32,652 Shares in General Motors Company $GM Acquired by North Dakota State Investment Board

North Dakota State Investment Board acquired a new stake in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 32,652 shares of the auto manufacturer’s stock, valued at approximately $2,655,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Franklin Resources Inc. lifted its stake in General Motors by 3.3% in the 3rd quarter. Franklin Resources Inc. now owns 31,322,758 shares of the auto manufacturer’s stock valued at $1,909,748,000 after purchasing an additional 989,189 shares during the last quarter. Capital World Investors lifted its stake in General Motors by 8.2% in the 3rd quarter. Capital World Investors now owns 18,130,519 shares of the auto manufacturer’s stock valued at $1,105,420,000 after purchasing an additional 1,366,467 shares during the last quarter. AQR Capital Management LLC lifted its stake in General Motors by 5.5% in the 3rd quarter. AQR Capital Management LLC now owns 14,252,689 shares of the auto manufacturer’s stock valued at $868,986,000 after purchasing an additional 748,831 shares during the last quarter. Viking Global Investors LP lifted its stake in General Motors by 81.1% in 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 purchasing an additional 5,830,050 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted 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 during the last quarter. Institutional investors own 92.67% of the company’s stock.

General Motors News Summary

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and increased their price objective for the company from $83.00 to $90.00 in a research note on Tuesday, April 14th. Morgan Stanley reiterated an “overweight” rating and issued a $100.00 price objective on shares of General Motors in a report on Wednesday, January 28th. Benchmark raised their price objective on shares of General Motors from $65.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Jefferies Financial Group boosted their target price on shares of General Motors from $85.00 to $97.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. Finally, Royal Bank Of Canada reduced their target price on shares of General Motors from $96.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $94.65.

Check Out Our Latest Analysis on GM

General Motors Price Performance

GM stock opened at $73.11 on Tuesday. The company has a fifty day moving average price of $75.94 and a 200-day moving average price of $77.45. The company has a market capitalization of $65.92 billion, a P/E ratio of 29.48, a PEG ratio of 0.38 and a beta of 1.29. General Motors Company has a 52-week low of $46.81 and a 52-week high of $87.62. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.99 and a current ratio of 1.15.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last released its quarterly earnings results on Tuesday, April 28th. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.61 by $1.09. The firm had revenue of $43.62 billion during the quarter, compared to the consensus estimate of $43.51 billion. General Motors had a net margin of 1.38% and a return on equity of 16.68%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the firm earned $2.78 earnings per share. General Motors has set its FY 2026 guidance at 10.620-12.620 EPS. As a group, equities analysts expect that General Motors Company will post 12.85 EPS for the current year.

General Motors declared that its Board of Directors has authorized a share 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 buy up to 8.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.72 annualized dividend and a dividend yield of 1.0%. General Motors’s dividend payout ratio (DPR) is presently 29.03%.

General Motors Profile

(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.

Further Reading

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

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