International Assets Investment Management LLC Trims Stock Holdings in General Electric (NYSE:GE)

International Assets Investment Management LLC cut its holdings in shares of General Electric (NYSE:GE - Free Report) by 99.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,218 shares of the conglomerate's stock after selling 3,155,924 shares during the period. International Assets Investment Management LLC's holdings in General Electric were worth $2,903,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Tsfg LLC boosted its position in General Electric by 12.8% during the third quarter. Tsfg LLC now owns 485 shares of the conglomerate's stock valued at $92,000 after acquiring an additional 55 shares during the last quarter. Strategic Advisors LLC boosted its position in shares of General Electric by 2.6% during the 3rd quarter. Strategic Advisors LLC now owns 2,267 shares of the conglomerate's stock valued at $428,000 after purchasing an additional 58 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its stake in General Electric by 1.0% during the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,299 shares of the conglomerate's stock worth $1,188,000 after purchasing an additional 60 shares during the period. Meridian Management Co. increased its holdings in General Electric by 1.2% in the third quarter. Meridian Management Co. now owns 5,153 shares of the conglomerate's stock worth $972,000 after purchasing an additional 61 shares in the last quarter. Finally, Mayflower Financial Advisors LLC lifted its stake in General Electric by 3.0% in the third quarter. Mayflower Financial Advisors LLC now owns 2,115 shares of the conglomerate's stock valued at $399,000 after buying an additional 62 shares during the period. 74.77% of the stock is owned by institutional investors.

General Electric Stock Up 0.3 %

Shares of NYSE GE traded up $0.54 during trading on Wednesday, hitting $172.85. The stock had a trading volume of 4,527,662 shares, compared to its average volume of 4,825,919. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85. The firm has a fifty day moving average of $174.36 and a two-hundred day moving average of $173.28. General Electric has a 12 month low of $100.95 and a 12 month high of $194.80. The company has a market capitalization of $187.07 billion, a PE ratio of 30.38, a PEG ratio of 1.63 and a beta of 1.19.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, beating the consensus estimate 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 last year, the business posted $0.82 EPS. The company's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities research analysts forecast that General Electric will post 4.24 EPS for the current fiscal year.

General Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a $0.28 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.12 annualized dividend and a yield of 0.65%. General Electric's dividend payout ratio is currently 19.68%.

Analyst Ratings Changes

GE has been the subject of several research analyst reports. Royal Bank of Canada lowered their price objective on shares of General Electric from $210.00 to $200.00 and set an "outperform" rating for the company in a research note on Wednesday, October 23rd. Bank of America lifted their price target on shares of General Electric from $180.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Melius Research increased their price objective on shares of General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Wells Fargo & Company boosted their target price on General Electric from $210.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $201.47.

Insider Buying and Selling at General Electric

In related news, SVP Russell Stokes sold 15,550 shares of General Electric 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. The trade was a 9.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Riccardo Procacci sold 7,000 shares of the 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 transaction, the senior vice president now directly owns 13,289 shares of the company's stock, valued at approximately $2,407,036.57. This trade represents a 34.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company's stock.

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.