Seelaus Asset Management LLC Raises Stake in General Electric (NYSE:GE)

Seelaus Asset Management LLC grew its holdings in shares of General Electric (NYSE:GE) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,770 shares of the conglomerate’s stock after acquiring an additional 87 shares during the quarter. Seelaus Asset Management LLC’s holdings in General Electric were worth $796,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GE. UMB Bank n.a. grew its position in General Electric by 16.2% during the 3rd quarter. UMB Bank n.a. now owns 7,600 shares of the conglomerate’s stock worth $1,433,000 after acquiring an additional 1,061 shares during the last quarter. Watts Gwilliam & Co. LLC bought a new position in shares of General Electric in the third quarter worth approximately $205,000. LongView Wealth Management purchased a new position in shares of General Electric in the third quarter worth $225,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in General Electric by 93.8% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 24,432 shares of the conglomerate’s stock valued at $4,611,000 after buying an additional 11,827 shares during the last quarter. Finally, Valeo Financial Advisors LLC boosted its position in General Electric by 11.5% during the 3rd quarter. Valeo Financial Advisors LLC now owns 17,759 shares of the conglomerate’s stock valued at $3,349,000 after buying an additional 1,833 shares during the period. 74.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GE has been the topic of a number of analyst reports. Wells Fargo & Company boosted their price objective on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. boosted their price target on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Melius Research increased their price objective on General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Northcoast Research began coverage on General Electric in a research note on Tuesday, January 7th. They set a “neutral” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $208.73.

General Electric Price Performance

Shares of GE opened at $205.32 on Friday. General Electric has a fifty-two week low of $110.57 and a fifty-two week high of $207.84. The firm’s 50-day simple moving average is $179.68 and its two-hundred day simple moving average is $177.85. The stock has a market cap of $220.37 billion, a PE ratio of 34.28, a price-to-earnings-growth ratio of 2.56 and a beta of 1.22. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.

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

General Electric Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Friday, December 27th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, December 27th. General Electric’s dividend payout ratio is presently 18.70%.

Insider Buying and Selling

In related news, SVP Russell Stokes sold 15,550 shares of the company’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 value of $2,772,409.50. Following the transaction, the senior vice president now directly owns 148,857 shares of the company’s stock, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.66% of the stock is currently owned by company insiders.

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.