River Global Investors LLP Lowers Stock Holdings in General Electric (NYSE:GE)

River Global Investors LLP lowered its position in shares of General Electric (NYSE:GE) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,504 shares of the conglomerate’s stock after selling 101 shares during the period. River Global Investors LLP’s holdings in General Electric were worth $1,468,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. National Bank of Canada FI raised its holdings in shares of General Electric by 21.5% in the 4th quarter. National Bank of Canada FI now owns 582,970 shares of the conglomerate’s stock valued at $73,425,000 after acquiring an additional 103,337 shares in the last quarter. TCG Advisory Services LLC bought a new stake in General Electric in the 4th quarter worth approximately $550,000. Forte Capital LLC ADV boosted its stake in General Electric by 2.1% in the fourth quarter. Forte Capital LLC ADV now owns 4,067 shares of the conglomerate’s stock worth $519,000 after buying an additional 83 shares in the last quarter. AJOVista LLC purchased a new stake in General Electric in the fourth quarter worth approximately $87,000. Finally, Baxter Bros Inc. grew its position in General Electric by 5.5% during the fourth quarter. Baxter Bros Inc. now owns 44,113 shares of the conglomerate’s stock valued at $5,630,000 after acquiring an additional 2,289 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

Insider Buying and Selling at General Electric

In related news, SVP Michael J. Holston sold 22,055 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following the sale, the senior vice president now directly owns 56,284 shares of the company’s stock, valued at $8,153,863.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.66% of the company’s stock.

General Electric Trading Up 0.9 %

Shares of General Electric stock traded up $1.47 during midday trading on Friday, reaching $164.11. 3,968,626 shares of the company’s stock traded hands, compared to its average volume of 7,987,890. The company has a market cap of $179.64 billion, a PE ratio of 53.81, a price-to-earnings-growth ratio of 2.92 and a beta of 1.25. The stock has a 50 day moving average of $161.93 and a 200-day moving average of $138.30. General Electric has a 12 month low of $77.93 and a 12 month high of $166.26. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.82 and a current ratio of 1.17.

General Electric (NYSE:GE) last issued its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, topping the consensus estimate of $0.65 by $0.17. The business had revenue of $16.10 billion during the quarter, compared to analyst estimates of $15.25 billion. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 EPS. As a group, equities analysts expect that General Electric will post 3.96 EPS for the current fiscal year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were issued a $0.28 dividend. The ex-dividend date was Friday, April 12th. This is a positive change from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 annualized dividend and a yield of 0.68%. General Electric’s dividend payout ratio (DPR) is 36.72%.

Analyst Upgrades and Downgrades

GE has been the subject of a number of research reports. Barclays cut their price objective on shares of General Electric from $181.00 to $175.00 and set an “overweight” rating for the company in a research note on Wednesday, April 3rd. TD Cowen upgraded shares of General Electric from a “hold” rating to a “buy” rating and upped their price target for the company from $175.00 to $180.00 in a research report on Tuesday, April 9th. JPMorgan Chase & Co. decreased their price objective on General Electric from $180.00 to $148.00 and set an “overweight” rating on the stock in a report on Tuesday, April 2nd. Vertical Research started coverage on General Electric in a research note on Thursday, April 4th. They issued a “buy” rating and a $160.00 target price for the company. Finally, Citigroup raised their price target on General Electric from $120.43 to $186.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, General Electric currently has an average rating of “Moderate Buy” and an average price target of $172.29.

General Electric Company 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.