Caprock Group LLC Raises Holdings in General Electric (NYSE:GE)

Caprock Group LLC boosted its position in General Electric (NYSE:GE) by 1.7% during the fourth quarter, HoldingsChannel reports. The fund owned 65,346 shares of the conglomerate’s stock after buying an additional 1,081 shares during the quarter. Caprock Group LLC’s holdings in General Electric were worth $10,918,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on GE shares. UBS Group increased their price objective on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Melius Research lifted their price target on General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. upped their price objective on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Northcoast Research began coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating for the company. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, General Electric has an average rating of “Moderate Buy” and an average target price of $208.73.

Insider Buying and Selling at General Electric

In related news, SVP Russell Stokes sold 15,550 shares of the business’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 transaction, the senior vice president now owns 148,857 shares in the company, valued at $26,539,714.53. The trade was a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Riccardo Procacci sold 7,000 shares of the firm’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 owns 13,289 shares of the company’s stock, valued at $2,407,036.57. This trade represents a 34.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

General Electric Stock Performance

NYSE:GE opened at $203.90 on Friday. 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 has a fifty-two week low of $105.70 and a fifty-two week high of $207.65. The firm has a market cap of $220.68 billion, a PE ratio of 34.04, a price-to-earnings-growth ratio of 2.48 and a beta of 1.19. The business has a 50 day moving average price of $176.96 and a 200-day moving average price of $176.00.

General Electric (NYSE:GE) last announced its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating 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%. Equities research analysts predict that General Electric will post 5.39 earnings per share for the current year.

General Electric Dividend Announcement

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

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.