General Electric (NYSE:GE) Holdings Raised by GSA Capital Partners LLP

GSA Capital Partners LLP boosted its holdings in shares of General Electric (NYSE:GE) by 186.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,082 shares of the conglomerate’s stock after buying an additional 3,960 shares during the period. GSA Capital Partners LLP’s holdings in General Electric were worth $1,068,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of GE. Norges Bank acquired a new position in General Electric in the 4th quarter worth about $1,193,159,000. WCM Investment Management LLC acquired a new position in shares of General Electric during the 4th quarter valued at about $520,488,000. Lone Pine Capital LLC acquired a new position in shares of General Electric during the 4th quarter valued at about $268,519,000. Brown Advisory Inc. increased its holdings in shares of General Electric by 62.3% during the 4th quarter. Brown Advisory Inc. now owns 4,881,752 shares of the conglomerate’s stock valued at $623,058,000 after acquiring an additional 1,873,327 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of General Electric by 11,947.8% during the 4th quarter. International Assets Investment Management LLC now owns 1,576,570 shares of the conglomerate’s stock valued at $201,218,000 after acquiring an additional 1,563,484 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Royal Bank of Canada increased their price objective on General Electric from $165.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. StockNews.com assumed coverage on General Electric in a report on Monday, April 29th. They set a “hold” rating on the stock. Bank of America increased their price objective on General Electric from $165.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Argus increased their target price on General Electric from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Finally, JPMorgan Chase & Co. increased their target price on General Electric from $148.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, May 13th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $181.93.

Insider Activity

In other news, SVP Russell Stokes sold 45,309 shares of General Electric stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $162.82, for a total value of $7,377,211.38. Following the completion of the sale, the senior vice president now directly owns 112,958 shares of the company’s stock, valued at approximately $18,391,821.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.66% of the company’s stock.

General Electric Price Performance

GE stock traded up $2.39 during midday trading on Wednesday, reaching $165.52. 1,255,503 shares of the company’s stock traded hands, compared to its average volume of 7,149,892. The company has a 50-day simple moving average of $162.59 and a two-hundred day simple moving average of $153.44. General Electric has a 1-year low of $84.42 and a 1-year high of $170.80. The company has a market cap of $181.18 billion, a price-to-earnings ratio of 53.90, a PEG ratio of 1.73 and a beta of 1.21. The company has a quick ratio of 0.82, a current ratio of 1.17 and a debt-to-equity ratio of 0.63.

General Electric (NYSE:GE) last released its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The firm had revenue of $16.10 billion during the quarter, compared to analysts’ expectations of $15.25 billion. During the same period last year, the firm posted $0.27 EPS. The business’s revenue was up 11.1% on a year-over-year basis. On average, analysts anticipate that General Electric will post 4.02 earnings per share for the current year.

General Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.12 dividend on an annualized basis and a yield of 0.68%. General Electric’s dividend payout ratio is 36.72%.

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.