Rosenberg Matthew Hamilton Raises Stake in General Electric (NYSE:GE)

Rosenberg Matthew Hamilton increased its holdings in shares of General Electric (NYSE:GE) by 27.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 838 shares of the conglomerate’s stock after purchasing an additional 178 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in General Electric were worth $158,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GE. Studio Investment Management LLC boosted its stake in shares of General Electric by 97.5% in the second quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 78 shares during the period. Toth Financial Advisory Corp purchased a new position in General Electric in the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of General Electric during the third quarter valued at about $27,000. MFA Wealth Advisors LLC purchased a new stake in shares of General Electric during the second quarter worth about $31,000. Finally, Financial Connections Group Inc. acquired a new position in shares of General Electric in the second quarter worth about $32,000. 74.77% of the stock is owned by institutional investors and hedge funds.

General Electric Trading Down 2.3 %

Shares of GE traded down $4.01 on Thursday, reaching $170.63. 1,465,836 shares of the company’s stock were exchanged, compared to its average volume of 6,322,468. General Electric has a 12 month low of $84.66 and a 12 month high of $194.80. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $184.67 billion, a P/E ratio of 29.98, a price-to-earnings-growth ratio of 1.74 and a beta of 1.18. The business has a 50 day moving average price of $180.14 and a two-hundred day moving average price of $168.87.

General Electric (NYSE:GE) last announced its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The company had revenue of $9.84 billion during 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 quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 EPS. Research analysts anticipate that General Electric will post 4.2 earnings per share for the current year.

General Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 26th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Thursday, September 26th. General Electric’s dividend payout ratio is 19.68%.

Analysts Set New Price Targets

GE has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price objective on shares of General Electric from $205.00 to $210.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. StockNews.com downgraded General Electric from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Royal Bank of Canada cut their price objective on General Electric from $210.00 to $200.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on General Electric from $212.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Bank of America boosted their price objective on shares of General Electric from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, General Electric currently has a consensus rating of “Moderate Buy” and a consensus target price of $200.93.

About General Electric

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.