Legacy Private Trust Co. Has $3.78 Million Stock Position in General Electric (NYSE:GE)

Legacy Private Trust Co. raised its holdings in General Electric (NYSE:GE - Free Report) by 16.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,660 shares of the conglomerate's stock after buying an additional 3,206 shares during the quarter. Legacy Private Trust Co.'s holdings in General Electric were worth $3,779,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Studio Investment Management LLC boosted its stake in General Electric by 97.5% in the 2nd quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate's stock valued at $25,000 after buying an additional 78 shares in the last quarter. Toth Financial Advisory Corp acquired a new stake in shares of General Electric in the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. bought a new stake in shares of General Electric in the 3rd quarter worth about $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of General Electric during the 3rd quarter worth about $27,000. Finally, Peterson Financial Group Inc. bought a new position in General Electric during the 3rd quarter valued at about $28,000. Institutional investors own 74.77% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on GE. Melius Research raised their price objective on shares of General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Sanford C. Bernstein raised 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 boosted their price objective on General Electric from $198.00 to $216.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Royal Bank of Canada lowered their target price on General Electric from $210.00 to $200.00 and set an "outperform" rating for the company in a research note on Wednesday, October 23rd. Finally, Northcoast Research assumed coverage on shares of General Electric in a research report on Tuesday. They set a "neutral" rating on the stock. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $201.47.

Insiders Place Their Bets

In related news, SVP Russell Stokes sold 15,550 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was 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 in the company, valued at approximately $26,539,714.53. The trade was a 9.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Riccardo Procacci sold 7,000 shares of the firm's stock in a transaction that occurred 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 owns 13,289 shares in the company, valued at $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. Company insiders own 0.66% of the company's stock.

General Electric Trading Up 0.3 %

Shares of GE stock traded up $0.54 during trading hours on Wednesday, reaching $172.85. The company had a trading volume of 4,527,662 shares, compared to its average volume of 4,825,919. General Electric has a 1-year low of $100.95 and a 1-year high of $194.80. 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 market cap of $187.07 billion, a price-to-earnings ratio of 30.38, a P/E/G ratio of 1.63 and a beta of 1.19. The company has a 50 day moving average of $174.32 and a 200 day moving average of $173.28.

General Electric (NYSE:GE - Get Free Report) last released its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.02. The firm had revenue of $9.84 billion for the quarter, compared to analyst estimates of $9.02 billion. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The company's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.82 earnings per share. On average, equities research analysts anticipate that General Electric will post 4.24 EPS for the current year.

General Electric Announces Dividend

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

About General Electric

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.