General Electric (NYSE:GE) Shares Purchased by SPC Financial Inc.

SPC Financial Inc. grew its holdings in shares of General Electric (NYSE:GE) by 3.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 3,301 shares of the conglomerate’s stock after acquiring an additional 108 shares during the quarter. SPC Financial Inc.’s holdings in General Electric were worth $579,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Halpern Financial Inc. increased its position in shares of General Electric by 968.4% during the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 184 shares during the period. Criterion Capital Advisors LLC purchased a new position in shares of General Electric during the fourth quarter valued at $27,000. CGC Financial Services LLC lifted its stake in General Electric by 90.2% in the 4th quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 110 shares in the last quarter. Capital Analysts LLC grew its stake in General Electric by 55.8% during the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 87 shares in the last quarter. Finally, Bfsg LLC acquired a new position in shares of General Electric in the 4th quarter valued at about $32,000. Institutional investors own 74.77% of the company’s stock.

Insider Activity

In related news, SVP Russell Stokes sold 45,309 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $162.82, for a total transaction of $7,377,211.38. Following the sale, the senior vice president now owns 112,958 shares in the company, valued at $18,391,821.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.66% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

GE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of General Electric from $148.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, May 13th. The Goldman Sachs Group upped their target price on General Electric from $190.00 to $211.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of General Electric from $195.00 to $209.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Bank of America lifted their price target 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. Finally, Jefferies Financial Group increased their target price on General Electric from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, General Electric has a consensus rating of “Moderate Buy” and a consensus target price of $181.93.

General Electric Trading Down 2.4 %

NYSE GE traded down $3.90 on Thursday, reaching $161.80. The company had a trading volume of 4,553,837 shares, compared to its average volume of 7,150,291. General Electric has a 52 week low of $84.42 and a 52 week high of $170.80. The stock’s 50 day moving average is $162.71 and its 200-day moving average is $153.52. The company has a quick ratio of 0.82, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. The stock has a market cap of $177.11 billion, a price-to-earnings ratio of 53.70, a PEG ratio of 1.73 and a beta of 1.21.

General Electric (NYSE:GE) last released its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share 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 last year, the firm earned $0.27 EPS. General Electric’s quarterly revenue was up 11.1% compared to the same quarter last year. Equities analysts predict that General Electric will post 4.02 earnings per share for the current year.

General Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, July 11th. General Electric’s payout ratio is 36.72%.

General Electric 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.