General Electric (NYSE:GE) Position Increased by Intelligence Driven Advisers LLC

Intelligence Driven Advisers LLC increased its stake in shares of General Electric (NYSE:GE) by 29.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,757 shares of the conglomerate’s stock after buying an additional 847 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in General Electric were worth $708,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. grew its position in shares of General Electric by 4.1% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 31,352 shares of the conglomerate’s stock worth $5,912,000 after acquiring an additional 1,229 shares during the last quarter. Planning Capital Management Corp grew its position in General Electric by 918.2% in the 3rd quarter. Planning Capital Management Corp now owns 560 shares of the conglomerate’s stock worth $106,000 after purchasing an additional 505 shares during the last quarter. Zions Bancorporation N.A. increased its stake in shares of General Electric by 23.7% in the third quarter. Zions Bancorporation N.A. now owns 2,891 shares of the conglomerate’s stock valued at $545,000 after purchasing an additional 553 shares during the period. KBC Group NV boosted its position in shares of General Electric by 96.9% during the third quarter. KBC Group NV now owns 168,735 shares of the conglomerate’s stock worth $31,820,000 after buying an additional 83,053 shares during the period. Finally, Huntington National Bank grew its holdings in General Electric by 7.3% in the 3rd quarter. Huntington National Bank now owns 485,225 shares of the conglomerate’s stock worth $91,504,000 after buying an additional 33,137 shares in the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

General Electric Trading Down 0.5 %

Shares of General Electric stock traded down $0.90 during trading on Thursday, hitting $182.66. The stock had a trading volume of 317,894 shares, compared to its average volume of 6,226,358. General Electric has a 1 year low of $92.58 and a 1 year high of $194.80. The stock has a 50 day simple moving average of $181.69 and a 200 day simple moving average of $170.43. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $197.69 billion, a PE ratio of 32.26, a P/E/G ratio of 1.80 and a beta of 1.19.

General Electric (NYSE:GE) last announced its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. The company had revenue of $9.84 billion for the quarter, compared to the consensus estimate of $9.02 billion. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The company’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.82 EPS. On average, research analysts expect that General Electric will post 4.22 EPS for the current fiscal year.

General Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, September 26th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 0.61%. General Electric’s payout ratio is presently 19.68%.

Insider Buying and Selling at General Electric

In related news, SVP Riccardo Procacci sold 7,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the completion of the sale, the senior vice president now directly owns 13,289 shares in the company, valued at approximately $2,407,036.57. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Citigroup boosted their price target on General Electric from $198.00 to $216.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. StockNews.com lowered shares of General Electric from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Barclays raised their target price on shares of General Electric from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Sanford C. Bernstein increased their price objective on shares of General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on General Electric from $212.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, General Electric currently has an average rating of “Moderate Buy” and a consensus price target of $200.93.

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.