Holocene Advisors LP Sells 460,280 Shares of General Electric (NYSE:GE)

Holocene Advisors LP lowered its holdings in General Electric (NYSE:GE - Free Report) by 60.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 304,371 shares of the conglomerate's stock after selling 460,280 shares during the period. Holocene Advisors LP's holdings in General Electric were worth $57,398,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Studio Investment Management LLC increased 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 worth $25,000 after acquiring an additional 78 shares during the last quarter. Toth Financial Advisory Corp acquired a new position in shares of General Electric in the third quarter worth $25,000. Valley Wealth Managers Inc. acquired a new position in shares of General Electric in the third quarter worth $25,000. O Brien Wealth Partners LLC acquired a new position in shares of General Electric in the third quarter worth $27,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of General Electric in the third quarter worth $28,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on GE. Citigroup increased their target price on shares of General Electric from $198.00 to $216.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Bank of America increased their target price on shares of General Electric from $180.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Wells Fargo & Company upped their price target on shares of General Electric from $205.00 to $210.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of General Electric from $212.00 to $235.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Finally, UBS Group upped their price target 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. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $200.93.

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Insider Transactions at General Electric

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total value of $1,267,910.00. Following the sale, the senior vice president now directly owns 13,289 shares in the company, valued at approximately $2,407,036.57. The trade was a 34.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction on Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the sale, the senior vice president now owns 148,857 shares in the company, valued at $26,539,714.53. The trade was a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.66% of the company's stock.

General Electric Trading Down 0.1 %

GE traded down $0.16 during trading on Tuesday, reaching $180.28. 1,652,671 shares of the company's stock were exchanged, compared to its average volume of 6,120,815. The company's fifty day moving average price is $183.01 and its 200-day moving average price is $171.80. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13. General Electric has a fifty-two week low of $94.54 and a fifty-two week high of $194.80. The firm has a market capitalization of $195.12 billion, a PE ratio of 31.75, a P/E/G ratio of 1.79 and a beta of 1.17.

General Electric (NYSE:GE - Get Free Report) last released its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, topping 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 firm had revenue of $9.84 billion during the quarter, compared to analyst estimates of $9.02 billion. During the same quarter in the previous year, the business earned $0.82 EPS. The business's quarterly revenue was up 5.8% compared to the same quarter last year. As a group, equities analysts forecast that General Electric will post 4.24 EPS for the current year.

General Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Thursday, September 26th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.62%. General Electric's dividend payout ratio is 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.