New York State Common Retirement Fund Sells 20,000 Shares of General Motors (NYSE:GM)

New York State Common Retirement Fund reduced its holdings in General Motors (NYSE:GM - Free Report) TSE: GMM.U by 1.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,486,201 shares of the auto manufacturer's stock after selling 20,000 shares during the quarter. New York State Common Retirement Fund owned approximately 0.15% of General Motors worth $79,170,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in shares of General Motors during the fourth quarter worth $25,000. Crews Bank & Trust acquired a new stake in shares of General Motors during the fourth quarter worth $26,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of General Motors during the fourth quarter worth $28,000. Sugar Maple Asset Management LLC acquired a new stake in shares of General Motors during the fourth quarter worth $31,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of General Motors during the third quarter worth $27,000. 92.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GM. Hsbc Global Res cut shares of General Motors from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 11th. UBS Group raised their price target on shares of General Motors from $62.00 to $64.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. HSBC cut shares of General Motors from a "buy" rating to a "hold" rating and set a $58.00 price target for the company. in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a "hold" rating to a "buy" rating and raised their price target for the stock from $56.00 to $60.00 in a report on Tuesday, January 21st. Finally, StockNews.com cut shares of General Motors from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. 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 MarketBeat, General Motors has a consensus rating of "Hold" and an average target price of $59.71.

Insider Activity at General Motors

In related news, Director Alfred F. Kelly, Jr. acquired 12,000 shares of the stock in a transaction on 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 completion of the transaction, the director now owns 13,714 shares in the company, valued at approximately $694,751.24. The trade was a 700.12 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Rory Harvey sold 8,919 shares of General Motors stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $60.01, for a total transaction of $535,229.19. Following the completion of the sale, the executive vice president now directly owns 8,513 shares in the company, valued at approximately $510,865.13. This represents a 51.16 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

General Motors Stock Down 3.5 %

Shares of GM traded down $1.66 during trading hours on Friday, reaching $46.24. 4,027,333 shares of the stock traded hands, compared to its average volume of 10,466,888. 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 simple moving average of $50.81 and a 200 day simple moving average of $50.11. General Motors has a 52 week low of $38.94 and a 52 week high of $61.24. The company has a market cap of $46.00 billion, a price-to-earnings ratio of 7.52, a PEG ratio of 0.67 and a beta of 1.40.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last released its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share 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, equities analysts forecast that General Motors will post 11.44 EPS for the current year.

General Motors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis 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%.

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.