted their price target on General Motors from $85.00 to $97.00 and gave the stock a “hold” rating in a research note on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.25.

Read Our Latest Report on GM

General Motors Stock Down 1.0%

Shares of General Motors stock opened at $80.52 on Tuesday. General Motors Company has a twelve month low of $43.76 and a twelve month high of $87.62. The stock has a market capitalization of $72.78 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 0.45 and a beta of 1.34. The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 1.50. The business’s 50 day simple moving average is $76.96 and its 200-day simple moving average is $75.39.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last announced its 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. General Motors had a return on equity of 14.72% and a net margin of 1.46%.The business had revenue of $45.29 billion during the quarter, compared to analysts’ expectations of $45.81 billion. During the same quarter last year, the business posted $1.92 earnings per share. The company’s quarterly revenue was down 5.1% on a year-over-year basis. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. Equities research analysts forecast that General Motors Company will post 12.44 earnings per share for the current year.

General Motors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Friday, March 6th were issued 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 was Friday, March 6th. This is an increase from General Motors’s previous quarterly dividend of $0.15. General Motors’s payout ratio is presently 23.92%.

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

General Motors News Roundup

Here are the key news stories impacting General Motors this week:

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.

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

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