Robeco Institutional Asset Management B.V. trimmed its position in General Electric Company (NYSE:GE) by 5.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 515,943 shares of the conglomerate’s stock after selling 29,647 shares during the period. Robeco Institutional Asset Management B.V. owned 0.76% of General Electric worth $13,936,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Boston Partners grew its stake in shares of General Electric by 7,892.3% in the second quarter. Boston Partners now owns 14,228,611 shares of the conglomerate’s stock worth $384,315,000 after acquiring an additional 14,050,581 shares during the last quarter. Harris Associates L P grew its stake in shares of General Electric by 26.4% in the first quarter. Harris Associates L P now owns 46,376,143 shares of the conglomerate’s stock worth $1,382,009,000 after acquiring an additional 9,681,420 shares during the last quarter. First Trust Advisors LP grew its stake in shares of General Electric by 417.3% in the second quarter. First Trust Advisors LP now owns 4,452,413 shares of the conglomerate’s stock worth $120,260,000 after acquiring an additional 3,591,689 shares during the last quarter. State of Wisconsin Investment Board grew its stake in shares of General Electric by 30.4% in the second quarter. State of Wisconsin Investment Board now owns 11,020,282 shares of the conglomerate’s stock worth $297,658,000 after acquiring an additional 2,570,080 shares during the last quarter. Finally, UBS Oconnor LLC grew its stake in shares of General Electric by 795.5% in the first quarter. UBS Oconnor LLC now owns 2,025,000 shares of the conglomerate’s stock worth $60,345,000 after acquiring an additional 1,798,877 shares during the last quarter. 55.74% of the stock is currently owned by institutional investors.
In other news, Chairman John Leonard Flannery bought 60,000 shares of the stock in a transaction on Wednesday, November 15th. The shares were bought at an average price of $18.27 per share, with a total value of $1,096,200.00. Following the completion of the acquisition, the chairman now owns 575,477 shares in the company, valued at $10,513,964.79. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Francisco Dsouza bought 55,000 shares of the stock in a transaction on Monday, November 20th. The stock was purchased at an average cost of $17.94 per share, for a total transaction of $986,700.00. The disclosure for this purchase can be found here. In the last three months, insiders acquired 120,500 shares of company stock worth $2,183,220. 0.36% of the stock is owned by corporate insiders.
Shares of General Electric Company (NYSE GE) traded down $0.20 during trading hours on Tuesday, hitting $17.75. The stock had a trading volume of 14,585,562 shares, compared to its average volume of 45,027,035. The company has a market capitalization of $155,056.88, a P/E ratio of 14.42, a P/E/G ratio of 1.94 and a beta of 1.06. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.53 and a current ratio of 1.86. General Electric Company has a 1 year low of $17.46 and a 1 year high of $32.38.
General Electric (NYSE:GE) last announced its quarterly earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.20). The business had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $32.51 billion. General Electric had a net margin of 6.08% and a return on equity of 13.72%. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 earnings per share. sell-side analysts expect that General Electric Company will post 1.07 EPS for the current year.
A number of equities research analysts have recently commented on the company. Goldman Sachs Group set a $19.00 target price on General Electric and gave the stock a “neutral” rating in a research note on Thursday, November 30th. Deutsche Bank cut their target price on General Electric from $18.00 to $15.00 and set a “sell” rating on the stock in a research note on Tuesday, November 21st. J P Morgan Chase & Co set a $17.00 target price on General Electric and gave the stock a “sell” rating in a research note on Wednesday, November 15th. Bank of America reissued a “buy” rating and issued a $23.00 target price (down from $27.00) on shares of General Electric in a research note on Tuesday, November 14th. Finally, Morningstar reissued a “buy” rating on shares of General Electric in a research note on Tuesday, November 14th. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $24.31.
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