Townsquare Capital LLC lowered its holdings in General Electric (NYSE:GE - Free Report) by 32.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,503 shares of the conglomerate's stock after selling 18,098 shares during the quarter. Townsquare Capital LLC's holdings in General Electric were worth $6,255,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Jaffetilchin Investment Partners LLC raised its position in General Electric by 1.9% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 13,648 shares of the conglomerate's stock valued at $2,276,000 after buying an additional 250 shares during the last quarter. Argent Trust Co increased its stake in General Electric by 1.6% in the 4th quarter. Argent Trust Co now owns 10,486 shares of the conglomerate's stock valued at $1,749,000 after buying an additional 166 shares during the last quarter. Legacy Financial Advisors Inc. lifted its position in shares of General Electric by 11.3% during the 4th quarter. Legacy Financial Advisors Inc. now owns 6,805 shares of the conglomerate's stock worth $1,135,000 after buying an additional 689 shares in the last quarter. Scotia Capital Inc. boosted its stake in shares of General Electric by 125.4% in the 4th quarter. Scotia Capital Inc. now owns 43,794 shares of the conglomerate's stock worth $7,305,000 after buying an additional 24,363 shares during the last quarter. Finally, CenterBook Partners LP increased its position in shares of General Electric by 25.8% during the fourth quarter. CenterBook Partners LP now owns 12,315 shares of the conglomerate's stock valued at $2,054,000 after acquiring an additional 2,526 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.
General Electric Trading Up 0.9 %
Shares of GE traded up $1.70 during mid-day trading on Thursday, reaching $184.15. The company's stock had a trading volume of 2,139,258 shares, compared to its average volume of 5,449,932. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. General Electric has a 52 week low of $146.78 and a 52 week high of $214.21. The company's fifty day moving average price is $197.13 and its two-hundred day moving average price is $186.58. The stock has a market cap of $197.64 billion, a PE ratio of 30.71, a P/E/G ratio of 2.59 and a beta of 1.04.
General Electric (NYSE:GE - Get Free Report) last issued its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. On average, analysts predict that General Electric will post 5.4 earnings per share for the current fiscal year.
General Electric Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Monday, March 10th. This is a positive change from General Electric's previous quarterly dividend of $0.28. General Electric's dividend payout ratio (DPR) is 24.04%.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on GE. Wells Fargo & Company lifted their target price on General Electric from $203.00 to $212.00 and gave the stock an "overweight" rating in a research note on Tuesday. Northcoast Research raised General Electric from a "neutral" rating to a "buy" rating and set a $205.00 price objective for the company in a report on Wednesday, April 9th. UBS Group upped their price target on General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Citigroup dropped their price objective on shares of General Electric from $235.00 to $227.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, JPMorgan Chase & Co. boosted their price target on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, General Electric currently has an average rating of "Moderate Buy" and a consensus price target of $213.33.
View Our Latest Stock Analysis on GE
About General Electric
(
Free Report)
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.
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