General Motors (NYSE:GM) Position Increased by Pinnacle Bancorp Inc.

Pinnacle Bancorp Inc. grew its holdings in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 16.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,830 shares of the auto manufacturer’s stock after purchasing an additional 950 shares during the period. Pinnacle Bancorp Inc.’s holdings in General Motors were worth $306,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Sendero Wealth Management LLC lifted its holdings in shares of General Motors by 7.0% in the 3rd quarter. Sendero Wealth Management LLC now owns 8,118 shares of the auto manufacturer’s stock worth $364,000 after purchasing an additional 530 shares during the last quarter. USA Financial Formulas increased its position in General Motors by 232.7% in the third quarter. USA Financial Formulas now owns 28,756 shares of the auto manufacturer’s stock worth $1,289,000 after buying an additional 20,114 shares during the period. Bruce G. Allen Investments LLC lifted its stake in General Motors by 22.0% in the third quarter. Bruce G. Allen Investments LLC now owns 1,375 shares of the auto manufacturer’s stock valued at $62,000 after buying an additional 248 shares during the last quarter. Wedmont Private Capital boosted its holdings in shares of General Motors by 8.7% during the third quarter. Wedmont Private Capital now owns 8,886 shares of the auto manufacturer’s stock valued at $409,000 after acquiring an additional 712 shares during the period. Finally, CWM LLC grew its position in shares of General Motors by 17.8% during the third quarter. CWM LLC now owns 57,583 shares of the auto manufacturer’s stock worth $2,582,000 after acquiring an additional 8,700 shares during the last quarter. 92.67% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Paul A. Jacobson purchased 25,000 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were bought at an average price of $44.11 per share, with a total value of $1,102,750.00. Following the completion of the transaction, the chief financial officer now directly owns 261,872 shares in the company, valued at $11,551,173.92. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other General Motors news, CFO Paul A. Jacobson acquired 25,000 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were acquired at an average cost of $44.11 per share, for a total transaction of $1,102,750.00. Following the completion of the purchase, the chief financial officer now owns 261,872 shares of the company’s stock, valued at approximately $11,551,173.92. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Rory Harvey sold 2,302 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $47.31, for a total value of $108,907.62. Following the transaction, the executive vice president now directly owns 10,356 shares of the company’s stock, valued at $489,942.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on General Motors from $53.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. increased their price target on General Motors from $60.00 to $61.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Sanford C. Bernstein cut shares of General Motors from an “outperform” rating to a “market perform” rating and set a $53.00 price objective on the stock. in a research note on Monday, September 23rd. DZ Bank lowered shares of General Motors from a “buy” rating to a “hold” rating and set a $49.00 target price for the company. in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $53.00 price target on shares of General Motors in a research report on Tuesday, September 10th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $55.16.

General Motors Stock Up 0.4 %

General Motors stock opened at $47.87 on Friday. General Motors has a twelve month low of $26.30 and a twelve month high of $50.50. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.18. The firm has a market cap of $53.80 billion, a PE ratio of 5.38, a P/E/G ratio of 0.56 and a beta of 1.42. The firm’s 50 day moving average price is $46.27 and its two-hundred day moving average price is $45.79.

General Motors (NYSE:GM) (TSE:GMM.U) last issued its earnings results on Tuesday, July 23rd. The auto manufacturer reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.67 by $0.39. General Motors had a return on equity of 15.77% and a net margin of 6.22%. The firm had revenue of $47.97 billion for the quarter, compared to the consensus estimate of $45.13 billion. During the same quarter in the previous year, the company posted $1.91 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, research analysts predict that General Motors will post 9.95 EPS for the current fiscal year.

General Motors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, September 6th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, September 6th. This represents a $0.48 annualized dividend and a dividend yield of 1.00%. General Motors’s dividend payout ratio (DPR) is presently 5.39%.

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.