Bryn Mawr Capital Management LLC Trims Holdings in General Electric (NYSE:GE)

Bryn Mawr Capital Management LLC reduced its stake in shares of General Electric (NYSE:GE) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,276 shares of the conglomerate’s stock after selling 311 shares during the period. Bryn Mawr Capital Management LLC’s holdings in General Electric were worth $1,056,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of GE. Halpern Financial Inc. lifted its holdings in shares of General Electric by 968.4% during the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock worth $25,000 after acquiring an additional 184 shares during the period. Criterion Capital Advisors LLC purchased a new position in shares of General Electric during the 4th quarter worth about $27,000. CGC Financial Services LLC lifted its holdings in shares of General Electric by 90.2% during 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 during the period. Capital Analysts LLC lifted its holdings in shares of General Electric by 55.8% during the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock worth $31,000 after acquiring an additional 87 shares during the period. Finally, Bfsg LLC purchased a new position in shares of General Electric during the 4th quarter worth about $32,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of General Electric from $200.00 to $165.00 and set an “overweight” rating for the company in a research report on Thursday, April 4th. Oppenheimer reissued a “market perform” rating on shares of General Electric in a research report on Tuesday, March 5th. Vertical Research assumed coverage on shares of General Electric in a research report on Thursday, April 4th. They set a “buy” rating and a $160.00 target price for the company. Royal Bank of Canada increased their target price on shares of General Electric from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, StockNews.com began coverage on shares of General Electric in a research report on Sunday, April 21st. They set a “hold” rating for the company. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $170.00.

General Electric Price Performance

Shares of GE stock opened at $162.31 on Friday. The stock has a 50 day moving average of $160.72 and a two-hundred day moving average of $136.09. The company has a current ratio of 1.17, a quick ratio of 0.85 and a debt-to-equity ratio of 0.63. General Electric has a 12 month low of $77.28 and a 12 month high of $163.65. The company has a market capitalization of $177.67 billion, a P/E ratio of 53.22, a P/E/G ratio of 3.03 and a beta of 1.29.

General Electric (NYSE:GE) last announced its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.17. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The company had revenue of $16.10 billion during the quarter, compared to the consensus estimate of $15.25 billion. During the same quarter last year, the company earned $0.27 EPS. The company’s quarterly revenue was up 11.1% on a year-over-year basis. As a group, equities analysts expect that General Electric will post 3.95 EPS for the current year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were given a $0.28 dividend. The ex-dividend date was Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.69%. This is an increase from General Electric’s previous quarterly dividend of $0.08. General Electric’s dividend payout ratio (DPR) is currently 36.72%.

About General Electric

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.