Metis Global Partners LLC Sells 4,357 Shares of General Electric (NYSE:GE)

Metis Global Partners LLC decreased its holdings in General Electric (NYSE:GE) by 9.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 41,576 shares of the conglomerate’s stock after selling 4,357 shares during the period. Metis Global Partners LLC’s holdings in General Electric were worth $5,306,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. WCM Investment Management LLC acquired a new stake in shares of General Electric in the fourth quarter valued at approximately $520,488,000. International Assets Investment Management LLC grew its position in General Electric by 11,947.8% during the fourth quarter. International Assets Investment Management LLC now owns 1,576,570 shares of the conglomerate’s stock worth $201,218,000 after buying an additional 1,563,484 shares in the last quarter. Carmignac Gestion bought a new position in General Electric during the 3rd quarter worth $133,581,000. AQR Capital Management LLC raised its holdings in General Electric by 358.4% in the 3rd quarter. AQR Capital Management LLC now owns 1,456,673 shares of the conglomerate’s stock valued at $161,035,000 after acquiring an additional 1,138,896 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of General Electric by 30.5% during the 3rd quarter. Barclays PLC now owns 2,990,039 shares of the conglomerate’s stock valued at $330,548,000 after acquiring an additional 699,585 shares during the period. Institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Royal Bank of Canada raised their price target on General Electric from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Vertical Research began coverage on shares of General Electric in a research report on Thursday, April 4th. They issued a “buy” rating and a $160.00 target price for the company. Deutsche Bank Aktiengesellschaft reduced their price target on shares of General Electric from $210.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, April 3rd. TheStreet upgraded shares of General Electric from a “c+” rating to a “b+” rating in a research report on Tuesday, January 23rd. Finally, Bank of America upped their target price on General Electric from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $172.29.

General Electric Price Performance

Shares of NYSE GE traded up $1.47 during mid-day trading on Friday, hitting $164.11. 3,968,626 shares of the stock traded hands, compared to its average volume of 7,987,890. The company has a market cap of $179.64 billion, a PE ratio of 53.81, a price-to-earnings-growth ratio of 2.92 and a beta of 1.25. General Electric has a twelve month low of $77.93 and a twelve month high of $166.26. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.82. The firm has a 50 day simple moving average of $161.93 and a two-hundred day simple moving average of $138.30.

General Electric (NYSE:GE) last announced its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The firm had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.25 billion. During the same period last year, the firm posted $0.27 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, equities research analysts forecast that General Electric will post 3.96 EPS for the current fiscal year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were given a $0.28 dividend. This is a boost from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Friday, April 12th. General Electric’s dividend payout ratio is 36.72%.

Insider Activity

In related news, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the completion of the transaction, the senior vice president now directly owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.66% of the company’s stock.

General Electric Company Profile

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.