SYM FINANCIAL Corp Sells 3,666 Shares of General Electric (NYSE:GE)

SYM FINANCIAL Corp lessened its holdings in General Electric (NYSE:GE) by 44.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,665 shares of the conglomerate’s stock after selling 3,666 shares during the period. SYM FINANCIAL Corp’s holdings in General Electric were worth $819,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC grew its stake in General Electric by 29.3% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 28,311 shares of the conglomerate’s stock worth $3,613,000 after buying an additional 6,419 shares during the last quarter. Fifth Third Bancorp increased its holdings in General Electric by 12.5% during the 4th quarter. Fifth Third Bancorp now owns 261,187 shares of the conglomerate’s stock valued at $33,335,000 after purchasing an additional 28,985 shares in the last quarter. USA Financial Formulas raised its position in General Electric by 24,042.9% in the 4th quarter. USA Financial Formulas now owns 10,140 shares of the conglomerate’s stock valued at $1,294,000 after purchasing an additional 10,098 shares during the last quarter. Grandfield & Dodd LLC grew its holdings in shares of General Electric by 9.3% during the fourth quarter. Grandfield & Dodd LLC now owns 269,783 shares of the conglomerate’s stock worth $34,432,000 after purchasing an additional 22,998 shares during the last quarter. Finally, Rathbones Group PLC grew its holdings in shares of General Electric by 2.7% during the fourth quarter. Rathbones Group PLC now owns 225,814 shares of the conglomerate’s stock worth $28,821,000 after purchasing an additional 5,997 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GE has been the subject of several analyst reports. Bank of America lifted their price target on shares of General Electric from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Barclays reduced their price objective on General Electric from $181.00 to $175.00 and set an “overweight” rating for the company in a research report on Wednesday, April 3rd. Jefferies Financial Group increased their price target on shares of General Electric from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Citigroup increased their price objective on shares of General Electric from $120.43 to $186.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Finally, Wells Fargo & Company lifted their price target on shares of General Electric from $165.00 to $192.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $181.93.

General Electric Trading Down 1.1 %

Shares of NYSE:GE traded down $1.84 during trading on Friday, reaching $160.08. The stock had a trading volume of 2,448,697 shares, compared to its average volume of 7,114,121. General Electric has a 52 week low of $84.42 and a 52 week high of $170.80. The firm’s fifty day moving average is $162.70 and its 200 day moving average is $153.58. The stock has a market cap of $175.23 billion, a price-to-earnings ratio of 52.80, a P/E/G ratio of 1.75 and a beta of 1.21. 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 earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.17. The business had revenue of $16.10 billion during the quarter, compared to the consensus estimate of $15.25 billion. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. As a group, equities analysts forecast that General Electric will post 4.02 EPS for the current fiscal year.

General Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.12 annualized dividend and a yield of 0.70%. General Electric’s payout ratio is currently 36.72%.

Insider Buying and Selling

In other news, SVP Russell Stokes sold 45,309 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $162.82, for a total value of $7,377,211.38. Following the transaction, 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 can be accessed through the SEC website. 0.66% of the stock is owned by company insiders.

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.