AlphaQuest LLC Sells 16,938 Shares of General Motors (NYSE:GM)

AlphaQuest LLC decreased its stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 45.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,578 shares of the auto manufacturer's stock after selling 16,938 shares during the quarter. AlphaQuest LLC's holdings in General Motors were worth $1,096,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in shares of General Motors in the 4th quarter valued at approximately $25,000. Crews Bank & Trust bought a new stake in shares of General Motors in the 4th quarter worth about $26,000. Truvestments Capital LLC purchased a new position in shares of General Motors during the 3rd quarter worth about $27,000. Compass Planning Associates Inc purchased a new stake in General Motors in the 4th quarter worth about $27,000. Finally, Duncker Streett & Co. Inc. lifted its stake in General Motors by 9,960.0% in the fourth quarter. Duncker Streett & Co. Inc. now owns 503 shares of the auto manufacturer's stock worth $27,000 after purchasing an additional 498 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.

General Motors Trading Up 2.6 %

NYSE:GM traded up $1.23 on Friday, reaching $48.34. The company's stock had a trading volume of 14,143,238 shares, compared to its average volume of 13,113,535. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. The firm has a market cap of $48.10 billion, a PE ratio of 7.86, a PEG ratio of 0.67 and a beta of 1.42. The business's 50-day moving average price is $49.30 and its two-hundred day moving average price is $50.47. General Motors has a 1-year low of $38.95 and a 1-year high of $61.24.

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General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (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%. Equities research analysts anticipate that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors declared that its Board of Directors has approved a stock buyback program on Wednesday, February 26th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the auto manufacturer to purchase up to 12.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.

General Motors Announces Dividend

The company 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 dividend of $0.12 per share. The ex-dividend date is Friday, March 7th. This represents a $0.48 annualized dividend and a dividend yield of 0.99%. General Motors's dividend payout ratio is presently 7.80%.

Insiders Place Their Bets

In other news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the company's stock in a transaction dated Thursday, January 30th. The stock was bought at an average price of $50.66 per share, with a total value of $607,920.00. Following the completion of the acquisition, the director now owns 13,714 shares of the company's stock, valued at $694,751.24. This represents a 700.12 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.72% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on GM. Deutsche Bank Aktiengesellschaft raised General Motors from a "hold" rating to a "buy" rating and upped their price objective for the company from $56.00 to $60.00 in a research report on Tuesday, January 21st. Hsbc Global Res downgraded shares of General Motors from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 11th. TD Cowen began coverage on shares of General Motors in a research report on Friday, March 7th. They issued a "buy" rating and a $105.00 price objective for the company. Cowen initiated coverage on shares of General Motors in a research note on Thursday, March 6th. They issued a "buy" rating on the stock. Finally, UBS Group reiterated a "buy" rating on shares of General Motors in a report on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, General Motors has a consensus rating of "Hold" and an average target price of $62.89.

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.