General Electric (NYSE:GE) Shares Purchased by Herold Advisors Inc.

Herold Advisors Inc. boosted its stake in shares of General Electric (NYSE:GE) by 5.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,879 shares of the conglomerate’s stock after purchasing an additional 137 shares during the quarter. Herold Advisors Inc.’s holdings in General Electric were worth $367,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. WCM Investment Management LLC bought a new stake in General Electric during the fourth quarter worth approximately $520,488,000. Brown Advisory Inc. boosted its stake in shares of General Electric by 265.7% during the 3rd quarter. Brown Advisory Inc. now owns 3,008,425 shares of the conglomerate’s stock worth $332,581,000 after acquiring an additional 2,185,793 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of General Electric by 11,947.8% in the 4th quarter. International Assets Investment Management LLC now owns 1,576,570 shares of the conglomerate’s stock worth $201,218,000 after acquiring an additional 1,563,484 shares during the last quarter. Carmignac Gestion acquired a new position in shares of General Electric in the 3rd quarter worth $133,581,000. Finally, AQR Capital Management LLC raised its position in shares of General Electric by 358.4% during the third quarter. AQR Capital Management LLC now owns 1,456,673 shares of the conglomerate’s stock worth $161,035,000 after purchasing an additional 1,138,896 shares during the period. 74.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at General Electric

In other General Electric news, SVP Michael J. Holston sold 13,601 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the transaction, the senior vice president now directly owns 48,339 shares of the company’s stock, valued at $6,552,351.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, SVP Michael J. Holston sold 13,601 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the completion of the sale, the senior vice president now owns 48,339 shares in the company, valued at approximately $6,552,351.45. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total value of $3,195,107.85. Following the completion of the transaction, the senior vice president now directly owns 56,284 shares in the company, valued at $8,153,863.08. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.

General Electric Stock Up 0.7 %

NYSE GE traded up $1.05 on Friday, reaching $162.31. The stock had a trading volume of 5,896,674 shares, compared to its average volume of 8,112,607. The company has a current ratio of 1.17, a quick ratio of 0.85 and a debt-to-equity ratio of 0.63. General Electric has a 1 year low of $77.28 and a 1 year high of $163.65. The business has a 50 day moving average price of $160.72 and a 200 day moving average price of $136.09. The company has a market capitalization of $177.67 billion, a price-to-earnings ratio of 53.22, a P/E/G ratio of 2.99 and a beta of 1.29.

General Electric (NYSE:GE) last announced its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.17. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The business had revenue of $16.10 billion during the quarter, compared to analyst estimates of $15.25 billion. During the same period in the previous year, the company earned $0.27 EPS. The firm’s revenue was up 11.1% on a year-over-year basis. On average, analysts forecast that General Electric will post 3.95 EPS for the current fiscal year.

General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.69%. This is an increase from General Electric’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, April 12th. General Electric’s payout ratio is currently 36.72%.

Wall Street Analysts Forecast Growth

GE has been the subject of a number of recent analyst reports. StockNews.com began coverage on General Electric in a research report on Sunday, April 21st. They issued a “hold” rating for the company. Citigroup lifted their target price on shares of General Electric from $120.43 to $186.00 and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. reduced their price target on shares of General Electric from $180.00 to $148.00 and set an “overweight” rating for the company in a research report on Tuesday, April 2nd. Wells Fargo & Company lowered their price objective on shares of General Electric from $200.00 to $165.00 and set an “overweight” rating on the stock in a research report on Thursday, April 4th. Finally, Bank of America boosted their target price on shares of General Electric from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $170.00.

About General Electric

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.