Bronfman E.L. Rothschild L.P. lifted its stake in General Electric Company (NYSE:GE) by 17.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 123,989 shares of the conglomerate’s stock after buying an additional 18,741 shares during the period. Bronfman E.L. Rothschild L.P. owned about 0.18% of General Electric worth $3,349,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Warren Averett Asset Management LLC lifted its stake in General Electric by 7.0% during the second quarter. Warren Averett Asset Management LLC now owns 103,854 shares of the conglomerate’s stock worth $2,805,000 after purchasing an additional 6,799 shares during the period. Sabal Trust CO lifted its stake in General Electric by 5.4% during the second quarter. Sabal Trust CO now owns 1,080,995 shares of the conglomerate’s stock worth $29,198,000 after purchasing an additional 55,049 shares during the period. Rockland Trust Co. raised its stake in shares of General Electric by 8.6% in the second quarter. Rockland Trust Co. now owns 205,544 shares of the conglomerate’s stock valued at $5,552,000 after acquiring an additional 16,309 shares during the last quarter. Stoneridge Investment Partners LLC raised its stake in shares of General Electric by 23.4% in the second quarter. Stoneridge Investment Partners LLC now owns 325,787 shares of the conglomerate’s stock valued at $8,800,000 after acquiring an additional 61,746 shares during the last quarter. Finally, Rothschild Investment Corp IL raised its stake in shares of General Electric by 2.4% in the second quarter. Rothschild Investment Corp IL now owns 465,351 shares of the conglomerate’s stock valued at $12,569,000 after acquiring an additional 10,906 shares during the last quarter. Institutional investors and hedge funds own 55.74% of the company’s stock.

Shares of General Electric Company (NYSE GE) traded down $0.02 during trading on Wednesday, hitting $17.75. 10,040,627 shares of the company were exchanged, compared to its average volume of 45,115,824. The company has a current ratio of 1.86, a quick ratio of 1.53 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $155,663.94, a price-to-earnings ratio of 14.48, a P/E/G ratio of 1.94 and a beta of 1.06. General Electric Company has a fifty-two week low of $17.46 and a fifty-two week high of $32.38.

General Electric (NYSE:GE) last issued its quarterly earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.20). The company had revenue of $33.47 billion during the quarter, compared to analyst estimates of $32.51 billion. General Electric had a net margin of 6.08% and a return on equity of 13.72%. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.32 EPS. equities analysts anticipate that General Electric Company will post 1.07 earnings per share for the current fiscal year.

In related news, Chairman John Leonard Flannery purchased 60,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was acquired at an average price of $18.27 per share, with a total value of $1,096,200.00. Following the completion of the acquisition, the chairman now directly owns 575,477 shares in the company, valued at approximately $10,513,964.79. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Francisco Dsouza purchased 55,000 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was bought at an average cost of $17.94 per share, with a total value of $986,700.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 120,500 shares of company stock valued at $2,183,220. 0.36% of the stock is currently owned by company insiders.

A number of research analysts have recently issued reports on GE shares. Goldman Sachs Group set a $22.00 target price on shares of General Electric and gave the company a “neutral” rating in a research note on Tuesday, November 14th. J P Morgan Chase & Co set a $17.00 target price on shares of General Electric and gave the company a “sell” rating in a research note on Wednesday, November 15th. Bank of America upgraded shares of General Electric from a “neutral” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Monday, October 23rd. Stifel Nicolaus set a $22.00 target price on shares of General Electric and gave the company a “neutral” rating in a research note on Tuesday, November 14th. Finally, Vetr cut shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $25.63 target price for the company. in a research note on Wednesday, September 13th. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.31.

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About General Electric

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

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