General Motors (NYSE:GM) Given Average Rating of "Hold" by Analysts

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U has been given an average recommendation of "Hold" by the twenty ratings firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $59.71.

GM has been the topic of several analyst reports. Mizuho upped their price target on General Motors from $59.00 to $62.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Hsbc Global Res lowered shares of General Motors from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 11th. StockNews.com downgraded General Motors from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Wells Fargo & Company boosted their target price on General Motors from $35.00 to $37.00 and gave the stock an "underweight" rating in a research report on Wednesday, January 29th. Finally, 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 report on Friday, October 25th.

Insider Activity at General Motors

In other news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the company's stock in a transaction dated Thursday, January 30th. The shares were acquired at an average price of $50.66 per share, with a total value of $607,920.00. Following the purchase, the director now directly owns 13,714 shares of the company's stock, valued at $694,751.24. This trade represents a 700.12 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Rory Harvey sold 8,919 shares of the firm's stock in a transaction that occurred 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. The trade was a 51.16 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On General Motors

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC purchased a new stake in shares of General Motors during the fourth quarter worth $25,000. Crews Bank & Trust purchased a new stake in shares of General Motors during the fourth quarter worth $26,000. Catalyst Capital Advisors LLC purchased a new stake in shares of General Motors during the third quarter worth $27,000. Truvestments Capital LLC purchased a new stake in shares of General Motors during the third quarter worth $27,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of General Motors during the fourth quarter worth $27,000. Hedge funds and other institutional investors own 92.67% of the company's stock.

General Motors Stock Performance

Shares of NYSE GM traded down $1.83 during midday trading on Thursday, hitting $46.06. The company's stock had a trading volume of 3,786,585 shares, compared to its average volume of 10,457,440. The firm has a market capitalization of $45.83 billion, a price-to-earnings ratio of 7.49, a P/E/G ratio of 0.67 and a beta of 1.40. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.38. The stock has a fifty day moving average price of $50.81 and a 200 day moving average price of $50.11. General Motors has a one year low of $38.94 and a one year high of $61.24.

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

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, March 7th. General Motors's payout ratio is currently 7.80%.

About General Motors

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.