South Dakota Investment Council Sells 5,300 Shares of General Motors (NYSE:GM)

South Dakota Investment Council lowered its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,861 shares of the auto manufacturer’s stock after selling 5,300 shares during the period. South Dakota Investment Council’s holdings in General Motors were worth $3,988,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA acquired a new stake in shares of General Motors during the fourth quarter worth about $505,000. Howard Capital Management Inc. raised its position in shares of General Motors by 0.4% during the fourth quarter. Howard Capital Management Inc. now owns 106,752 shares of the auto manufacturer’s stock worth $5,687,000 after purchasing an additional 446 shares during the period. Wealthspire Advisors LLC acquired a new stake in shares of General Motors during the fourth quarter worth about $245,000. TCW Group Inc. raised its position in shares of General Motors by 1.7% during the fourth quarter. TCW Group Inc. now owns 1,427,352 shares of the auto manufacturer’s stock worth $76,035,000 after purchasing an additional 23,979 shares during the period. Finally, Olympiad Research LP acquired a new stake in shares of General Motors during the fourth quarter worth about $283,000. Institutional investors own 92.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GM. HSBC lowered General Motors from a “buy” rating to a “hold” rating and set a $58.00 price target on the stock. in a research report on Wednesday, December 11th. Mizuho raised their price target on General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft raised 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 research report on Tuesday, January 21st. StockNews.com lowered General Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Morgan Stanley raised General Motors from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $46.00 to $54.00 in a research report on Tuesday, December 10th. Three equities research 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 data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $59.71.

Insider Transactions at General Motors

In other General Motors news, Director Alfred F. Kelly, Jr. bought 12,000 shares of General Motors stock in a transaction dated Thursday, January 30th. The stock was bought at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the purchase, the director now owns 13,714 shares of the company’s stock, valued at $694,751.24. The trade was a 700.12 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

General Motors Stock Down 3.3 %

NYSE:GM opened at $46.31 on Monday. The firm has a market capitalization of $46.07 billion, a price-to-earnings ratio of 7.53, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40. General Motors has a twelve month low of $38.94 and a twelve month high of $61.24. The stock’s 50 day moving average price is $50.68 and its two-hundred day moving average price is $50.29. 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 (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, topping the consensus estimate 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 expect that General Motors will post 11.44 earnings per share for the current fiscal year.

General Motors Dividend Announcement

The firm also recently announced 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 1.04%. General Motors’s dividend 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.