Amalgamated Bank Sells 8,027 Shares of General Motors (NYSE:GM)

Amalgamated Bank decreased its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 3.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 213,068 shares of the auto manufacturer’s stock after selling 8,027 shares during the quarter. Amalgamated Bank’s holdings in General Motors were worth $11,350,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in shares of General Motors in the fourth quarter valued at approximately $25,000. Crews Bank & Trust purchased a new stake in General Motors in the 4th quarter valued at $26,000. Catalyst Capital Advisors LLC bought a new position in General Motors during the 3rd quarter valued at $27,000. Truvestments Capital LLC purchased a new position in General Motors during the 3rd quarter worth $27,000. Finally, Compass Planning Associates Inc bought a new stake in shares of General Motors in the 4th quarter worth $27,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Hsbc Global Res lowered shares of General Motors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 11th. Morgan Stanley raised shares of General Motors from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $46.00 to $54.00 in a research report on Tuesday, December 10th. UBS Group reaffirmed a “buy” rating on shares of General Motors in a report on Monday, February 3rd. HSBC lowered General Motors from a “buy” rating to a “hold” rating and set a $58.00 price target on the stock. in a report on Wednesday, December 11th. Finally, Wells Fargo & Company restated an “underweight” rating on shares of General Motors in a research note on Monday, February 3rd. 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 MarketBeat.com, General Motors presently has an average rating of “Hold” and a consensus target price of $59.71.

Insider Buying and Selling at General Motors

In other news, Director Alfred F. Kelly, Jr. bought 12,000 shares of the stock in a transaction on Thursday, January 30th. The shares were acquired at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the purchase, the director now directly owns 13,714 shares of the company’s stock, valued at $694,751.24. This trade represents a 700.12 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.72% of the company’s stock.

General Motors Stock Performance

NYSE GM opened at $46.73 on Wednesday. The firm has a market cap of $46.49 billion, a P/E ratio of 7.60, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38. The company’s 50 day moving average is $50.48 and its 200-day moving average is $50.34. General Motors has a 12-month low of $38.94 and a 12-month high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share (EPS) 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%. Sell-side analysts predict that General Motors will post 11.44 earnings per share for the current year.

General Motors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 annualized dividend and a yield of 1.03%. General Motors’s dividend payout ratio is currently 7.80%.

About General Motors

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.