SG Americas Securities LLC Increases Position in General Electric (NYSE:GE)

SG Americas Securities LLC increased its stake in shares of General Electric (NYSE:GE - Free Report) by 616.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 445,850 shares of the conglomerate's stock after buying an additional 383,632 shares during the quarter. SG Americas Securities LLC's holdings in General Electric were worth $74,363,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in GE. Toth Financial Advisory Corp acquired a new stake in shares of General Electric during the 3rd quarter worth approximately $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of General Electric in the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of General Electric in the 3rd quarter valued at $27,000. Peterson Financial Group Inc. bought a new position in shares of General Electric in the 3rd quarter valued at $28,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of General Electric during the 4th quarter worth $29,000. Institutional investors own 74.77% of the company's stock.

General Electric Trading Up 6.5 %

General Electric stock traded up $12.30 during mid-day trading on Thursday, hitting $200.66. 14,394,800 shares of the stock were exchanged, compared to its average volume of 6,436,080. The firm's fifty day simple moving average is $174.49 and its two-hundred day simple moving average is $174.59. 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 has a 12 month low of $101.16 and a 12 month high of $207.65. The stock has a market capitalization of $217.17 billion, a price-to-earnings ratio of 35.26, a PEG ratio of 1.53 and a beta of 1.19.

General Electric (NYSE:GE - Get Free Report) last announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.27. General Electric had a net margin of 11.48% and a return on equity of 18.93%. Analysts forecast that General Electric will post 4.23 EPS for the current year.

General Electric Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.56%. General Electric's payout ratio is currently 19.68%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Sanford C. Bernstein lifted their target price on General Electric from $201.00 to $225.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Citigroup lifted their price target on shares of General Electric from $198.00 to $216.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Melius Research increased their price objective on shares of General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft decreased their target price 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. Finally, Bank of America increased their price target on General Electric from $180.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $201.47.

Insider Buying and Selling at General Electric

In related news, SVP Riccardo Procacci sold 7,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total value of $1,267,910.00. Following the completion of the sale, the senior vice president now directly owns 13,289 shares of the company's stock, valued at $2,407,036.57. The trade was a 34.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Russell Stokes sold 15,550 shares of the business'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 of the company's stock, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their position. The disclosure for this sale can be found here. 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.