Taylor Financial Group Inc. Buys New Shares in General Electric (NYSE:GE)

Taylor Financial Group Inc. bought a new stake in General Electric (NYSE:GE) during the 4th quarter, HoldingsChannel reports. The firm bought 4,548 shares of the conglomerate’s stock, valued at approximately $580,000.

Several other hedge funds and other institutional investors have also bought and sold shares of GE. Great Valley Advisor Group Inc. grew its holdings in shares of General Electric by 1.7% during the 4th quarter. Great Valley Advisor Group Inc. now owns 4,316 shares of the conglomerate’s stock valued at $550,000 after purchasing an additional 74 shares during the last quarter. Checchi Capital Advisers LLC increased its position in shares of General Electric by 1.2% in the fourth quarter. Checchi Capital Advisers LLC now owns 6,377 shares of the conglomerate’s stock valued at $814,000 after acquiring an additional 75 shares during the period. Forte Capital LLC ADV increased its position in shares of General Electric by 2.1% in the fourth quarter. Forte Capital LLC ADV now owns 4,067 shares of the conglomerate’s stock valued at $519,000 after acquiring an additional 83 shares during the period. Atlas Brown Inc. increased its position in shares of General Electric by 1.0% in the fourth quarter. Atlas Brown Inc. now owns 8,322 shares of the conglomerate’s stock valued at $1,062,000 after acquiring an additional 85 shares during the period. Finally, Capital Analysts LLC increased its position in shares of General Electric by 55.8% in the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 87 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Stock Up 0.1 %

NYSE:GE traded up $0.17 during mid-day trading on Friday, hitting $155.86. 6,246,342 shares of the company’s stock were exchanged, compared to its average volume of 7,356,554. General Electric has a one year low of $82.11 and a one year high of $170.80. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.82. The business has a fifty day moving average price of $160.85 and a 200 day moving average price of $148.01. The company has a market cap of $170.61 billion, a PE ratio of 51.20, a P/E/G ratio of 1.72 and a beta of 1.23.

General Electric (NYSE:GE) last posted 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. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The business had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.25 billion. During the same quarter in the previous year, the firm posted $0.27 earnings per share. General Electric’s quarterly revenue was up 11.1% on a year-over-year basis. Equities analysts predict that General Electric will post 3.99 EPS for the current year.

General Electric Increases Dividend

The company also recently announced 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 boost from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 annualized dividend and a yield of 0.72%. General Electric’s payout ratio is 36.72%.

Wall Street Analysts Forecast Growth

GE has been the topic of a number of analyst reports. The Goldman Sachs Group boosted their price objective on shares of General Electric from $190.00 to $211.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Bank of America boosted their price objective on shares of General Electric from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Royal Bank of Canada boosted their price objective on shares of General Electric from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Jefferies Financial Group lifted their target price on shares of General Electric from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Finally, StockNews.com assumed coverage on shares of General Electric in a research note on Monday, April 29th. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, General Electric presently has an average rating of “Moderate Buy” and a consensus target price of $177.27.

Insiders Place Their Bets

In other General Electric news, SVP Russell Stokes sold 45,309 shares of General Electric stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $162.82, for a total value of $7,377,211.38. Following the completion of the transaction, the senior vice president now directly owns 112,958 shares of the company’s stock, valued at $18,391,821.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.66% of the company’s stock.

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.