1 week Ago By ABMN Staff
Private Advisor Group LLC raised its stake in General Electric ( NYSE:GE – Free Report ) by 13.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 96,638 shares of the conglomerate’s stock after purchasing an additional 11,698 shares during the period.
Private Advisor Group LLC’s holdings in General Electric were worth $15,363,000 as of its most recent SEC filing. Several other hedge funds also recently added to or reduced their stakes in the stock. Macroview Investment Management LLC grew its holdings in shares of General Electric by 37.
9% during the 2nd quarter. Macroview Investment Management LLC now owns 211 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 58 shares during the period. Allegheny Financial Group LTD grew its holdings in shares of General Electric by 1.
4% during the 2nd quarter. Allegheny Financial Group LTD now owns 4,489 shares of the conglomerate’s stock worth $714,000 after purchasing an additional 61 shares during the period. New England Research & Management Inc.
grew its holdings in shares of General Electric by 2.2% during the 2nd quarter. New England Research & Management Inc.
now owns 2,910 shares of the conglomerate’s stock worth $463,000 after purchasing an additional 63 shares during the period. Choate Investment Advisors grew its holdings in shares of General Electric by 0.4% during the 1st quarter.
Choate Investment Advisors now owns 16,000 shares of the conglomerate’s stock worth $2,808,000 after purchasing an additional 65 shares during the period. Finally, First National Trust Co grew its holdings in shares of General Electric by 1.7% during the 2nd quarter.
First National Trust Co now owns 3,912 shares of the conglomerate’s stock worth $622,000 after purchasing an additional 66 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets A number of equities analysts have issued reports on the company. Jefferies Financial Group upped their target price on General Electric from $185.00 to $190.
00 and gave the company a “buy” rating in a research report on Friday, June 28th. Barclays upped their target price on General Electric from $175.00 to $200.
00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Royal Bank of Canada upped their target price on General Electric from $175.00 to $190.
00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. StockNews.com lowered General Electric from a “buy” rating to a “hold” rating in a research report on Monday, July 29th.
Finally, Deutsche Bank Aktiengesellschaft upped their price target on General Electric from $195.00 to $209.00 and gave the company a “buy” rating in a research report on Monday, June 10th.
Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, General Electric currently has an average rating of “Moderate Buy” and an average target price of $190.38.
General Electric Price Performance Shares of GE opened at $161.23 on Friday. The company has a market cap of $176.
48 billion, a P/E ratio of 52.86, a PEG ratio of 1.73 and a beta of 1.
18. The stock has a fifty day moving average price of $165.78 and a 200 day moving average price of $163.
28. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.
14 and a quick ratio of 0.85. General Electric has a 12 month low of $84.
42 and a 12 month high of $177.20. General Electric ( NYSE:GE – Get Free Report ) last issued its quarterly earnings data on Tuesday, July 23rd.
The conglomerate reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.
21. The firm had revenue of $9.09 billion during the quarter, compared to the consensus estimate of $8.
44 billion. General Electric had a return on equity of 16.07% and a net margin of 7.
66%. The firm’s revenue was up 3.9% on a year-over-year basis.
During the same period in the prior year, the business earned $0.68 EPS. On average, research analysts forecast that General Electric will post 4.
2 earnings per share for the current year. General Electric Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were paid a $0.
28 dividend. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $1.
12 annualized dividend and a dividend yield of 0.69%. General Electric’s payout ratio is 36.
72%. 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. See Also Receive News & Ratings for General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric and related companies with MarketBeat.com's FREE daily email newsletter .
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