General Electric (NYSE:GE) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC lessened its holdings in shares of General Electric (NYSE:GE - Free Report) by 5.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 117,836 shares of the conglomerate's stock after selling 7,366 shares during the quarter. Gotham Asset Management LLC's holdings in General Electric were worth $13,027,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in GE. Steward Financial Group LLC bought a new stake in General Electric in the second quarter valued at about $26,000. Global Wealth Management Investment Advisory Inc. increased its holdings in shares of General Electric by 808.1% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 336 shares of the conglomerate's stock valued at $31,000 after acquiring an additional 299 shares during the last quarter. Motco increased its stake in General Electric by 143.0% during the second quarter. Motco now owns 294 shares of the conglomerate's stock valued at $32,000 after purchasing an additional 173 shares during the last quarter. Financial Freedom LLC acquired a new stake in shares of General Electric during the fourth quarter worth $32,000. Finally, Macroview Investment Management LLC lifted its position in shares of General Electric by 43.4% in the 3rd quarter. Macroview Investment Management LLC now owns 317 shares of the conglomerate's stock worth $35,000 after buying an additional 96 shares during the last quarter. 74.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the business's stock in a transaction on Wednesday, February 14th. The shares were 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 owns 56,284 shares of the company's stock, valued at approximately $8,153,863.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other General Electric news, SVP Michael J. Holston sold 22,055 shares of General Electric stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following 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 document filed with the SEC, which is accessible through this link. Also, SVP Michael J. Holston sold 13,601 shares of the company's stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $135.55, for a total value of $1,843,615.55. Following the transaction, the senior vice president now owns 48,339 shares of the company's stock, valued at $6,552,351.45. The disclosure for this sale can be found here. Insiders own 0.67% of the company's stock.

General Electric Stock Up 1.1 %

Shares of General Electric stock traded up $1.63 during midday trading on Wednesday, reaching $155.62. 6,088,572 shares of the company's stock traded hands, compared to its average volume of 5,303,466. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.18. General Electric has a 52 week low of $83.38 and a 52 week high of $156.91. The company's 50 day simple moving average is $134.67 and its 200 day simple moving average is $121.41. The company has a market cap of $169.37 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 2.30 and a beta of 1.25.

General Electric (NYSE:GE - Get Free Report) last posted its earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.13. The company had revenue of $19.42 billion for the quarter, compared to analyst estimates of $17.27 billion. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The business's revenue was up 15.4% compared to the same quarter last year. During the same period last year, the company earned $1.24 earnings per share. Equities analysts expect that General Electric will post 4.53 earnings per share for the current fiscal year.

General Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Thursday, December 28th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, December 27th. This represents a $0.32 annualized dividend and a yield of 0.21%. General Electric's dividend payout ratio (DPR) is presently 3.82%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Citigroup increased their price objective on shares of General Electric from $135.00 to $148.00 and gave the stock a "buy" rating in a research note on Monday, December 11th. Barclays upped their price objective on General Electric from $144.00 to $153.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 24th. TheStreet raised shares of General Electric from a "c+" rating to a "b+" rating in a report on Tuesday, January 23rd. Wells Fargo & Company increased their price objective on shares of General Electric from $144.00 to $148.00 and gave the stock an "overweight" rating in a report on Wednesday, January 24th. Finally, StockNews.com raised shares of General Electric from a "hold" rating to a "buy" rating in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $132.00.

General Electric Profile

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.

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