General Motors (NYSE:GM) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,179,059 shares of the auto manufacturer's stock after selling 6,404 shares during the quarter. New York State Teachers Retirement System owned approximately 0.11% of General Motors worth $62,808,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Cornerstone Wealth Management LLC grew its stake in General Motors by 13.8% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 8,001 shares of the auto manufacturer's stock worth $359,000 after acquiring an additional 971 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of General Motors in the third quarter valued at approximately $381,000. Bleakley Financial Group LLC grew its stake in General Motors by 2.6% in the third quarter. Bleakley Financial Group LLC now owns 18,026 shares of the auto manufacturer's stock worth $808,000 after purchasing an additional 449 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in General Motors by 2.2% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 145,059 shares of the auto manufacturer's stock worth $6,504,000 after purchasing an additional 3,176 shares during the period. Finally, V Square Quantitative Management LLC raised its position in General Motors by 15.9% during the 3rd quarter. V Square Quantitative Management LLC now owns 42,838 shares of the auto manufacturer's stock valued at $1,921,000 after purchasing an additional 5,885 shares in the last quarter. 92.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GM has been the topic of several research reports. Sanford C. Bernstein raised their price target on General Motors from $53.00 to $55.00 and gave the company a "market perform" rating in a research note on Friday, October 25th. JPMorgan Chase & Co. raised their target price on shares of General Motors from $64.00 to $70.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. UBS Group upped their price target on shares of General Motors from $62.00 to $64.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. HSBC lowered shares of General Motors from a "buy" rating to a "hold" rating and set a $58.00 price objective on the stock. in a report on Wednesday, December 11th. Finally, Royal Bank of Canada upped their target price on General Motors from $58.00 to $65.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, General Motors currently has a consensus rating of "Hold" and a consensus price target of $59.71.

Insider Activity at General Motors

In other news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the business's stock in a transaction dated Thursday, January 30th. The stock was purchased at an average cost of $50.66 per share, with a total value of $607,920.00. Following the acquisition, the director now directly owns 13,714 shares in the company, valued at $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Rory Harvey sold 8,919 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $60.01, for a total transaction of $535,229.19. Following the sale, the executive vice president now directly owns 8,513 shares in the company, valued at $510,865.13. This trade represents a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.

General Motors Stock Performance

GM traded down $0.36 on Wednesday, reaching $47.77. 6,832,460 shares of the stock were exchanged, compared to its average volume of 10,818,463. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The company's 50-day moving average price is $50.98 and its 200 day moving average price is $50.14. The firm has a market capitalization of $47.53 billion, a PE ratio of 7.77, a PEG ratio of 0.68 and a beta of 1.40. General Motors has a fifty-two week low of $38.13 and a fifty-two week high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. As a group, sell-side analysts forecast that General Motors will post 11.44 EPS for the current fiscal year.

General Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, March 7th will be paid a $0.12 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.00%. General Motors's payout ratio is currently 7.80%.

General Motors Company Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.