LMR Partners LLP Purchases 41,594 Shares of General Electric (NYSE:GE)

LMR Partners LLP lifted its position in shares of General Electric (NYSE:GE - Free Report) by 36.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 156,238 shares of the conglomerate's stock after purchasing an additional 41,594 shares during the period. LMR Partners LLP's holdings in General Electric were worth $29,463,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC boosted its position in General Electric by 117.7% during the third quarter. Catalyst Capital Advisors LLC now owns 270 shares of the conglomerate's stock worth $51,000 after purchasing an additional 146 shares during the period. Mackenzie Financial Corp boosted its holdings in General Electric by 10.5% in the 2nd quarter. Mackenzie Financial Corp now owns 603,988 shares of the conglomerate's stock worth $96,016,000 after buying an additional 57,372 shares during the period. Marietta Investment Partners LLC purchased a new position in General Electric in the 2nd quarter valued at approximately $1,569,000. GAMMA Investing LLC raised its holdings in General Electric by 25.4% during the 2nd quarter. GAMMA Investing LLC now owns 16,999 shares of the conglomerate's stock valued at $2,702,000 after acquiring an additional 3,442 shares during the period. Finally, Senator Investment Group LP bought a new stake in General Electric during the 2nd quarter valued at $34,973,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Riccardo Procacci sold 7,000 shares of General Electric 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 sale, the senior vice president now owns 13,289 shares in the company, valued at $2,407,036.57. The trade was a 34.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.66% of the stock is owned by insiders.

General Electric Trading Up 0.3 %

GE traded up $0.54 on Monday, hitting $177.47. 1,654,500 shares of the company were exchanged, compared to its average volume of 6,223,091. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13. The firm has a fifty day simple moving average of $182.29 and a two-hundred day simple moving average of $170.71. The stock has a market capitalization of $192.07 billion, a PE ratio of 31.07, a price-to-earnings-growth ratio of 1.75 and a beta of 1.19. General Electric has a 12 month low of $94.54 and a 12 month high of $194.80.

General Electric (NYSE:GE - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. The firm had revenue of $9.84 billion for the quarter, compared to analysts' expectations of $9.02 billion. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The business's revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business earned $0.82 earnings per share. Sell-side analysts expect that General Electric will post 4.22 earnings per share for the current year.

General Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 26th were paid a $0.28 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 0.63%. General Electric's payout ratio is presently 19.68%.

Analyst Ratings Changes

GE has been the topic of several analyst reports. Barclays upped their price target on General Electric from $175.00 to $200.00 and gave the company an "overweight" rating in a research report on Tuesday, July 30th. Royal Bank of Canada decreased their price target on shares of General Electric from $210.00 to $200.00 and set an "outperform" rating on the stock in a report on Wednesday, October 23rd. UBS Group lifted their price objective on General Electric from $223.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Citigroup upped their target price on General Electric from $198.00 to $216.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Finally, Bank of America lifted their price target on General Electric from $180.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $200.93.

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.