General Electric (NYSE:GE) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC increased its position in shares of General Electric (NYSE:GE) by 616.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 445,850 shares of the conglomerate’s stock after purchasing an additional 383,632 shares during the quarter. SG Americas Securities LLC’s holdings in General Electric were worth $74,363,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Toth Financial Advisory Corp purchased a new position in General Electric during the third quarter worth $25,000. Valley Wealth Managers Inc. purchased a new position in General Electric during the third quarter worth $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of General Electric in the third quarter valued at $27,000. Peterson Financial Group Inc. purchased a new stake in shares of General Electric in the third quarter valued at $28,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in shares of General Electric in the third quarter valued at $30,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Riccardo Procacci sold 7,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total value of $1,267,910.00. Following the transaction, the senior vice president now owns 13,289 shares in the company, valued at approximately $2,407,036.57. The trade was a 34.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Russell Stokes sold 15,550 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the sale, the senior vice president now owns 148,857 shares in the company, valued at $26,539,714.53. The trade was a 9.46 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Sanford C. Bernstein lifted their price objective on General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. UBS Group lifted their price objective on General Electric from $223.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Citigroup lifted their price objective on General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lowered their price objective on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Finally, Melius Research lifted their price objective on General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, General Electric currently has an average rating of “Moderate Buy” and an average price target of $201.47.

General Electric Trading Up 0.4 %

Shares of GE opened at $188.20 on Thursday. The stock’s 50-day moving average is $174.39 and its two-hundred day moving average is $174.49. The stock has a market cap of $203.69 billion, a PE ratio of 33.08, a P/E/G ratio of 1.53 and a beta of 1.19. General Electric has a 12 month low of $101.16 and a 12 month high of $194.80. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85.

General Electric (NYSE:GE) last issued its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. The company had revenue of $9.84 billion for the quarter, compared to analysts’ expectations of $9.02 billion. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 earnings per share. Equities analysts forecast that General Electric will post 4.23 earnings per share for the current fiscal year.

General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Friday, December 27th. General Electric’s dividend payout ratio is presently 19.68%.

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.