Revolve Wealth Partners LLC Purchases 111 Shares of General Electric (NYSE:GE)

Revolve Wealth Partners LLC grew its position in General Electric (NYSE:GE) by 6.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,791 shares of the conglomerate’s stock after buying an additional 111 shares during the period. Revolve Wealth Partners LLC’s holdings in General Electric were worth $285,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of GE. CAP Partners LLC purchased a new stake in General Electric in the second quarter valued at about $229,000. Hoylecohen LLC raised its position in shares of General Electric by 18.4% in the 2nd quarter. Hoylecohen LLC now owns 7,588 shares of the conglomerate’s stock valued at $1,206,000 after purchasing an additional 1,181 shares during the last quarter. TCW Group Inc. boosted its stake in General Electric by 23.9% in the 2nd quarter. TCW Group Inc. now owns 689,188 shares of the conglomerate’s stock worth $109,560,000 after purchasing an additional 132,994 shares in the last quarter. Tyche Wealth Partners LLC grew its position in General Electric by 3.2% during the 2nd quarter. Tyche Wealth Partners LLC now owns 3,194 shares of the conglomerate’s stock worth $508,000 after purchasing an additional 100 shares during the last quarter. Finally, Petra Financial Advisors Inc. increased its stake in General Electric by 23.6% during the 2nd quarter. Petra Financial Advisors Inc. now owns 7,145 shares of the conglomerate’s stock valued at $1,136,000 after purchasing an additional 1,362 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

GE has been the topic of a number of research reports. Argus increased their price objective on General Electric from $170.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft raised their price target on shares of General Electric from $195.00 to $209.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Citigroup upped their price objective on shares of General Electric from $120.43 to $186.00 and gave the company a “buy” rating in a report on Thursday, April 25th. The Goldman Sachs Group raised their target price on shares of General Electric from $190.00 to $211.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Bank of America upped their price target on shares of General Electric from $165.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $190.38.

Insider Activity at General Electric

In other General Electric news, SVP Russell Stokes sold 45,309 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $162.82, for a total value of $7,377,211.38. Following the transaction, the senior vice president now directly owns 112,958 shares in the company, valued at approximately $18,391,821.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.66% of the stock is currently owned by insiders.

General Electric Price Performance

Shares of NYSE:GE traded down $0.52 during trading on Friday, reaching $169.42. The stock had a trading volume of 3,305,648 shares, compared to its average volume of 6,935,916. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.14. General Electric has a 1-year low of $84.42 and a 1-year high of $177.20. The stock has a market cap of $185.45 billion, a PE ratio of 55.55, a PEG ratio of 1.70 and a beta of 1.21. The business has a fifty day moving average price of $163.24 and a 200-day moving average price of $160.31.

General Electric (NYSE:GE) last posted its quarterly earnings results on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.21. The firm had revenue of $9.09 billion for the quarter, compared to analyst estimates of $8.44 billion. General Electric had a net margin of 7.66% and a return on equity of 16.07%. General Electric’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 earnings per share. On average, equities analysts forecast that General Electric will post 4.15 earnings per share for the current fiscal year.

General Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, July 11th. This represents a $1.12 annualized dividend and a dividend yield of 0.66%. General Electric’s payout ratio is 36.72%.

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.