Teachers Retirement System of The State of Kentucky Takes $4.45 Million Position in General Motors (NYSE:GM)

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

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Penserra Capital Management LLC boosted its position in shares of General Motors by 85.8% during the first quarter. Penserra Capital Management LLC now owns 613 shares of the auto manufacturer’s stock valued at $26,000 after buying an additional 283 shares during the last quarter. Clear Investment Research LLC purchased a new stake in shares of General Motors during the third quarter valued at $31,000. Chilton Capital Management LLC purchased a new stake in shares of General Motors during the second quarter valued at $32,000. Annapolis Financial Services LLC boosted its position in shares of General Motors by 156.6% during the third quarter. Annapolis Financial Services LLC now owns 1,383 shares of the auto manufacturer’s stock valued at $44,000 after buying an additional 844 shares during the last quarter. Finally, Rock Creek Group LP boosted its position in shares of General Motors by 108.1% during the third quarter. Rock Creek Group LP now owns 1,384 shares of the auto manufacturer’s stock valued at $44,000 after buying an additional 719 shares during the last quarter. 78.92% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

General Motors Stock Down 3.6 %

Shares of GM opened at $33.38 on Friday. The business’s 50 day moving average is $38.74 and its 200 day moving average is $37.71. The company has a market capitalization of $46.55 billion, a PE ratio of 5.45, a price-to-earnings-growth ratio of 0.56 and a beta of 1.36. General Motors has a 12-month low of $30.33 and a 12-month high of $46.74. The company has a current ratio of 1.10, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06.

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

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 16th. Shareholders of record on Friday, March 3rd were paid a $0.09 dividend. 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 5.87%.

Analyst Ratings Changes

Several brokerages have issued reports on GM. Deutsche Bank Aktiengesellschaft raised their target price on General Motors from $33.00 to $36.00 in a research report on Wednesday, February 1st. Morgan Stanley raised their target price on General Motors from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 1st. Berenberg Bank cut General Motors from a “buy” rating to a “hold” rating and dropped their target price for the stock from $45.00 to $41.00 in a research report on Monday, January 30th. JPMorgan Chase & Co. dropped their target price on General Motors from $59.00 to $57.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 25th. Finally, StockNews.com began coverage on General Motors in a research report on Thursday. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.06.

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.