General Electric (NYSE:GE) Shares Acquired by SVB Wealth LLC

SVB Wealth LLC boosted its holdings in General Electric (NYSE:GE) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,823 shares of the conglomerate’s stock after purchasing an additional 147 shares during the period. SVB Wealth LLC’s holdings in General Electric were worth $2,530,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Halpern Financial Inc. grew its position in shares of General Electric by 968.4% during the fourth quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock worth $25,000 after buying an additional 184 shares in the last quarter. CGC Financial Services LLC increased its position in shares of 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 purchasing an additional 110 shares during the last quarter. Capital Analysts LLC raised its stake in shares of General Electric by 55.8% in the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 87 shares in the last quarter. Macroview Investment Management LLC grew its stake in General Electric by 43.4% in the third quarter. Macroview Investment Management LLC now owns 317 shares of the conglomerate’s stock worth $35,000 after purchasing an additional 96 shares in the last quarter. Finally, Fortis Group Advisors LLC bought a new stake in General Electric in the third quarter valued at about $37,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Stock Performance

Shares of NYSE GE opened at $155.67 on Thursday. General Electric has a 12-month low of $76.87 and a 12-month high of $158.68. The company has a market cap of $170.19 billion, a PE ratio of 18.60, a P/E/G ratio of 3.07 and a beta of 1.29. The stock has a 50 day simple moving average of $158.87 and a 200-day simple moving average of $133.96. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69.

General Electric (NYSE:GE) last announced its quarterly earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.13. The company had revenue of $19.42 billion during the quarter, compared to analyst estimates of $17.27 billion. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.24 EPS. On average, equities research analysts forecast that General Electric will post 3.78 EPS for the current year.

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Monday, April 15th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.72%. This is an increase from General Electric’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, April 12th. General Electric’s payout ratio is 13.38%.

Insider Transactions at General Electric

In related news, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the transaction, the senior vice president now owns 56,284 shares in the company, valued at $8,153,863.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other General Electric news, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the completion of the transaction, the senior vice president now directly owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Michael J. Holston sold 13,601 shares of General Electric stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $135.55, for a total value of $1,843,615.55. Following the transaction, the senior vice president now owns 48,339 shares in the company, valued at $6,552,351.45. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on GE shares. Vertical Research began coverage on General Electric in a report on Thursday, April 4th. They set a “buy” rating and a $160.00 target price on the stock. StockNews.com started coverage on shares of General Electric in a report on Saturday, April 13th. They issued a “hold” rating for the company. Royal Bank of Canada dropped their target price on shares of General Electric from $180.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, April 4th. JPMorgan Chase & Co. reduced their price target on shares of General Electric from $180.00 to $148.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 2nd. Finally, TheStreet raised shares of General Electric from a “c+” rating to a “b+” rating in a research report on Tuesday, January 23rd. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $160.07.

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.