Kentucky Retirement Systems Insurance Trust Fund Buys 7,058 Shares of General Motors (NYSE:GM)

Kentucky Retirement Systems Insurance Trust Fund raised its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 21.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,334 shares of the auto manufacturer's stock after buying an additional 7,058 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in General Motors were worth $2,149,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GM. Geode Capital Management LLC grew its holdings in shares of General Motors by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 23,620,533 shares of the auto manufacturer's stock worth $1,055,395,000 after purchasing an additional 106,878 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of General Motors by 6.1% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 17,278,448 shares of the auto manufacturer's stock worth $774,766,000 after purchasing an additional 989,750 shares in the last quarter. Diamond Hill Capital Management Inc. grew its holdings in shares of General Motors by 3.9% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 11,113,063 shares of the auto manufacturer's stock worth $498,310,000 after purchasing an additional 421,989 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of General Motors by 6.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 5,798,131 shares of the auto manufacturer's stock worth $259,988,000 after purchasing an additional 358,507 shares in the last quarter. Finally, AustralianSuper Pty Ltd lifted its position in shares of General Motors by 35.8% during the 4th quarter. AustralianSuper Pty Ltd now owns 4,399,549 shares of the auto manufacturer's stock worth $234,364,000 after buying an additional 1,159,958 shares during the period. Institutional investors and hedge funds own 92.67% of the company's stock.

Wall Street Analyst Weigh In

GM has been the subject of several analyst reports. Hsbc Global Res downgraded General Motors from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 11th. Sanford C. Bernstein raised their target price on General Motors from $53.00 to $55.00 and gave the stock a "market perform" rating in a research report on Friday, October 25th. HSBC downgraded General Motors from a "buy" rating to a "hold" rating and set a $58.00 target price for the company. in a research report on Wednesday, December 11th. UBS Group lifted their price objective on General Motors from $62.00 to $64.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Finally, Morgan Stanley upgraded General Motors from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $46.00 to $54.00 in a research report on Tuesday, December 10th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $59.71.

Insider Buying and Selling

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

General Motors Trading Down 3.3 %

Shares of General Motors stock traded down $1.59 during trading on Friday, reaching $46.31. 6,773,091 shares of the company were exchanged, compared to its average volume of 10,552,047. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. General Motors has a twelve month low of $38.94 and a twelve month high of $61.24. The business has a 50-day moving average price of $50.81 and a 200-day moving average price of $50.11. The firm has a market capitalization of $46.07 billion, a price-to-earnings ratio of 7.53, a P/E/G ratio of 0.67 and a beta of 1.40.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data 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%. Sell-side analysts anticipate 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 paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.04%. General Motors's dividend payout ratio (DPR) is presently 7.80%.

General Motors 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.