CHICAGO TRUST Co NA Reduces Holdings in General Electric (NYSE:GE)

CHICAGO TRUST Co NA trimmed its position in shares of General Electric (NYSE:GE) by 0.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,070 shares of the conglomerate’s stock after selling 98 shares during the quarter. CHICAGO TRUST Co NA’s holdings in General Electric were worth $2,013,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Kieckhefer Group LLC purchased a new stake in shares of General Electric during the fourth quarter worth approximately $50,000. Capital Investment Advisors LLC grew its holdings in General Electric by 7.8% in the 4th quarter. Capital Investment Advisors LLC now owns 10,618 shares of the conglomerate’s stock valued at $1,771,000 after buying an additional 767 shares in the last quarter. Brookstone Capital Management grew its holdings in General Electric by 5.7% in the 4th quarter. Brookstone Capital Management now owns 20,010 shares of the conglomerate’s stock valued at $3,337,000 after buying an additional 1,083 shares in the last quarter. City State Bank grew its holdings in General Electric by 43.1% in the 4th quarter. City State Bank now owns 2,165 shares of the conglomerate’s stock valued at $361,000 after buying an additional 652 shares in the last quarter. Finally, Trust Co. of Toledo NA OH grew its holdings in General Electric by 43.2% in the 4th quarter. Trust Co. of Toledo NA OH now owns 4,637 shares of the conglomerate’s stock valued at $773,000 after buying an additional 1,399 shares in the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Russell Stokes sold 15,550 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the transaction, the senior vice president now owns 148,857 shares of the company’s stock, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Riccardo Procacci sold 7,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the completion of the sale, the senior vice president now directly owns 13,289 shares of the company’s stock, valued at $2,407,036.57. The trade was a 34.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by insiders.

General Electric Trading Down 0.8 %

General Electric stock traded down $1.42 during midday trading on Monday, hitting $170.27. 1,873,285 shares of the stock were exchanged, compared to its average volume of 4,426,669. General Electric has a 52 week low of $100.95 and a 52 week high of $194.80. The stock has a market capitalization of $184.28 billion, a PE ratio of 29.92, a P/E/G ratio of 1.63 and a beta of 1.19. The company has a fifty day simple moving average of $174.34 and a two-hundred day simple moving average of $173.54. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95.

General Electric (NYSE:GE) last announced its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The company had revenue of $9.84 billion during the quarter, compared to analysts’ expectations of $9.02 billion. During the same quarter in the previous year, the business posted $0.82 earnings per share. General Electric’s quarterly revenue was up 5.8% on a year-over-year basis. Equities research analysts anticipate that General Electric will post 4.24 EPS for the current fiscal year.

General Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Friday, December 27th. General Electric’s dividend payout ratio is currently 19.68%.

Analyst Ratings Changes

A number of research firms have recently weighed in on GE. Northcoast Research began coverage on General Electric in a report on Tuesday, January 7th. They set a “neutral” rating for the company. UBS Group increased their price target on General Electric from $223.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lowered their price target on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Citigroup increased their price target on General Electric from $198.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Bank of America increased their price target on General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, General Electric currently has a consensus rating of “Moderate Buy” and an average target price of $201.47.

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.