Apollon Wealth Management LLC Has $2.08 Million Stock Position in General Electric (NYSE:GE)

Apollon Wealth Management LLC lifted its position in shares of General Electric (NYSE:GE - Free Report) by 61.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,327 shares of the conglomerate's stock after acquiring an additional 6,221 shares during the quarter. Apollon Wealth Management LLC's holdings in General Electric were worth $2,084,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Halpern Financial Inc. grew its position in shares of General Electric by 968.4% in the fourth quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate's stock valued at $25,000 after purchasing an additional 184 shares during the period. Criterion Capital Advisors LLC purchased a new stake in General Electric during the 4th quarter worth approximately $27,000. CGC Financial Services LLC raised its holdings in shares of General Electric by 90.2% during the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate's stock valued at $30,000 after acquiring an additional 110 shares during the last quarter. Capital Analysts LLC lifted its position in shares of General Electric by 55.8% in the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate's stock valued at $31,000 after acquiring an additional 87 shares in the last quarter. Finally, Bfsg LLC purchased a new position in shares of 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.

Wall Street Analyst Weigh In

GE has been the subject of a number of research reports. Vertical Research assumed coverage on shares of General Electric in a report on Thursday, April 4th. They set a "buy" rating and a $160.00 target price for the company. Wells Fargo & Company upped their price target on General Electric from $165.00 to $192.00 and gave the company an "overweight" rating in a research report on Monday, April 29th. JPMorgan Chase & Co. reduced their price objective on General Electric from $180.00 to $148.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 2nd. 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 report on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on General Electric from $210.00 to $190.00 and set a "buy" rating on the stock in a report on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $172.29.

Insider Transactions at General Electric

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of General Electric stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction 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 approximately $8,153,863.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.66% of the company's stock.

General Electric Trading Up 0.0 %

Shares of NYSE:GE traded up $0.08 during mid-day trading on Wednesday, reaching $168.86. 4,787,210 shares of the company were exchanged, compared to its average volume of 7,836,464. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.82. The firm's 50-day simple moving average is $162.49 and its 200 day simple moving average is $139.17. General Electric has a 1 year low of $78.17 and a 1 year high of $170.80. The firm has a market cap of $184.84 billion, a price-to-earnings ratio of 55.36, a P/E/G ratio of 2.92 and a beta of 1.25.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, beating the consensus estimate of $0.65 by $0.17. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The business had revenue of $16.10 billion during the quarter, compared to analyst estimates of $15.25 billion. During the same quarter last year, the firm 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 research analysts forecast that General Electric will post 3.96 EPS for the current year.

General Electric Increases Dividend

The business also recently declared 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. This is an increase from General Electric's previous quarterly dividend of $0.08. The ex-dividend date was Friday, April 12th. This represents a $1.12 annualized dividend and a yield of 0.66%. 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.