Insigneo Advisory Services LLC Has $468,000 Position in General Electric (NYSE:GE)

Insigneo Advisory Services LLC cut its stake in General Electric (NYSE:GE - Free Report) by 54.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,808 shares of the conglomerate's stock after selling 3,358 shares during the period. Insigneo Advisory Services LLC's holdings in General Electric were worth $468,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of GE. New Age Alpha Advisors LLC boosted its holdings in shares of General Electric by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate's stock worth $25,000 after acquiring an additional 84 shares in the last quarter. Hager Investment Management Services LLC bought a new position in shares of General Electric in the fourth quarter valued at about $27,000. Sumitomo Mitsui Financial Group Inc. acquired a new position in General Electric during the 4th quarter worth about $28,000. Sugar Maple Asset Management LLC bought a new stake in General Electric during the 4th quarter worth about $29,000. Finally, CBIZ Investment Advisory Services LLC acquired a new stake in General Electric in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 74.77% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on GE shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. UBS Group raised their price target on General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a report on Friday, January 24th. Royal Bank of Canada restated an "outperform" rating and set a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. Redburn Atlantic initiated coverage on shares of General Electric in a research report on Tuesday, February 18th. They set a "buy" rating and a $250.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price objective on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, General Electric presently has a consensus rating of "Moderate Buy" and a consensus target price of $213.33.

General Electric Trading Up 3.9 %

Shares of General Electric stock traded up $7.00 during trading hours on Tuesday, hitting $185.35. The company's stock had a trading volume of 3,747,866 shares, compared to its average volume of 5,898,248. General Electric has a 12 month low of $150.20 and a 12 month high of $214.21. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The company has a market capitalization of $198.93 billion, a PE ratio of 30.96, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. The stock has a 50 day moving average of $195.49 and a 200 day moving average of $186.46.

General Electric (NYSE:GE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The conglomerate reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.20. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Analysts predict that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be given a dividend of $0.36 per share. This is a boost from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Monday, March 10th. General Electric's dividend payout ratio is currently 24.04%.

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.