General Electric (NYSE:GE) Shares Acquired by Krilogy Financial LLC

Krilogy Financial LLC increased its stake in shares of General Electric (NYSE:GE) by 21.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,082 shares of the conglomerate’s stock after buying an additional 4,329 shares during the quarter. Krilogy Financial LLC’s holdings in General Electric were worth $4,017,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in GE. Hanseatic Management Services Inc. grew its position in General Electric by 1.1% in the 4th quarter. Hanseatic Management Services Inc. now owns 6,540 shares of the conglomerate’s stock worth $1,091,000 after purchasing an additional 69 shares during the last quarter. Ameritas Advisory Services LLC boosted its position in shares of General Electric by 9.4% during the fourth quarter. Ameritas Advisory Services LLC now owns 11,745 shares of the conglomerate’s stock worth $1,959,000 after buying an additional 1,007 shares during the period. HB Wealth Management LLC grew its holdings in General Electric by 6.4% in the 4th quarter. HB Wealth Management LLC now owns 21,652 shares of the conglomerate’s stock worth $3,612,000 after buying an additional 1,298 shares in the last quarter. Trust Co. of Vermont increased its position in General Electric by 13.1% in the 4th quarter. Trust Co. of Vermont now owns 7,910 shares of the conglomerate’s stock valued at $1,319,000 after acquiring an additional 917 shares during the period. Finally, Westend Capital Management LLC raised its stake in General Electric by 0.5% during the 4th quarter. Westend Capital Management LLC now owns 79,607 shares of the conglomerate’s stock valued at $13,278,000 after acquiring an additional 378 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

General Electric Stock Up 1.7 %

Shares of NYSE:GE opened at $182.83 on Friday. The firm has a 50 day simple moving average of $174.33 and a 200 day simple moving average of $174.00. General Electric has a 52 week low of $101.16 and a 52 week high of $194.80. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13. The company has a market cap of $197.87 billion, a PE ratio of 32.13, a price-to-earnings-growth ratio of 1.40 and a beta of 1.19.

General Electric (NYSE:GE) last issued its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. The business had revenue of $9.84 billion during the quarter, compared to analysts’ expectations of $9.02 billion. General Electric had a return on equity of 18.93% and a net margin of 11.48%. General Electric’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.82 earnings per share. As a group, research analysts expect that General Electric will post 4.23 earnings per share for the current year.

General Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be issued a $0.28 dividend. The ex-dividend date is Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.61%. General Electric’s dividend payout ratio is 19.68%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GE shares. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Wells Fargo & Company increased their price objective on shares of General Electric from $210.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Royal Bank of Canada lowered their price objective on shares of General Electric from $210.00 to $200.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Sanford C. Bernstein upped their target price on General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Citigroup increased their price target on General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.47.

Insider Buying and Selling

In other news, SVP Riccardo Procacci sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the completion of the sale, the senior vice president now directly owns 13,289 shares of the company’s stock, valued at $2,407,036.57. This trade represents a 34.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the sale, the senior vice president now owns 148,857 shares of the company’s stock, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

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.