Hanseatic Management Services Inc. Purchases 69 Shares of General Electric (NYSE:GE)

Hanseatic Management Services Inc. boosted its position in shares of General Electric (NYSE:GE) by 1.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,540 shares of the conglomerate’s stock after buying an additional 69 shares during the quarter. General Electric makes up about 1.4% of Hanseatic Management Services Inc.’s holdings, making the stock its 26th biggest holding. Hanseatic Management Services Inc.’s holdings in General Electric were worth $1,091,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Toth Financial Advisory Corp purchased a new position in shares of General Electric during the third quarter valued at approximately $25,000. Valley Wealth Managers Inc. bought a new stake in General Electric in the third quarter valued at $25,000. O Brien Wealth Partners LLC purchased a new position in General Electric during the 3rd quarter valued at $27,000. Peterson Financial Group Inc. bought a new position in General Electric in the 3rd quarter worth $28,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in shares of General Electric in the 3rd quarter worth about $30,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

General Electric Price Performance

Shares of NYSE GE opened at $182.83 on Friday. The firm has a market cap of $197.87 billion, a P/E ratio of 32.13, a PEG ratio of 1.40 and a beta of 1.19. General Electric has a twelve month low of $101.16 and a twelve month high of $194.80. 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 50 day moving average of $174.33 and a 200 day moving average of $174.00.

General Electric (NYSE:GE) last posted its quarterly earnings results 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 firm 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 business earned $0.82 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. As a group, research analysts expect that General Electric will post 4.23 EPS for the current fiscal year.

General Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.61%. General Electric’s dividend payout ratio is presently 19.68%.

Insider Activity

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the business’s stock in a transaction dated 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 $2,407,036.57. The trade was a 34.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Russell Stokes sold 15,550 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the sale, the senior vice president now directly owns 148,857 shares of the company’s stock, valued at $26,539,714.53. The trade was a 9.46 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on GE shares. Wells Fargo & Company boosted their price target on shares of General Electric from $210.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft decreased their target price on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Bank of America raised their target price on General Electric from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada reduced their price target 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, Melius Research boosted their target price on shares of General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $201.47.

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.