General Electric (NYSE:GE) Stock Holdings Increased by Assetmark Inc.

Assetmark Inc. lifted its position in General Electric (NYSE:GE) by 2.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 272,051 shares of the conglomerate’s stock after buying an additional 7,670 shares during the period. Assetmark Inc.’s holdings in General Electric were worth $51,303,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Studio Investment Management LLC grew its holdings in shares of General Electric by 97.5% during the second quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock valued at $25,000 after buying an additional 78 shares in the last quarter. Toth Financial Advisory Corp purchased a new position in shares of General Electric during the third quarter valued at $25,000. O Brien Wealth Partners LLC purchased a new position in shares of General Electric during the third quarter valued at $27,000. MFA Wealth Advisors LLC purchased a new position in shares of General Electric during the second quarter valued at $31,000. Finally, Financial Connections Group Inc. purchased a new position in shares of General Electric during the second quarter valued at $32,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total value of $1,267,910.00. Following the completion of the transaction, the senior vice president now owns 13,289 shares of the company’s stock, valued at $2,407,036.57. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.66% of the company’s stock.

Analyst Ratings Changes

GE has been the topic of a number of research analyst reports. Bank of America lifted their price target on General Electric from $180.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Citigroup lifted their price target on General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft boosted their target price on General Electric from $212.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Royal Bank of Canada lowered their target price 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. Finally, Wells Fargo & Company boosted their target price on General Electric from $205.00 to $210.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, General Electric presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.93.

General Electric Price Performance

NYSE GE opened at $184.81 on Friday. General Electric has a twelve month low of $90.34 and a twelve month high of $194.80. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13. The stock has a market capitalization of $200.02 billion, a PE ratio of 32.48, a P/E/G ratio of 1.78 and a beta of 1.19. The stock has a 50-day simple moving average of $180.78 and a 200 day simple moving average of $169.90.

General Electric (NYSE:GE) last posted its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The business had revenue of $9.84 billion during the quarter, compared to analysts’ expectations of $9.02 billion. During the same quarter in the previous year, the firm earned $0.82 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. Research analysts anticipate that General Electric will post 4.22 EPS for the current year.

General Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, September 26th were issued a $0.28 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 0.61%. General Electric’s dividend payout ratio (DPR) is 19.68%.

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.