SteelPeak Wealth LLC Has $3.27 Million Stock Position in General Motors Company $GM

SteelPeak Wealth LLC reduced its position in General Motors Company (NYSE:GMFree Report) (TSE:GMM.U) by 28.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,236 shares of the auto manufacturer’s stock after selling 15,705 shares during the period. SteelPeak Wealth LLC’s holdings in General Motors were worth $3,272,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Tiemann Investment Advisors LLC lifted its position in shares of General Motors by 3.1% during the third quarter. Tiemann Investment Advisors LLC now owns 5,045 shares of the auto manufacturer’s stock worth $308,000 after purchasing an additional 150 shares in the last quarter. Hemington Wealth Management raised its position in General Motors by 14.5% in the 3rd quarter. Hemington Wealth Management now owns 1,219 shares of the auto manufacturer’s stock worth $74,000 after purchasing an additional 154 shares during the last quarter. Fielder Capital Group LLC raised its position in General Motors by 3.3% in the 3rd quarter. Fielder Capital Group LLC now owns 5,131 shares of the auto manufacturer’s stock worth $313,000 after purchasing an additional 163 shares during the last quarter. Resonant Capital Advisors LLC lifted its holdings in General Motors by 3.4% during the 3rd quarter. Resonant Capital Advisors LLC now owns 5,222 shares of the auto manufacturer’s stock worth $318,000 after buying an additional 171 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in General Motors by 3.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 5,732 shares of the auto manufacturer’s stock valued at $466,000 after buying an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

General Motors Stock Performance

Shares of GM stock opened at $72.58 on Friday. General Motors Company has a 12 month low of $41.60 and a 12 month high of $87.62. The company’s fifty day simple moving average is $78.47 and its 200-day simple moving average is $73.84. The firm has a market cap of $65.61 billion, a PE ratio of 24.11, a P/E/G ratio of 0.39 and a beta of 1.34. The company has a quick ratio of 1.01, a current ratio of 1.17 and a debt-to-equity ratio of 1.50.

General Motors (NYSE:GMGet Free Report) (TSE:GMM.U) last released its earnings results on Tuesday, January 27th. The auto manufacturer reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.25. General Motors had a net margin of 1.46% and a return on equity of 14.72%. The business had revenue of $45.29 billion during the quarter, compared to the consensus estimate of $45.81 billion. During the same quarter last year, the firm earned $1.92 earnings per share. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. General Motors has set its FY 2026 guidance at 9.750-10.500 EPS. Equities research analysts expect that General Motors Company will post 11.44 EPS for the current fiscal year.

General Motors Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Friday, March 6th were given 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 1.0%. The ex-dividend date of this dividend was Friday, March 6th. General Motors’s dividend payout ratio (DPR) is presently 23.92%.

General Motors declared that its Board of Directors has approved a stock repurchase plan on Tuesday, January 27th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the auto manufacturer to purchase up to 8.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

Trending Headlines about General Motors

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

Analyst Ratings Changes

GM has been the subject of a number of analyst reports. Benchmark lifted their price objective on General Motors from $65.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Royal Bank Of Canada raised their target price on General Motors from $92.00 to $107.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Jefferies Financial Group boosted their target price on General Motors from $85.00 to $97.00 and gave the stock a “hold” rating in a research report on Monday, February 2nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $100.00 price target on shares of General Motors in a research note on Wednesday, January 28th. Finally, The Goldman Sachs Group set a $104.00 price target on shares of General Motors in a research report on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $91.38.

Read Our Latest Stock Report on GM

General Motors Company 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

Want to see what other hedge funds are holding GM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Motors Company (NYSE:GMFree Report) (TSE:GMM.U).

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

Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.