Calamos Wealth Management LLC Has $2.68 Million Stock Holdings in General Electric (NYSE:GE)

Calamos Wealth Management LLC lifted its holdings in General Electric (NYSE:GE) by 29.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,089 shares of the conglomerate’s stock after acquiring an additional 3,663 shares during the period. Calamos Wealth Management LLC’s holdings in General Electric were worth $2,683,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Toth Financial Advisory Corp acquired a new stake in General Electric during the third quarter worth approximately $25,000. Valley Wealth Managers Inc. bought a new position in shares of General Electric in the third quarter worth $25,000. O Brien Wealth Partners LLC acquired a new position in General Electric in the third quarter valued at about $27,000. Peterson Financial Group Inc. acquired a new stake in General Electric during the third quarter worth about $28,000. Finally, Sugar Maple Asset Management LLC bought a new position in General Electric in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Trading Up 0.2 %

NYSE GE opened at $204.03 on Tuesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. General Electric has a fifty-two week low of $108.60 and a fifty-two week high of $207.65. The stock has a market cap of $220.81 billion, a P/E ratio of 34.06, a price-to-earnings-growth ratio of 2.53 and a beta of 1.21. The stock has a 50 day simple moving average of $177.41 and a two-hundred day simple moving average of $176.54.

General Electric (NYSE:GE) last issued its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, analysts forecast that General Electric will post 5.39 earnings per share for the current year.

General Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Friday, December 27th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, December 27th. General Electric’s payout ratio is presently 18.70%.

Analyst Ratings Changes

Several analysts recently weighed in on GE shares. Sanford C. Bernstein raised their price objective on General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Wells Fargo & Company raised their target price on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Citigroup boosted their price target on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, UBS Group lifted their price objective on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $208.73.

Insider Activity at General Electric

In related news, SVP Russell Stokes sold 15,550 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the sale, the senior vice president now directly owns 148,857 shares of the company’s stock, valued at $26,539,714.53. This trade represents a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction that occurred on 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 owns 13,289 shares of the company’s stock, valued at $2,407,036.57. This represents a 34.50 % 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 Company 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.