Chicago Capital LLC Trims Stock Position in General Electric (NYSE:GE)

Chicago Capital LLC trimmed its holdings in shares of General Electric (NYSE:GE) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,509 shares of the conglomerate’s stock after selling 562 shares during the quarter. Chicago Capital LLC’s holdings in General Electric were worth $3,087,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GE. Czech National Bank increased its holdings in General Electric by 5.9% during the third quarter. Czech National Bank now owns 220,885 shares of the conglomerate’s stock valued at $41,654,000 after buying an additional 12,298 shares during the period. GAMMA Investing LLC increased its holdings in General Electric by 26.4% during the third quarter. GAMMA Investing LLC now owns 21,489 shares of the conglomerate’s stock valued at $4,052,000 after buying an additional 4,490 shares during the period. Herbst Group LLC purchased a new position in General Electric during the third quarter valued at approximately $2,427,000. Diversified Trust Co increased its holdings in General Electric by 1.0% during the third quarter. Diversified Trust Co now owns 20,960 shares of the conglomerate’s stock valued at $3,953,000 after buying an additional 199 shares during the period. Finally, Everpar Advisors LLC purchased a new position in General Electric during the third quarter valued at approximately $214,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

General Electric Stock Down 1.0 %

Shares of NYSE GE opened at $203.59 on Monday. General Electric has a 12-month low of $105.70 and a 12-month high of $207.65. The stock has a market cap of $220.35 billion, a PE ratio of 33.99, a P/E/G ratio of 2.53 and a beta of 1.21. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The company has a 50-day moving average of $177.41 and a 200 day moving average of $176.40.

General Electric (NYSE:GE) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) 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%. As a group, sell-side analysts predict that General Electric will post 5.39 EPS for the current fiscal year.

General Electric Announces Dividend

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

Analysts Set New Price Targets

GE has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft cut 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. UBS Group lifted their price objective on shares of General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Sanford C. Bernstein boosted their target price on shares of General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Wells Fargo & Company boosted their target price 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. Finally, Northcoast Research initiated coverage on shares of General Electric in a report on Tuesday, January 7th. They issued a “neutral” rating for the company. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on 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 other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the sale, the senior vice president now directly owns 13,289 shares in the company, valued at $2,407,036.57. This represents a 34.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Russell Stokes sold 15,550 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was 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 owns 148,857 shares in the company, valued at approximately $26,539,714.53. This trade represents a 9.46 % 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 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.