Chiron Investment Management LLC Invests $4.29 Million in General Electric (NYSE:GE)

Chiron Investment Management LLC bought a new stake in shares of General Electric (NYSE:GE - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 22,742 shares of the conglomerate's stock, valued at approximately $4,289,000. General Electric comprises about 1.5% of Chiron Investment Management LLC's holdings, making the stock its 27th largest position.

Several other institutional investors have also bought and sold shares of GE. Toth Financial Advisory Corp bought a new position in General Electric during the third quarter valued at about $25,000. Valley Wealth Managers Inc. bought a new stake in shares of General Electric in the 3rd quarter worth approximately $25,000. O Brien Wealth Partners LLC bought a new position in General Electric during the third quarter valued at $27,000. Peterson Financial Group Inc. purchased a new position in shares of General Electric during the 3rd quarter valued at $28,000. Finally, Studio Investment Management LLC grew its stake in shares of General Electric by 97.5% during the 2nd quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate's stock worth $25,000 after acquiring an additional 78 shares during the period. Institutional investors own 74.77% of the company's stock.

Insider Transactions at General Electric

In related news, SVP Russell Stokes sold 15,550 shares of the firm's stock in a transaction that occurred 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 sale, the senior vice president now owns 148,857 shares in the company, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Riccardo Procacci sold 7,000 shares of the business's stock in a transaction on 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 sale, the senior vice president now owns 13,289 shares of the company's stock, valued at approximately $2,407,036.57. This represents a 34.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.66% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on GE shares. Citigroup lifted their target price on shares of General Electric from $198.00 to $216.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. UBS Group increased 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. Melius Research lifted their price target on General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Royal Bank of Canada cut their price objective on shares of General Electric from $210.00 to $200.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on General Electric from $212.00 to $235.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $201.93.

General Electric Trading Down 1.0 %

Shares of NYSE GE traded down $1.69 during midday trading on Wednesday, reaching $169.58. The company had a trading volume of 3,331,365 shares, compared to its average volume of 6,110,631. The firm's fifty day moving average price is $181.46 and its 200-day moving average price is $172.50. General Electric has a one year low of $95.92 and a one year high of $194.80. The stock has a market cap of $183.53 billion, a PE ratio of 29.77, a price-to-earnings-growth ratio of 1.69 and a beta of 1.17. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95.

General Electric (NYSE:GE - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. The business had revenue of $9.84 billion during the quarter, compared to analyst estimates of $9.02 billion. General Electric had a net margin of 11.48% and a return on equity of 18.93%. General Electric's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business posted $0.82 earnings per share. On average, equities research analysts anticipate that General Electric will post 4.24 earnings per share for the current year.

General Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 0.66%. General Electric's dividend payout ratio is currently 19.68%.

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.