Teachers Retirement System of The State of Kentucky Purchases New Stake in General Motors (NYSE:GM)

Teachers Retirement System of The State of Kentucky purchased a new stake in General Motors (NYSE:GM – Get Rating) (TSE:GMM.U) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 138,695 shares of the auto manufacturer’s stock, valued at approximately $4,451,000.

Several other hedge funds have also bought and sold shares of GM. Penserra Capital Management LLC boosted its holdings in General Motors by 85.8% during the 1st quarter. Penserra Capital Management LLC now owns 613 shares of the auto manufacturer’s stock worth $26,000 after acquiring an additional 283 shares during the last quarter. Clear Investment Research LLC purchased a new position in General Motors during the 3rd quarter worth $31,000. Chilton Capital Management LLC purchased a new position in General Motors during the 2nd quarter worth $32,000. Ronald Blue Trust Inc. purchased a new position in General Motors during the 2nd quarter worth $48,000. Finally, Annapolis Financial Services LLC boosted its holdings in General Motors by 156.6% during the 3rd quarter. Annapolis Financial Services LLC now owns 1,383 shares of the auto manufacturer’s stock worth $44,000 after acquiring an additional 844 shares during the last quarter. Institutional investors and hedge funds own 78.92% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Barclays assumed coverage on shares of General Motors in a report on Tuesday, February 14th. They set an “equal weight” rating and a $46.00 price objective on the stock. JPMorgan Chase & Co. lowered their target price on General Motors from $59.00 to $57.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 25th. Tigress Financial reiterated a “strong-buy” rating and set a $86.00 target price on shares of General Motors in a research note on Tuesday, February 21st. Citigroup lifted their target price on General Motors from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. Finally, StockNews.com started coverage on General Motors in a research note on Thursday. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.06.

General Motors Stock Down 3.6 %

GM stock opened at $33.38 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.10 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $46.55 billion, a PE ratio of 5.45, a PEG ratio of 0.56 and a beta of 1.36. General Motors has a twelve month low of $30.33 and a twelve month high of $46.74. The stock has a 50-day simple moving average of $38.74 and a two-hundred day simple moving average of $37.71.

General Motors (NYSE:GM – Get Rating) (TSE:GMM.U) last posted its earnings results on Tuesday, January 31st. The auto manufacturer reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.44. The business had revenue of $43.11 billion during the quarter, compared to analyst estimates of $40.62 billion. General Motors had a return on equity of 16.08% and a net margin of 6.34%. The company’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.35 EPS. On average, equities analysts predict that General Motors will post 6.21 EPS for the current fiscal year.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 16th. Shareholders of record on Friday, March 3rd were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Thursday, March 2nd. General Motors’s payout ratio is presently 5.87%.

Insider Transactions at General Motors

In related news, EVP Gerald Johnson sold 15,743 shares of the company’s stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $42.65, for a total value of $671,438.95. Following the transaction, the executive vice president now directly owns 71,209 shares in the company, valued at $3,037,063.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Gerald Johnson sold 15,743 shares of the company’s stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $42.65, for a total value of $671,438.95. Following the transaction, the executive vice president now directly owns 71,209 shares in the company, valued at $3,037,063.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Stephen K. Carlisle sold 18,000 shares of the company’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $41.97, for a total transaction of $755,460.00. Following the completion of the transaction, the executive vice president now owns 46,170 shares in the company, valued at $1,937,754.90. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

General Motors Company Profile

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General Motors Co engages in the designing, manufacturing, and selling of trucks, crossovers, cars, and automobile parts and in providing software-enabled services and subscriptions. It operates through the following segments: GMNA, GMI, Cruise, and GM Financial. The company was founded by William C.