NEXT Financial Group Inc grew its position in General Electric Company (NYSE:GE) by 1.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 118,458 shares of the conglomerate’s stock after acquiring an additional 1,117 shares during the period. General Electric accounts for approximately 0.8% of NEXT Financial Group Inc’s investment portfolio, making the stock its 19th biggest position. NEXT Financial Group Inc’s holdings in General Electric were worth $3,200,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Ullmann Financial Group Inc. bought a new position in shares of General Electric during the first quarter valued at $106,000. Feltz Wealth PLAN Inc. acquired a new position in shares of General Electric during the first quarter worth $114,000. PHH Investments Ltd. lifted its holdings in shares of General Electric by 105.0% during the first quarter. PHH Investments Ltd. now owns 3,905 shares of the conglomerate’s stock worth $116,000 after purchasing an additional 2,000 shares during the period. Parametrica Management Ltd acquired a new position in shares of General Electric during the first quarter worth $214,000. Finally, Barber Financial Group Inc. lifted its holdings in shares of General Electric by 3.1% during the first quarter. Barber Financial Group Inc. now owns 7,363 shares of the conglomerate’s stock worth $219,000 after purchasing an additional 220 shares during the period. Institutional investors own 54.71% of the company’s stock.

GE has been the topic of several recent research reports. Vetr raised General Electric from a “strong sell” rating to a “sell” rating and set a $21.63 target price on the stock in a report on Monday. Cowen and Company reiterated a “hold” rating and issued a $24.00 target price on shares of General Electric in a report on Monday, August 7th. Morgan Stanley decreased their target price on shares of General Electric from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Monday. Stifel Nicolaus reissued a “buy” rating on shares of General Electric in a research report on Wednesday, June 14th. Finally, J P Morgan Chase & Co restated an “underweight” rating on shares of General Electric in a report on Thursday, September 21st. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $28.57.

Shares of General Electric Company (NYSE:GE) traded down 1.1460% during mid-day trading on Wednesday, hitting $24.5158. The company’s stock had a trading volume of 16,916,190 shares. General Electric Company has a 52-week low of $23.58 and a 52-week high of $32.38. The company has a market cap of $212.26 billion, a price-to-earnings ratio of 29.8609 and a beta of 1.19. The stock’s 50 day moving average price is $24.48 and its 200 day moving average price is $27.08.

General Electric (NYSE:GE) last issued its earnings results on Friday, July 21st. The conglomerate reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.03. General Electric had a net margin of 6.45% and a return on equity of 14.59%. The company had revenue of $29.56 billion for the quarter, compared to analysts’ expectations of $29.07 billion. During the same quarter last year, the company posted $0.51 earnings per share. The firm’s quarterly revenue was down 11.8% on a year-over-year basis. Equities analysts forecast that General Electric Company will post $1.55 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Monday, September 18th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, September 15th. This represents a $0.96 dividend on an annualized basis and a yield of 3.87%. General Electric’s dividend payout ratio is presently 118.52%.

In other news, Vice Chairman Elizabeth J. Comstock sold 24,693 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $25.65, for a total value of $633,375.45. Following the transaction, the insider now directly owns 175,717 shares in the company, valued at approximately $4,507,141.05. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James E. Rohr purchased 27,425 shares of the company’s stock in a transaction dated Monday, July 24th. The stock was purchased at an average price of $25.50 per share, for a total transaction of $699,337.50. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 233,253 shares of company stock valued at $5,860,264. Company insiders own 0.36% of the company’s stock.

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General Electric Company Profile

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

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