Bleakley Financial Group LLC Grows Stock Holdings in General Electric (NYSE:GE)

Bleakley Financial Group LLC boosted its position in shares of General Electric (NYSE:GE) by 11.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,626 shares of the conglomerate’s stock after acquiring an additional 3,575 shares during the quarter. Bleakley Financial Group LLC’s holdings in General Electric were worth $5,775,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Robertson Stephens Wealth Management LLC purchased a new position in shares of General Electric during the 4th quarter valued at about $707,000. Vanderbilt University purchased a new position in General Electric in the fourth quarter valued at about $3,493,000. Massachusetts Wealth Management lifted its position in General Electric by 4.4% during the fourth quarter. Massachusetts Wealth Management now owns 15,382 shares of the conglomerate’s stock valued at $2,566,000 after acquiring an additional 650 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in General Electric by 14.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 147,320 shares of the conglomerate’s stock valued at $24,929,000 after buying an additional 19,066 shares in the last quarter. Finally, Y.D. More Investments Ltd lifted its stake in shares of General Electric by 151.0% during the fourth quarter. Y.D. More Investments Ltd now owns 389 shares of the conglomerate’s stock worth $65,000 after buying an additional 234 shares during the period. Institutional investors own 74.77% of the company’s stock.

Insider Transactions at General Electric

In related news, SVP Russell Stokes sold 15,550 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the transaction, the senior vice president now owns 148,857 shares in the company, valued at $26,539,714.53. This trade represents a 9.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.66% of the company’s stock.

General Electric Trading Up 1.1 %

Shares of GE stock opened at $204.44 on Thursday. General Electric has a fifty-two week low of $109.26 and a fifty-two week high of $207.65. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $221.26 billion, a P/E ratio of 34.13, a P/E/G ratio of 2.53 and a beta of 1.21. The stock has a 50-day simple moving average of $178.24 and a 200 day simple moving average of $177.16.

General Electric (NYSE:GE) last announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, sell-side analysts expect that General Electric will post 5.39 earnings per share for the current fiscal year.

General Electric Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Friday, December 27th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Friday, December 27th. General Electric’s dividend payout ratio (DPR) is currently 18.70%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GE. Deutsche Bank Aktiengesellschaft reduced their target price on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. JPMorgan Chase & Co. lifted their price target on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. Bank of America increased their price target on General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Wells Fargo & Company raised their price objective on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $208.73.

General Electric Company 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.