Strategic Wealth Advisors Group LLC purchased a new position in shares of General Electric Company (NYSE:GE) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 198,312 shares of the conglomerate’s stock, valued at approximately $5,356,000. Strategic Wealth Advisors Group LLC owned approximately 0.29% of General Electric at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of GE. Ullmann Financial Group Inc. acquired a new position in shares of General Electric in the first quarter valued at about $106,000. Ffcm LLC acquired a new stake in General Electric during the second quarter worth about $114,000. PHH Investments Ltd. grew its stake in General Electric by 105.0% during the first quarter. PHH Investments Ltd. now owns 3,905 shares of the conglomerate’s stock worth $116,000 after buying an additional 2,000 shares in the last quarter. Corbenic Partners LLC grew its stake in General Electric by 15.7% during the second quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock worth $144,000 after buying an additional 725 shares in the last quarter. Finally, Tuttle Tactical Management LLC acquired a new stake in General Electric during the second quarter worth about $209,000. 55.74% of the stock is currently owned by institutional investors.
In other General Electric news, Director Steven M. Mollenkopf purchased 5,500 shares of General Electric stock in a transaction that occurred on Thursday, November 16th. The stock was acquired at an average price of $18.24 per share, with a total value of $100,320.00. Following the transaction, the director now owns 5,500 shares in the company, valued at approximately $100,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman John Leonard Flannery purchased 60,000 shares of General Electric stock in a transaction that occurred on Wednesday, November 15th. The stock was acquired at an average cost of $18.27 per share, with a total value of $1,096,200.00. Following the transaction, the chairman now owns 575,477 shares in the company, valued at approximately $10,513,964.79. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 120,500 shares of company stock valued at $2,183,220. Insiders own 0.36% of the company’s stock.
General Electric Company (NYSE GE) traded up $0.26 during trading on Wednesday, reaching $17.91. 66,832,300 shares of the company’s stock traded hands, compared to its average volume of 45,339,199. The company has a current ratio of 1.86, a quick ratio of 1.53 and a debt-to-equity ratio of 1.14. General Electric Company has a 52-week low of $17.46 and a 52-week high of $32.38. The company has a market cap of $153,062.30, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 1.91 and a beta of 1.06.
General Electric (NYSE:GE) last released its quarterly earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.20). General Electric had a return on equity of 13.72% and a net margin of 6.08%. The firm had revenue of $33.47 billion for the quarter, compared to the consensus estimate of $32.51 billion. During the same quarter in the previous year, the business posted $0.32 EPS. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. equities research analysts expect that General Electric Company will post 1.07 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Wednesday, December 27th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Tuesday, December 26th. General Electric’s dividend payout ratio (DPR) is 120.00%.
A number of brokerages have issued reports on GE. Stifel Nicolaus set a $18.00 price objective on shares of General Electric and gave the stock a “neutral” rating in a research note on Monday. Goldman Sachs Group set a $19.00 price objective on shares of General Electric and gave the stock a “neutral” rating in a research note on Thursday, November 30th. Deutsche Bank reduced their price objective on shares of 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 price objective on shares of General Electric and gave the stock a “sell” rating in a research note on Wednesday, November 15th. Finally, Bank of America restated a “buy” rating and issued a $23.00 price target (down from $27.00) on shares of General Electric in a research note on Tuesday, November 14th. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $23.39.
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General Electric Company Profile
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