General Electric (NYSE:GE) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC trimmed its holdings in General Electric (NYSE:GE - Free Report) by 26.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,821 shares of the conglomerate's stock after selling 2,055 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in General Electric were worth $971,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in GE. State Street Corp raised its position in shares of General Electric by 2.1% in the 3rd quarter. State Street Corp now owns 43,322,827 shares of the conglomerate's stock worth $8,181,801,000 after acquiring an additional 898,296 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of General Electric by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 22,587,961 shares of the conglomerate's stock worth $4,244,676,000 after acquiring an additional 156,272 shares in the last quarter. Jennison Associates LLC lifted its position in General Electric by 1.4% during the fourth quarter. Jennison Associates LLC now owns 7,878,650 shares of the conglomerate's stock valued at $1,314,080,000 after acquiring an additional 106,891 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in General Electric by 1.7% in the fourth quarter. Bank of New York Mellon Corp now owns 6,766,421 shares of the conglomerate's stock valued at $1,128,571,000 after acquiring an additional 115,257 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in General Electric by 6.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,556,515 shares of the conglomerate's stock worth $1,236,428,000 after purchasing an additional 413,388 shares during the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

General Electric Trading Up 2.9 %

NYSE GE traded up $5.79 on Friday, reaching $207.22. 6,116,408 shares of the company were exchanged, compared to its average volume of 5,268,165. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The business's fifty day moving average price is $190.24 and its 200 day moving average price is $182.10. The stock has a market capitalization of $222.40 billion, a P/E ratio of 34.59, a price-to-earnings-growth ratio of 2.59 and a beta of 1.22. General Electric has a fifty-two week low of $124.08 and a fifty-two week high of $212.19.

General Electric (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Analysts forecast that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be issued a $0.36 dividend. This is a boost from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 dividend on an annualized basis and a yield of 0.69%. General Electric's dividend payout ratio is currently 24.04%.

Analyst Upgrades and Downgrades

GE has been the subject of several analyst reports. Bank of America increased their price objective on General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft cut their price target on shares of General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. Citigroup increased their price target on shares of General Electric from $216.00 to $235.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Redburn Atlantic started coverage on General Electric in a research note on Tuesday, February 18th. They issued a "buy" rating and a $250.00 target price on the stock. Finally, Wells Fargo & Company upped their price objective on shares of General Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $211.31.

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.