800 Shares in General Electric (NYSE:GE) Bought by Berbice Capital Management LLC

Berbice Capital Management LLC acquired a new stake in shares of General Electric (NYSE:GE) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 800 shares of the conglomerate’s stock, valued at approximately $133,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. AlTi Global Inc. boosted its stake in General Electric by 36.5% in the 2nd quarter. AlTi Global Inc. now owns 7,447 shares of the conglomerate’s stock worth $1,184,000 after purchasing an additional 1,991 shares in the last quarter. AXA S.A. increased its position in shares of General Electric by 297.1% during the 2nd quarter. AXA S.A. now owns 581,073 shares of the conglomerate’s stock valued at $86,580,000 after purchasing an additional 434,735 shares during the last quarter. AQR Capital Management LLC increased its position in shares of General Electric by 17.5% during the 2nd quarter. AQR Capital Management LLC now owns 2,947,084 shares of the conglomerate’s stock valued at $468,498,000 after purchasing an additional 439,105 shares during the last quarter. APG Asset Management N.V. increased its holdings in General Electric by 1.9% in the 2nd quarter. APG Asset Management N.V. now owns 1,165,522 shares of the conglomerate’s stock worth $172,879,000 after acquiring an additional 21,564 shares in the last quarter. Finally, DSM Capital Partners LLC purchased a new stake in General Electric during the 2nd quarter valued at approximately $25,074,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

General Electric Stock Down 1.8 %

General Electric stock opened at $197.12 on Friday. The stock has a market capitalization of $213.34 billion, a PE ratio of 34.83, a price-to-earnings-growth ratio of 1.53 and a beta of 1.19. General Electric has a 12 month low of $103.75 and a 12 month high of $207.65. The business has a 50 day simple moving average of $174.49 and a 200-day simple moving average of $174.59. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85.

General Electric (NYSE:GE) last posted its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 18.93% and a net margin of 11.48%. On average, analysts anticipate that General Electric will post 4.23 EPS for the current fiscal year.

General Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, December 27th. General Electric’s payout ratio is 19.68%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GE shares. Bank of America increased their target price on General Electric from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Sanford C. Bernstein raised their price target on General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft reduced their target price on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. JPMorgan Chase & Co. increased their target price on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of General Electric in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $203.80.

Insider Buying and Selling

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the business’s stock in a transaction on 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 transaction, the senior vice president now owns 13,289 shares of the company’s stock, valued at approximately $2,407,036.57. The trade was a 34.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Russell Stokes sold 15,550 shares of the business’s stock in a transaction 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 in the company, valued at $26,539,714.53. This trade represents a 9.46 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.

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.