Atria Investments Inc Buys 3,179 Shares of General Electric (NYSE:GE)

Atria Investments Inc boosted its holdings in shares of General Electric (NYSE:GE - Free Report) by 15.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,407 shares of the conglomerate's stock after acquiring an additional 3,179 shares during the quarter. Atria Investments Inc's holdings in General Electric were worth $4,414,000 at the end of the most recent quarter.

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

Insider Activity at General Electric

In related news, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction dated 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 completion of the sale, 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 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.66% of the stock is owned by insiders.

General Electric Stock Performance

General Electric stock traded up $0.92 on Wednesday, reaching $183.56. 3,899,935 shares of the stock were exchanged, compared to its average volume of 6,253,054. The stock has a market cap of $198.67 billion, a PE ratio of 32.55, a PEG ratio of 1.80 and a beta of 1.19. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. General Electric has a twelve month low of $92.46 and a twelve month high of $194.80. The firm has a fifty day moving average price of $181.35 and a two-hundred day moving average price of $170.33.

General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The business had revenue of $9.84 billion for the quarter, compared to analysts' expectations of $9.02 billion. During the same period in the prior year, the firm earned $0.82 earnings per share. General Electric's revenue was up 5.8% compared to the same quarter last year. Sell-side analysts anticipate that General Electric will post 4.22 EPS for the current year.

General Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 26th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Thursday, September 26th. General Electric's dividend payout ratio (DPR) is currently 19.68%.

Analyst Ratings Changes

A number of analysts have issued reports on GE shares. Deutsche Bank Aktiengesellschaft lifted their price target on General Electric from $212.00 to $235.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Citigroup lifted their target price on General Electric from $198.00 to $216.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. UBS Group lifted their target price on General Electric from $223.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. StockNews.com cut General Electric from a "buy" rating to a "hold" rating in a research report on Monday, July 29th. Finally, Royal Bank of Canada cut their target price on General Electric from $210.00 to $200.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 23rd. Two equities 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, General Electric currently has an average rating of "Moderate Buy" and a consensus target price of $200.93.

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.