Intelligence Driven Advisers LLC Has $708,000 Stock Position in General Electric (NYSE:GE)

Intelligence Driven Advisers LLC boosted its position in General Electric (NYSE:GE) by 29.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,757 shares of the conglomerate’s stock after acquiring an additional 847 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in General Electric were worth $708,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Edmond DE Rothschild Holding S.A. boosted its position in shares of General Electric by 25.1% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 469 shares of the conglomerate’s stock valued at $82,000 after acquiring an additional 94 shares during the period. TBH Global Asset Management LLC grew its position in General Electric by 17.0% in the 1st quarter. TBH Global Asset Management LLC now owns 2,307 shares of the conglomerate’s stock worth $405,000 after purchasing an additional 336 shares during the last quarter. Blair William & Co. IL increased its holdings in shares of General Electric by 5.8% during the 1st quarter. Blair William & Co. IL now owns 174,301 shares of the conglomerate’s stock worth $30,595,000 after purchasing an additional 9,587 shares during the period. Orion Portfolio Solutions LLC raised its position in shares of General Electric by 8.8% during the first quarter. Orion Portfolio Solutions LLC now owns 38,147 shares of the conglomerate’s stock valued at $6,696,000 after buying an additional 3,095 shares during the last quarter. Finally, Leo Wealth LLC acquired a new stake in General Electric during the first quarter worth about $206,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total value of $1,267,910.00. Following the completion of the sale, the senior vice president now owns 13,289 shares of the company’s stock, valued at approximately $2,407,036.57. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.66% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on GE. Royal Bank of Canada cut their price target on General Electric from $210.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Sanford C. Bernstein increased their price objective on shares of General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Wells Fargo & Company lifted their target price on shares of General Electric from $205.00 to $210.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Bank of America increased their price target on shares of General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Citigroup lifted their price objective on General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $200.93.

General Electric Trading Down 0.5 %

Shares of GE traded down $0.90 on Thursday, reaching $182.66. 317,894 shares of the company’s stock were exchanged, compared to its average volume of 6,226,358. General Electric has a 12 month low of $92.58 and a 12 month high of $194.80. The stock has a market capitalization of $197.69 billion, a P/E ratio of 32.26, a price-to-earnings-growth ratio of 1.80 and a beta of 1.19. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. The business has a 50 day moving average price of $181.69 and a two-hundred day moving average price of $170.43.

General Electric (NYSE:GE) last posted its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. The business had revenue of $9.84 billion for the quarter, compared to analyst estimates of $9.02 billion. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The firm’s revenue was up 5.8% on a year-over-year basis. During the same period last year, the company earned $0.82 EPS. Research analysts anticipate that General Electric will post 4.22 earnings per share for the current year.

General Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 26th were given a $0.28 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.61%. General Electric’s dividend payout ratio is 19.68%.

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.