Krilogy Financial LLC Increases Position in General Electric (NYSE:GE)

Krilogy Financial LLC lifted its stake in General Electric (NYSE:GE - Free Report) by 21.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,082 shares of the conglomerate's stock after acquiring an additional 4,329 shares during the period. Krilogy Financial LLC's holdings in General Electric were worth $4,017,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Toth Financial Advisory Corp acquired a new stake in General Electric in the third quarter valued at approximately $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of General Electric in the 3rd quarter worth $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of General Electric in the 3rd quarter worth $27,000. Peterson Financial Group Inc. purchased a new position in General Electric during the 3rd quarter worth $28,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in General Electric during the 3rd quarter valued at about $30,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

General Electric Stock Performance

Shares of NYSE:GE traded up $3.09 during trading on Friday, hitting $182.83. 5,887,078 shares of the stock traded hands, compared to its average volume of 4,238,171. The company has a fifty day moving average price of $174.33 and a two-hundred day moving average price of $174.08. General Electric has a 52-week low of $101.16 and a 52-week high of $194.80. The company has a market cap of $197.87 billion, a price-to-earnings ratio of 32.13, a P/E/G ratio of 1.40 and a beta of 1.19. 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 released its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The company had revenue of $9.84 billion during the quarter, compared to analysts' expectations of $9.02 billion. During the same quarter in the previous year, the company earned $0.82 earnings per share. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities analysts predict that General Electric will post 4.23 EPS for the current year.

General Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.61%. The ex-dividend date is Friday, December 27th. General Electric's payout ratio is currently 19.68%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GE. Bank of America raised their price target on General Electric from $180.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. Citigroup upped their price target on shares of General Electric from $198.00 to $216.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Northcoast Research assumed coverage on shares of General Electric in a report on Tuesday, January 7th. They issued a "neutral" rating for the company. Finally, UBS Group boosted their price objective on shares of General Electric from $223.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $201.47.

Insider Activity

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the completion of the transaction, the senior vice president now owns 13,289 shares of the company's stock, valued at $2,407,036.57. This represents a 34.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Company insiders own 0.66% of the company's stock.

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.