Fishman Jay A Ltd. MI Boosts Stake in General Electric (NYSE:GE)

Fishman Jay A Ltd. MI grew its stake in General Electric (NYSE:GEFree Report) by 416.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,140 shares of the conglomerate’s stock after acquiring an additional 13,820 shares during the quarter. Fishman Jay A Ltd. MI’s holdings in General Electric were worth $2,859,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Cardinal Strategic Wealth Guidance bought a new position in shares of General Electric during the 4th quarter worth approximately $288,000. New Republic Capital LLC grew its holdings in General Electric by 7.0% in the fourth quarter. New Republic Capital LLC now owns 1,876 shares of the conglomerate’s stock worth $313,000 after purchasing an additional 123 shares during the last quarter. Atlantic Edge Private Wealth Management LLC increased its position in shares of General Electric by 38.7% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 226 shares of the conglomerate’s stock worth $38,000 after purchasing an additional 63 shares in the last quarter. Wealthcare Capital Partners LLC purchased a new stake in shares of General Electric during the 4th quarter valued at $285,000. Finally, Sovran Advisors LLC acquired a new stake in shares of General Electric in the 4th quarter worth $931,000. 74.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the transaction, the senior vice president now owns 148,857 shares in the company, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.66% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. upped their price objective on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Northcoast Research started coverage on shares of General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft dropped their target price on shares of General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Finally, Citigroup raised their price target on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $208.73.

View Our Latest Research Report on General Electric

General Electric Price Performance

Shares of GE opened at $209.03 on Wednesday. The business’s 50-day moving average is $180.18 and its two-hundred day moving average is $178.28. The company has a market capitalization of $224.35 billion, a P/E ratio of 34.90, a P/E/G ratio of 2.56 and a beta of 1.21. General Electric has a fifty-two week low of $110.95 and a fifty-two week high of $209.15. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.

General Electric (NYSE:GEGet Free Report) last posted its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. Research analysts predict that General Electric will post 5.39 earnings per share for the current year.

General Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Friday, December 27th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Friday, December 27th. General Electric’s dividend payout ratio is currently 18.70%.

General Electric Profile

(Free Report)

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.

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Institutional Ownership by Quarter for General Electric (NYSE:GE)

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