Jackson Square Capital LLC Sells 3,063 Shares of General Electric (NYSE:GE)

Jackson Square Capital LLC lowered its stake in shares of General Electric (NYSE:GE - Free Report) by 34.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,954 shares of the conglomerate's stock after selling 3,063 shares during the period. Jackson Square Capital LLC's holdings in General Electric were worth $993,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Tsfg LLC raised 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 in the last quarter. Saxon Interests Inc. increased its stake in shares of General Electric by 4.2% during the 4th quarter. Saxon Interests Inc. now owns 1,425 shares of the conglomerate's stock worth $238,000 after purchasing an additional 57 shares during the last quarter. Strategic Advisors LLC raised its holdings 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. raised its holdings in shares of General Electric by 1.0% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,299 shares of the conglomerate's stock valued at $1,188,000 after purchasing an additional 60 shares in the last quarter. Finally, Meridian Management Co. lifted its stake in shares of General Electric by 1.2% in the 3rd quarter. Meridian Management Co. now owns 5,153 shares of the conglomerate's stock valued at $972,000 after purchasing an additional 61 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at General Electric

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

General Electric Price Performance

NYSE:GE traded up $3.09 during trading hours on Friday, reaching $182.83. The company had a trading volume of 5,887,078 shares, compared to its average volume of 4,238,171. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95. The stock has a 50-day moving average of $174.33 and a two-hundred day moving average of $174.08. General Electric has a one year low of $101.16 and a one year high of $194.80. The firm has a market capitalization of $197.87 billion, a PE ratio of 32.13, a PEG ratio of 1.40 and a beta of 1.19.

General Electric (NYSE:GE - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping 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 business had revenue of $9.84 billion for the quarter, compared to analyst estimates of $9.02 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. Analysts forecast that General Electric will post 4.23 earnings per share for the current year.

General Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.61%. General Electric's dividend payout ratio (DPR) is presently 19.68%.

Wall Street Analysts Forecast Growth

GE has been the subject of a number of analyst reports. Royal Bank of Canada reduced their price target on General Electric from $210.00 to $200.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. UBS Group boosted their price objective on General Electric from $223.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Bank of America raised their target price on General Electric from $180.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Finally, Sanford C. Bernstein upped their price target on General Electric from $201.00 to $225.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $201.47.

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.