General Electric (NYSE:GE) Shares Bought by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. raised its position in shares of General Electric (NYSE:GE) by 5.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,471 shares of the conglomerate’s stock after purchasing an additional 333 shares during the quarter. General Electric accounts for 1.7% of Hanseatic Management Services Inc.’s investment portfolio, making the stock its 16th biggest holding. Hanseatic Management Services Inc.’s holdings in General Electric were worth $1,220,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of GE. Studio Investment Management LLC grew its stake in shares of General Electric by 97.5% in the 2nd 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 bought a new position in shares of General Electric during the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of General Electric in the 3rd quarter valued at $27,000. MFA Wealth Advisors LLC bought a new stake in General Electric in the second quarter worth $31,000. Finally, Financial Connections Group Inc. acquired a new position in General Electric during the second quarter worth $32,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

General Electric Trading Up 3.2 %

Shares of GE opened at $180.80 on Thursday. The stock’s fifty day simple moving average is $180.47 and its 200-day simple moving average is $169.59. The firm has a market capitalization of $195.68 billion, a PE ratio of 31.78, a price-to-earnings-growth ratio of 1.70 and a beta of 1.19. General Electric has a 12-month low of $88.68 and a 12-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.

General Electric (NYSE:GE) last released its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The company had revenue of $9.84 billion for the quarter, compared to the consensus estimate of $9.02 billion. During the same period in the prior year, the company posted $0.82 EPS. The company’s revenue was up 5.8% compared to the same quarter last year. As a group, research analysts predict that General Electric will post 4.22 earnings per share for the current year.

General Electric Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date was Thursday, September 26th. General Electric’s dividend payout ratio (DPR) is currently 19.68%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Melius Research increased their price objective on General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Sanford C. Bernstein lifted their price target 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 lifted their target price on shares of General Electric from $205.00 to $210.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. StockNews.com downgraded General Electric from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Finally, UBS Group raised their target price on General Electric from $223.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Two equities research 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 an average target price of $200.93.

General Electric Company 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.