Institute for Wealth Management LLC. Has $1.45 Million Stock Position in General Electric (NYSE:GE)

Institute for Wealth Management LLC. lifted its position in shares of General Electric (NYSE:GE) by 1.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,332 shares of the conglomerate’s stock after buying an additional 182 shares during the quarter. Institute for Wealth Management LLC.’s holdings in General Electric were worth $1,446,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of GE. Halpern Financial Inc. raised its stake in 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 in the last quarter. CGC Financial Services LLC raised its stake in General Electric by 90.2% in the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 110 shares in the last quarter. Capital Analysts LLC raised its stake in 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 purchasing an additional 87 shares in the last quarter. Macroview Investment Management LLC raised its stake in General Electric by 43.4% in the third quarter. Macroview Investment Management LLC now owns 317 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 96 shares in the last quarter. Finally, Fortis Group Advisors LLC acquired a new position in General Electric in the third quarter valued at about $37,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insiders Place Their Bets

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 56,284 shares in the company, valued at approximately $8,153,863.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 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 directly owns 48,339 shares in the company, valued at approximately $6,552,351.45. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now owns 56,284 shares in the company, valued at $8,153,863.08. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.

General Electric Trading Down 3.2 %

NYSE:GE traded down $4.85 on Friday, reaching $148.09. 7,725,580 shares of the stock traded hands, compared to its average volume of 7,974,870. The firm has a market capitalization of $161.90 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 3.05 and a beta of 1.29. The company’s 50 day moving average is $159.15 and its 200-day moving average is $134.10. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69. General Electric has a 1-year low of $76.87 and a 1-year high of $158.68.

General Electric (NYSE:GE) last released its earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.13. The business had revenue of $19.42 billion during the quarter, compared to the consensus estimate of $17.27 billion. General Electric had a net margin of 13.95% and a return on equity of 10.88%. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.24 EPS. Equities research analysts anticipate that General Electric will post 3.78 EPS for the current fiscal year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Monday, April 15th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.76%. This is a boost from General Electric’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, April 12th. General Electric’s dividend payout ratio is presently 13.38%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Oppenheimer reaffirmed a “market perform” rating on shares of General Electric in a research note on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft decreased their target price on General Electric from $210.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, April 3rd. TheStreet upgraded General Electric from a “c+” rating to a “b+” rating in a research report on Tuesday, January 23rd. Jefferies Financial Group decreased their target price on General Electric from $195.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Finally, TD Cowen upgraded General Electric from a “hold” rating to a “buy” rating and lifted their target price for the company from $175.00 to $180.00 in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, General Electric currently has an average rating of “Moderate Buy” and a consensus target price of $160.07.

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.