General Electric (NYSE:GE) Shares Purchased by TFB Advisors LLC

TFB Advisors LLC grew its holdings in shares of General Electric (NYSE:GE) by 8.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,823 shares of the conglomerate’s stock after acquiring an additional 149 shares during the period. TFB Advisors LLC’s holdings in General Electric were worth $304,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Capital Advisors Inc. OK lifted its position in shares of General Electric by 4.3% during the fourth quarter. Capital Advisors Inc. OK now owns 5,728 shares of the conglomerate’s stock worth $955,000 after purchasing an additional 238 shares during the last quarter. Leavell Investment Management Inc. lifted its position in shares of General Electric by 35.5% in the 4th quarter. Leavell Investment Management Inc. now owns 11,472 shares of the conglomerate’s stock worth $1,917,000 after buying an additional 3,003 shares during the last quarter. Portfolio Design Labs LLC grew its position in shares of General Electric by 30.7% during the 4th quarter. Portfolio Design Labs LLC now owns 24,465 shares of the conglomerate’s stock valued at $4,081,000 after buying an additional 5,747 shares during the last quarter. Fishman Jay A Ltd. MI raised its stake in General Electric by 416.3% during the fourth quarter. Fishman Jay A Ltd. MI now owns 17,140 shares of the conglomerate’s stock worth $2,859,000 after acquiring an additional 13,820 shares during the period. Finally, Cardinal Strategic Wealth Guidance bought a new position in General Electric in the fourth quarter worth about $288,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GE shares. Northcoast Research began coverage on shares of General Electric in a research note on Tuesday, January 7th. They set a “neutral” rating for the company. JPMorgan Chase & Co. boosted their price objective on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft decreased their price objective 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 lifted their target price on General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Bank of America increased their price target on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, General Electric presently has an average rating of “Moderate Buy” and an average price target of $208.73.

General Electric Price Performance

NYSE:GE opened at $209.71 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The business’s 50-day moving average price is $180.75 and its 200 day moving average price is $178.56. General Electric has a 52-week low of $110.95 and a 52-week high of $211.42. The firm has a market cap of $225.08 billion, a P/E ratio of 35.01, a PEG ratio of 2.56 and a beta of 1.22.

General Electric (NYSE:GE) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. As a group, sell-side analysts predict that General Electric will post 5.39 earnings per share for the current fiscal year.

General Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Friday, December 27th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $1.12 annualized dividend and a dividend yield of 0.53%. General Electric’s dividend payout ratio is currently 18.70%.

Insider Activity

In related news, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction dated Monday, November 18th. The stock was 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 document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.66% of the company’s stock.

General Electric Company 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.