General Electric (NYSE:GE) Shares Acquired by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. lifted its position in shares of General Electric (NYSE:GE) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,332 shares of the conglomerate’s stock after purchasing an additional 182 shares during the period. Institute for Wealth Management LLC.’s holdings in General Electric were worth $1,446,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Sei Investments Co. grew its holdings in shares of General Electric by 10.0% during the first quarter. Sei Investments Co. now owns 305,384 shares of the conglomerate’s stock worth $27,925,000 after buying an additional 27,682 shares during the last quarter. Prudential PLC purchased a new stake in shares of General Electric during the 1st quarter worth approximately $1,518,000. Sequoia Financial Advisors LLC boosted its stake in shares of General Electric by 2.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 11,748 shares of the conglomerate’s stock worth $1,075,000 after acquiring an additional 334 shares in the last quarter. Merit Financial Group LLC purchased a new stake in shares of General Electric during the 1st quarter worth approximately $388,000. Finally, West Family Investments Inc. purchased a new stake in shares of General Electric during the 1st quarter worth approximately $230,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insider Buying and Selling at General Electric

In other news, SVP Michael J. Holston sold 22,055 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total value of $3,195,107.85. Following the sale, the senior vice president now owns 56,284 shares in the company, valued at approximately $8,153,863.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, SVP Michael J. Holston sold 13,601 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the sale, the senior vice president now owns 48,339 shares in the company, valued at $6,552,351.45. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the sale, the senior vice president now owns 56,284 shares in the company, valued at approximately $8,153,863.08. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Jefferies Financial Group decreased their price target on General Electric from $195.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. StockNews.com initiated coverage on General Electric in a research report on Saturday, April 13th. They set a “hold” rating for the company. Bank of America cut their price objective on General Electric from $175.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, April 8th. JPMorgan Chase & Co. cut their price target on General Electric from $180.00 to $148.00 and set an “overweight” rating for the company in a report on Tuesday, April 2nd. Finally, Oppenheimer reiterated a “market perform” rating on shares of General Electric in a report on Tuesday, March 5th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, General Electric presently has an average rating of “Moderate Buy” and an average target price of $160.07.

General Electric Stock Down 3.2 %

General Electric stock traded down $4.85 during trading on Friday, reaching $148.09. 7,725,580 shares of the company’s stock were exchanged, compared to its average volume of 7,974,870. The company’s 50-day moving average is $159.15 and its two-hundred day moving average is $134.10. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.18. General Electric has a 52-week low of $76.87 and a 52-week high of $158.68. The firm has a market cap of $161.90 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 3.05 and a beta of 1.29.

General Electric (NYSE:GE) last posted its quarterly earnings data on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.13. The company had revenue of $19.42 billion during the quarter, compared to analysts’ expectations of $17.27 billion. General Electric had a net margin of 13.95% and a return on equity of 10.88%. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.24 EPS. On average, analysts predict that General Electric will post 3.78 earnings per share for the current year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Monday, April 15th will be given a $0.28 dividend. This is a boost from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Friday, April 12th. General Electric’s dividend payout ratio is presently 13.38%.

General Electric 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.