1,280 Shares in General Electric (NYSE:GE) Bought by bLong Financial LLC

bLong Financial LLC acquired a new position in General Electric (NYSE:GE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,280 shares of the conglomerate’s stock, valued at approximately $213,000.

Other institutional investors also recently modified their holdings of the company. Toth Financial Advisory Corp bought a new stake in shares of General Electric in the third quarter worth $25,000. Valley Wealth Managers Inc. acquired a new position in General Electric in the third quarter valued at $25,000. O Brien Wealth Partners LLC acquired a new position in General Electric in the third quarter valued at $27,000. Peterson Financial Group Inc. acquired a new position in General Electric in the third quarter valued at $28,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in General Electric in the third quarter valued at $30,000. Institutional investors own 74.77% of the company’s stock.

Insiders Place Their Bets

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.66% of the stock is currently owned by insiders.

General Electric Trading Up 0.1 %

NYSE:GE opened at $208.62 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The firm has a 50-day moving average of $182.66 and a 200-day moving average of $179.25. The company has a market cap of $223.91 billion, a PE ratio of 34.83, a PEG ratio of 2.56 and a beta of 1.22. General Electric has a one year low of $117.43 and a one year high of $211.42.

General Electric (NYSE:GE) last posted its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping 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, equities research analysts expect that General Electric will post 5.39 EPS for the current fiscal year.

General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be given a dividend of $0.36 per share. This is an increase from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.69%. General Electric’s payout ratio is presently 18.70%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. UBS Group boosted their target price on shares of General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a report on Friday, January 24th. Citigroup boosted their target price on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a report on Monday, January 27th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. Bank of America boosted their target price on shares of General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective 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 equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $208.73.

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.