NorthRock Partners LLC Has $353,000 Stock Holdings in General Motors (NYSE:GM)

NorthRock Partners LLC cut its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 16.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,866 shares of the auto manufacturer’s stock after selling 1,579 shares during the quarter. NorthRock Partners LLC’s holdings in General Motors were worth $353,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in GM. Norden Group LLC acquired a new stake in General Motors during the first quarter worth about $493,000. Nordea Investment Management AB grew its position in General Motors by 3.6% during the first quarter. Nordea Investment Management AB now owns 100,090 shares of the auto manufacturer’s stock worth $4,532,000 after buying an additional 3,433 shares in the last quarter. Larson Financial Group LLC grew its position in General Motors by 16.5% during the first quarter. Larson Financial Group LLC now owns 2,086 shares of the auto manufacturer’s stock worth $95,000 after buying an additional 296 shares in the last quarter. Catalina Capital Group LLC acquired a new stake in General Motors during the first quarter valued at approximately $230,000. Finally, Csenge Advisory Group boosted its holdings in General Motors by 6.1% during the first quarter. Csenge Advisory Group now owns 9,661 shares of the auto manufacturer’s stock valued at $438,000 after purchasing an additional 559 shares in the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at General Motors

In other General Motors news, EVP Rory Harvey sold 12,795 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $49.02, for a total transaction of $627,210.90. Following the completion of the sale, the executive vice president now owns 8,513 shares in the company, valued at approximately $417,307.26. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Rory Harvey sold 12,795 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $49.02, for a total value of $627,210.90. Following the completion of the transaction, the executive vice president now owns 8,513 shares of the company’s stock, valued at $417,307.26. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mary T. Barra sold 506,824 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $53.33, for a total transaction of $27,028,923.92. Following the completion of the transaction, the chief executive officer now directly owns 694,548 shares of the company’s stock, valued at $37,040,244.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 531,228 shares of company stock worth $28,267,714. Insiders own 0.72% of the company’s stock.

Wall Street Analysts Forecast Growth

GM has been the topic of a number of recent research reports. Morgan Stanley downgraded General Motors from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $47.00 to $42.00 in a report on Wednesday, September 25th. Sanford C. Bernstein lifted their price objective on General Motors from $53.00 to $55.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Wedbush lifted their price objective on General Motors from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Wolfe Research initiated coverage on General Motors in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, Nomura downgraded General Motors from a “neutral” rating to a “reduce” rating and set a $34.00 price objective on the stock. in a report on Monday, August 5th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $56.92.

General Motors Stock Performance

GM stock opened at $53.71 on Wednesday. The company has a 50 day moving average price of $48.46 and a 200 day moving average price of $46.66. The stock has a market capitalization of $59.06 billion, a PE ratio of 5.73, a price-to-earnings-growth ratio of 0.39 and a beta of 1.40. General Motors has a fifty-two week low of $26.30 and a fifty-two week high of $54.29. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 EPS for the quarter, beating the consensus estimate of $2.49 by $0.47. The company had revenue of $48.76 billion during the quarter, compared to analysts’ expectations of $44.67 billion. General Motors had a net margin of 6.06% and a return on equity of 16.30%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.28 EPS. Analysts forecast that General Motors will post 10.34 EPS for the current year.

General Motors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, December 6th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Friday, December 6th. General Motors’s payout ratio is 5.12%.

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.