Bfsg LLC Invests $32,000 in General Electric (NYSE:GE)

Bfsg LLC purchased a new position in shares of General Electric (NYSE:GE) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 251 shares of the conglomerate’s stock, valued at approximately $32,000.

Several other hedge funds and other institutional investors have also made changes to their positions in GE. Atlas Brown Inc. raised its position in shares of General Electric by 1.0% in the 4th quarter. Atlas Brown Inc. now owns 8,322 shares of the conglomerate’s stock valued at $1,062,000 after purchasing an additional 85 shares in the last quarter. Capital Analysts LLC increased its holdings in shares of General Electric by 55.8% in the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 87 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of General Electric by 9.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,027 shares of the conglomerate’s stock valued at $131,000 after acquiring an additional 91 shares during the last quarter. Ballast Advisors LLC increased its holdings in shares of General Electric by 4.8% in the 4th quarter. Ballast Advisors LLC now owns 1,994 shares of the conglomerate’s stock valued at $254,000 after acquiring an additional 91 shares during the last quarter. Finally, King Wealth increased its holdings in shares of General Electric by 3.2% in the 3rd quarter. King Wealth now owns 2,988 shares of the conglomerate’s stock valued at $330,000 after acquiring an additional 92 shares during the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insider Transactions at General Electric

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. TheStreet upgraded General Electric from a “c+” rating to a “b+” rating in a report on Tuesday, January 23rd. Oppenheimer reiterated a “market perform” rating on shares of General Electric in a report on Tuesday, March 5th. Citigroup boosted their price target on General Electric from $120.43 to $186.00 and gave the company a “buy” rating in a report on Thursday. Bank of America boosted their price target on General Electric from $165.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Royal Bank of Canada upped their price objective on General Electric from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, General Electric has an average rating of “Moderate Buy” and a consensus price target of $170.00.

General Electric Trading Down 0.2 %

NYSE:GE opened at $161.00 on Friday. General Electric has a 1 year low of $77.28 and a 1 year high of $163.65. The stock has a market cap of $176.23 billion, a price-to-earnings ratio of 52.87, a PEG ratio of 2.99 and a beta of 1.29. The business has a fifty day moving average of $160.45 and a 200-day moving average of $135.73. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 1.17.

General Electric (NYSE:GE) last released its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.17. General Electric had a return on equity of 12.54% and a net margin of 5.05%. The company had revenue of $16.10 billion during the quarter, compared to analysts’ expectations of $15.25 billion. During the same quarter in the prior year, the business posted $0.27 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. Equities analysts predict that General Electric will post 3.95 earnings per share for the current year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Monday, April 15th were paid a $0.28 dividend. This is a boost from General Electric’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, April 12th. This represents a $1.12 annualized dividend and a dividend yield of 0.70%. General Electric’s dividend payout ratio is presently 36.72%.

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.