Titan Global Capital Management USA LLC lowered its holdings in shares of General Electric (NYSE:GE - Free Report) by 8.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,506 shares of the conglomerate's stock after selling 2,682 shares during the quarter. General Electric makes up 0.7% of Titan Global Capital Management USA LLC's portfolio, making the stock its 27th biggest holding. Titan Global Capital Management USA LLC's holdings in General Electric were worth $4,921,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd purchased a new position in shares of General Electric in the third quarter valued at $1,374,000. Continuum Advisory LLC raised its position in shares of General Electric by 82.4% during the 3rd quarter. Continuum Advisory LLC now owns 992 shares of the conglomerate's stock valued at $177,000 after buying an additional 448 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of General Electric by 38.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 20,563 shares of the conglomerate's stock valued at $3,878,000 after acquiring an additional 5,755 shares during the last quarter. Virtu Financial LLC purchased a new position in General Electric in the third quarter worth about $3,400,000. Finally, Westside Investment Management Inc. increased its stake in General Electric by 6.0% during the third quarter. Westside Investment Management Inc. now owns 1,245 shares of the conglomerate's stock worth $235,000 after acquiring an additional 70 shares during the last quarter. Institutional investors own 74.77% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on GE. Deutsche Bank Aktiengesellschaft reduced 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. JPMorgan Chase & Co. upped their price objective on shares of General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Bank of America upped their price objective on General Electric from $200.00 to $225.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Citigroup lowered their target price on shares of General Electric from $235.00 to $227.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Redburn Atlantic started coverage on General Electric in a research note on Tuesday, February 18th. They set a "buy" rating and a $250.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $213.33.
Check Out Our Latest Research Report on GE
General Electric Price Performance
Shares of NYSE:GE traded up $0.98 during midday trading on Tuesday, hitting $186.98. The company's stock had a trading volume of 2,181,804 shares, compared to its average volume of 5,459,710. The company has a market cap of $200.68 billion, a P/E ratio of 31.22, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. General Electric has a 12-month low of $146.78 and a 12-month high of $214.21. The business's 50 day simple moving average is $197.99 and its 200 day simple moving average is $186.61. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.
General Electric (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. On average, analysts forecast that General Electric will post 5.4 EPS for the current year.
General Electric Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.77%. This is a positive change from General Electric's previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. General Electric's payout ratio is presently 24.04%.
General Electric Profile
(
Free Report)
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.
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