Archer Investment Corp Has $100,000 Stock Position in General Electric (NYSE:GE)

Archer Investment Corp reduced its holdings in General Electric (NYSE:GEFree Report) by 96.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 902 shares of the conglomerate’s stock after selling 27,964 shares during the quarter. Archer Investment Corp’s holdings in General Electric were worth $100,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Steward Financial Group LLC acquired a new position in General Electric in the 2nd quarter valued at approximately $26,000. Motco increased its position in shares of General Electric by 143.0% during the second quarter. Motco now owns 294 shares of the conglomerate’s stock worth $32,000 after buying an additional 173 shares during the period. Mizuho Securities Co. Ltd. acquired a new stake in shares of General Electric during the second quarter worth $33,000. Macroview Investment Management LLC increased its position in shares of General Electric by 43.4% during the third quarter. Macroview Investment Management LLC now owns 317 shares of the conglomerate’s stock worth $35,000 after buying an additional 96 shares during the period. Finally, DHJJ Financial Advisors Ltd. acquired a new stake in shares of General Electric during the third quarter worth $37,000. 74.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of General Electric from $144.00 to $148.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. TheStreet upgraded shares of General Electric from a “c+” rating to a “b+” rating in a report on Tuesday, January 23rd. Royal Bank of Canada reduced their price target on shares of General Electric from $150.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday, January 24th. JPMorgan Chase & Co. raised their price target on shares of General Electric from $124.00 to $136.00 and gave the stock a “neutral” rating in a report on Wednesday, December 20th. Finally, Barclays raised their price target on shares of General Electric from $144.00 to $153.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $132.00.

Read Our Latest Analysis on General Electric

General Electric Stock Performance

NYSE GE opened at $137.19 on Monday. General Electric has a 52-week low of $80.40 and a 52-week high of $138.64. The company has a 50-day simple moving average of $126.33 and a 200 day simple moving average of $117.53. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.18. The company has a market capitalization of $149.32 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 2.11 and a beta of 1.25.

General Electric (NYSE:GEGet Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.13. General Electric had a net margin of 13.95% and a return on equity of 10.88%. The business had revenue of $19.42 billion during the quarter, compared to the consensus estimate of $17.27 billion. During the same quarter last year, the company posted $1.24 earnings per share. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. On average, research analysts predict that General Electric will post 4.51 EPS for the current year.

General Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Thursday, December 28th were paid a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, December 27th. This represents a $0.32 annualized dividend and a dividend yield of 0.23%. General Electric’s payout ratio is 3.82%.

General Electric Company Profile

(Free Report)

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.

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

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