25,907 Shares in General Electric (NYSE:GE) Bought by Groupama Asset Managment

Groupama Asset Managment purchased a new stake in General Electric (NYSE:GE - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm purchased 25,907 shares of the conglomerate's stock, valued at approximately $49,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. raised its position in shares of General Electric by 8.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 381,414 shares of the conglomerate's stock worth $71,927,000 after purchasing an additional 28,930 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in General Electric during the 3rd quarter worth approximately $1,374,000. Raab & Moskowitz Asset Management LLC bought a new position in General Electric in the third quarter valued at approximately $262,000. MML Investors Services LLC boosted its holdings in shares of General Electric by 10.9% in the third quarter. MML Investors Services LLC now owns 130,001 shares of the conglomerate's stock valued at $24,516,000 after buying an additional 12,739 shares during the period. Finally, Northeast Financial Consultants Inc bought a new stake in shares of General Electric during the third quarter worth $237,000. Institutional investors own 74.77% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. 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 research report on Wednesday, October 23rd. Sanford C. Bernstein boosted their price target on General Electric from $201.00 to $225.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Citigroup increased their price objective on General Electric from $198.00 to $216.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Bank of America boosted their target price on General Electric from $180.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Finally, Melius Research increased their target price on shares of General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Two equities 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $200.93.

General Electric Stock Performance

General Electric stock traded down $0.03 during mid-day trading on Tuesday, hitting $171.29. 5,099,788 shares of the company's stock traded hands, compared to its average volume of 6,122,727. General Electric has a fifty-two week low of $95.71 and a fifty-two week high of $194.80. The stock has a market cap of $185.39 billion, a price-to-earnings ratio of 30.10, a P/E/G ratio of 1.73 and a beta of 1.17. The firm has a 50 day simple moving average of $181.76 and a two-hundred day simple moving average of $172.48. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85.

General Electric (NYSE:GE - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. The business had revenue of $9.84 billion during the quarter, compared to the consensus estimate of $9.02 billion. General Electric had a net margin of 11.48% and a return on equity of 18.93%. General Electric's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 EPS. On average, research analysts expect that General Electric will post 4.24 EPS for the current fiscal year.

General Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.65%. General Electric's dividend payout ratio (DPR) is currently 19.68%.

Insider Buying and Selling

In other news, SVP Riccardo Procacci sold 7,000 shares of the stock in a transaction 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 sale, the senior vice president now directly owns 13,289 shares of the company's stock, valued at approximately $2,407,036.57. This represents a 34.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Russell Stokes sold 15,550 shares of the business's stock in a transaction dated 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 directly owns 148,857 shares of the company's stock, 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. 0.66% of the stock is currently owned by insiders.

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.