Catalyst Financial Partners LLC Increases Stock Holdings in General Electric (NYSE:GE)

Catalyst Financial Partners LLC grew its stake in shares of General Electric (NYSE:GE) by 5.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,854 shares of the conglomerate’s stock after buying an additional 233 shares during the quarter. Catalyst Financial Partners LLC’s holdings in General Electric were worth $620,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Halpern Financial Inc. increased its holdings in General Electric by 968.4% in the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 184 shares in the last quarter. Criterion Capital Advisors LLC purchased a new stake in shares of General Electric in the fourth quarter worth about $27,000. CGC Financial Services LLC raised its holdings in shares of General Electric by 90.2% during the 4th quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock valued at $30,000 after buying an additional 110 shares during the period. Capital Analysts LLC lifted its position in General Electric by 55.8% during the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 87 shares in the last quarter. Finally, Bfsg LLC acquired a new stake in General Electric in the fourth quarter valued at approximately $32,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at General Electric

In related news, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction dated 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 owns 56,284 shares in the company, valued at approximately $8,153,863.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.66% of the company’s stock.

General Electric Stock Performance

NYSE GE traded down $1.36 during trading hours on Thursday, hitting $167.50. The company had a trading volume of 4,902,984 shares, compared to its average volume of 7,805,056. The company has a quick ratio of 0.82, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. General Electric has a fifty-two week low of $78.17 and a fifty-two week high of $170.80. The business has a fifty day simple moving average of $162.76 and a 200-day simple moving average of $139.38. The firm has a market cap of $183.35 billion, a P/E ratio of 54.92, a price-to-earnings-growth ratio of 2.92 and a beta of 1.25.

General Electric (NYSE:GE) last released its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share 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 company had revenue of $16.10 billion for the quarter, compared to analysts’ expectations of $15.25 billion. During the same quarter in the previous year, the company posted $0.27 earnings per share. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. Equities analysts predict that General Electric will post 3.96 EPS for the current year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Monday, April 15th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.67%. This is a positive change from General Electric’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, April 12th. General Electric’s dividend payout ratio (DPR) is 36.72%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GE shares. Wells Fargo & Company upped their price objective on shares of General Electric from $165.00 to $192.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. Royal Bank of Canada upped their target price on General Electric from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. StockNews.com assumed coverage on shares of General Electric in a research report on Monday, April 29th. They set a “hold” rating for the company. Vertical Research assumed coverage on shares of General Electric in a report on Thursday, April 4th. They issued a “buy” rating and a $160.00 price target on the stock. Finally, Jefferies Financial Group raised their price objective on shares of General Electric from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $172.29.

General Electric 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.