Mizuho Securities USA LLC Invests $370,000 in General Electric (GE)

Mizuho Securities USA LLC purchased a new stake in shares of General Electric (NYSE:GE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,307 shares of the conglomerate’s stock, valued at approximately $370,000.

A number of other large investors have also modified their holdings of GE. MPS Loria Financial Planners LLC purchased a new stake in shares of General Electric during the second quarter valued at $113,000. Ffcm LLC purchased a new stake in shares of General Electric during the second quarter valued at $114,000. Corbenic Partners LLC grew its holdings in shares of General Electric by 15.7% during the second quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock valued at $144,000 after buying an additional 725 shares during the last quarter. Bristlecone Advisors LLC purchased a new stake in shares of General Electric during the third quarter valued at $164,000. Finally, Tuttle Tactical Management LLC purchased a new stake in shares of General Electric during the second quarter valued at $209,000. 55.63% of the stock is owned by institutional investors.

GE has been the topic of a number of research analyst reports. Argus dropped their price objective on shares of General Electric from $30.00 to $27.00 and set a “buy” rating on the stock in a report on Monday, September 18th. Vetr lowered shares of General Electric from a “buy” rating to a “sell” rating and set a $23.72 price target on the stock. in a report on Tuesday, September 19th. JPMorgan Chase & Co. set a $22.00 price target on shares of General Electric and gave the company a “sell” rating in a report on Tuesday, September 19th. Morgan Stanley decreased their price objective on shares of General Electric from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Monday, October 2nd. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $30.00 price objective (down previously from $33.00) on shares of General Electric in a research report on Thursday, October 5th. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. General Electric currently has a consensus rating of “Hold” and an average price target of $23.19.

In related news, Director Steven M. Mollenkopf acquired 5,500 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was purchased 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 of the company’s stock, valued at approximately $100,320. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman John Leonard Flannery bought 60,000 shares of General Electric stock in a transaction on Wednesday, November 15th. The shares were acquired at an average price of $18.27 per share, for a total transaction 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 disclosure for this purchase can be found here. Insiders have purchased a total of 120,500 shares of company stock valued at $2,183,220 in the last ninety days. 0.36% of the stock is currently owned by corporate insiders.

Shares of General Electric (NYSE:GE) opened at $18.76 on Friday. General Electric has a one year low of $17.25 and a one year high of $31.47. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 1.14. The firm has a market cap of $162,690.00, a P/E ratio of 21.81, a PEG ratio of 2.14 and a beta of 1.07.

General Electric (NYSE:GE) last posted its quarterly earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.20). General Electric had a net margin of 6.08% and a return on equity of 13.72%. The firm had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $32.51 billion. During the same period last year, the company earned $0.32 EPS. The business’s quarterly revenue was up 11.5% on a year-over-year basis. sell-side analysts forecast that General Electric will post 1.07 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Wednesday, December 27th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, December 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.56%. General Electric’s payout ratio is currently 55.81%.

COPYRIGHT VIOLATION NOTICE: “Mizuho Securities USA LLC Invests $370,000 in General Electric (GE)” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/01/14/mizuho-securities-usa-llc-invests-370000-in-general-electric-ge-stock.html.

General Electric Company Profile

Institutional Ownership by Quarter for General Electric (NYSE:GE)

Receive News & Ratings for General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply