General Electric (NYSE:GE) is Certuity LLC's 5th Largest Position

Certuity LLC lessened its holdings in shares of General Electric (NYSE:GE - Free Report) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 308,181 shares of the conglomerate's stock after selling 8,711 shares during the quarter. General Electric comprises 4.0% of Certuity LLC's portfolio, making the stock its 5th biggest holding. Certuity LLC's holdings in General Electric were worth $39,333,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Northern Trust Corp boosted its position in shares of General Electric by 4.0% during the 3rd quarter. Northern Trust Corp now owns 10,588,433 shares of the conglomerate's stock valued at $1,170,551,000 after acquiring an additional 410,061 shares during the last quarter. Morgan Stanley lifted its holdings in shares of General Electric by 5.1% in the 3rd quarter. Morgan Stanley now owns 8,955,511 shares of the conglomerate's stock valued at $990,032,000 after acquiring an additional 434,736 shares during the last quarter. WCM Investment Management LLC purchased a new position in General Electric in the fourth quarter worth about $520,488,000. Meritage Group LP increased its stake in General Electric by 3.5% during the third quarter. Meritage Group LP now owns 3,294,044 shares of the conglomerate's stock worth $364,157,000 after acquiring an additional 110,000 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in General Electric by 1.1% during the third quarter. Ameriprise Financial Inc. now owns 3,074,080 shares of the conglomerate's stock valued at $339,848,000 after purchasing an additional 32,643 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at General Electric

In related news, SVP Michael J. Holston sold 13,601 shares of the company's stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the sale, the senior vice president now directly owns 48,339 shares in the company, valued at $6,552,351.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Michael J. Holston sold 13,601 shares of the stock in a transaction on Friday, February 2nd. The shares were 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 directly owns 48,339 shares of the company's stock, valued at approximately $6,552,351.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael J. Holston sold 22,055 shares of the company's 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 sale, the senior vice president now directly owns 56,284 shares of the company's stock, valued at $8,153,863.08. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GE. Jefferies Financial Group upped their price objective on General Electric from $180.00 to $185.00 and gave the company a "buy" rating in a research report on Monday. Barclays dropped their price target on General Electric from $181.00 to $175.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft decreased their price objective on General Electric from $210.00 to $190.00 and set a "buy" rating for the company in a report on Wednesday, April 3rd. Bank of America raised their target price on shares of General Electric from $165.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, April 24th. Finally, Oppenheimer reaffirmed a "market perform" rating on shares of General Electric in a research report on Tuesday, March 5th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $172.29.

General Electric Trading Down 1.7 %

Shares of GE stock traded down $2.74 on Tuesday, hitting $161.75. 6,722,311 shares of the stock traded hands, compared to its average volume of 8,063,052. General Electric has a twelve month low of $77.93 and a twelve month high of $166.26. The stock has a market capitalization of $177.05 billion, a PE ratio of 53.03, a PEG ratio of 2.90 and a beta of 1.29. The firm's 50-day moving average price is $161.29 and its two-hundred day moving average price is $137.17. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.82 and a current ratio of 1.17.

General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.17. The firm had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.25 billion. General Electric had a net margin of 5.05% and a return on equity of 12.54%. General Electric's revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 EPS. As a group, analysts anticipate that General Electric will post 3.93 EPS for the current year.

General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were issued a dividend of $0.28 per share. The ex-dividend date was Friday, April 12th. This is a positive change from General Electric's previous quarterly dividend of $0.08. This represents a $1.12 dividend on an annualized basis and a yield of 0.69%. General Electric's dividend payout ratio is 36.72%.

About General Electric

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.