Golden State Wealth Management LLC Makes New Investment in General Electric (NYSE:GE)

Golden State Wealth Management LLC purchased a new stake in General Electric (NYSE:GE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,507 shares of the conglomerate's stock, valued at approximately $251,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Toth Financial Advisory Corp bought a new stake in shares of General Electric during the third quarter worth $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of General Electric during the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC acquired a new position in General Electric in the 3rd quarter worth about $27,000. Hager Investment Management Services LLC bought a new position in General Electric in the fourth quarter valued at about $27,000. Finally, Peterson Financial Group Inc. acquired a new stake in shares of General Electric during the third quarter valued at about $28,000. Institutional investors and hedge funds own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on GE. Melius Research lifted their target price on shares of General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price objective on shares of General Electric in a research note on Wednesday, January 22nd. Citigroup lifted their target price on General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft decreased their price target on General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. Finally, UBS Group lifted their price objective on General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $208.73.

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General Electric Stock Up 0.4 %

Shares of General Electric stock traded up $0.89 during trading on Wednesday, reaching $209.71. 4,593,175 shares of the company traded hands, compared to its average volume of 5,741,685. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. General Electric has a 1-year low of $110.95 and a 1-year high of $211.42. The company has a 50 day moving average price of $180.75 and a 200-day moving average price of $178.56. The firm has a market capitalization of $225.08 billion, a PE ratio of 35.01, a P/E/G ratio of 2.56 and a beta of 1.22.

General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share 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 earnings per share for the current fiscal year.

General Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Friday, December 27th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $1.12 annualized dividend and a yield of 0.53%. General Electric's payout ratio is 18.70%.

Insiders Place Their Bets

In other news, SVP Russell Stokes sold 15,550 shares of the company's stock in a transaction on 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 owns 148,857 shares in the company, valued at $26,539,714.53. This represents a 9.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.66% of the company's stock.

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.