Smith Anglin Financial LLC Has $582,000 Stock Holdings in General Electric (NYSE:GE)

Smith Anglin Financial LLC boosted its stake in General Electric (NYSE:GE) by 2.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,491 shares of the conglomerate’s stock after purchasing an additional 90 shares during the quarter. Smith Anglin Financial LLC’s holdings in General Electric were worth $582,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GE. Toth Financial Advisory Corp bought a new stake in General Electric in the third quarter valued at about $25,000. Valley Wealth Managers Inc. bought a new stake in shares of General Electric in the third quarter worth about $25,000. O Brien Wealth Partners LLC bought a new stake in shares of General Electric in the third quarter worth about $27,000. Peterson Financial Group Inc. bought a new stake in shares of General Electric in the third quarter worth about $28,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of General Electric in the third quarter worth about $30,000. Institutional investors own 74.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on GE shares. Wells Fargo & Company increased their price target on General Electric from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Royal Bank of Canada decreased their price objective on General Electric from $210.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Citigroup increased their price objective on General Electric from $198.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Melius Research increased their price objective on General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Finally, UBS Group increased their price target on General Electric from $223.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $201.47.

Insider Activity

In other General Electric news, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction dated 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 transaction, the senior vice president now directly owns 148,857 shares of the company’s stock, valued at approximately $26,539,714.53. The trade was a 9.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total value of $1,267,910.00. Following the transaction, the senior vice president now directly owns 13,289 shares in the company, valued at $2,407,036.57. The trade was a 34.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

General Electric Price Performance

Shares of NYSE GE opened at $179.13 on Wednesday. The firm has a market cap of $193.87 billion, a P/E ratio of 31.48, a price-to-earnings-growth ratio of 1.63 and a beta of 1.19. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. General Electric has a 1-year low of $100.95 and a 1-year high of $194.80. The business’s 50 day moving average is $174.37 and its 200-day moving average is $173.74.

General Electric (NYSE:GE) last posted its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The firm had revenue of $9.84 billion for the quarter, compared to analyst estimates of $9.02 billion. During the same quarter last year, the company earned $0.82 EPS. The company’s revenue was up 5.8% on a year-over-year basis. Equities research analysts predict that General Electric will post 4.24 earnings per share for the current year.

General Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.63%. General Electric’s payout ratio is 19.68%.

About General Electric

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.