MADDEN SECURITIES Corp Takes $474,000 Position in General Electric (NYSE:GE)

MADDEN SECURITIES Corp bought a new position in General Electric (NYSE:GE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,840 shares of the conglomerate's stock, valued at approximately $474,000.

Other hedge funds have also modified their holdings of the company. Toth Financial Advisory Corp acquired a new position in General Electric during the third quarter valued at approximately $25,000. Valley Wealth Managers Inc. acquired a new position in General Electric during the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC acquired a new position in General Electric during the third quarter valued at approximately $27,000. Hager Investment Management Services LLC acquired a new position in General Electric during the fourth quarter valued at approximately $27,000. Finally, Peterson Financial Group Inc. acquired a new position in General Electric during the third quarter valued at approximately $28,000. 74.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction on Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the sale, the senior vice president now owns 148,857 shares of the company's stock, valued at $26,539,714.53. The trade was a 9.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.66% of the stock is owned by company insiders.

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Analysts Set New Price Targets

GE has been the topic of a number of recent research reports. Melius Research boosted their target price on shares of General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Wells Fargo & Company boosted their price objective on shares of General Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. JPMorgan Chase & Co. upped their price objective on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Northcoast Research assumed coverage on General Electric in a research report on Tuesday, January 7th. They set a "neutral" rating on the stock. Finally, Bank of America increased their price target on General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, General Electric presently has a consensus rating of "Moderate Buy" and a consensus target price of $208.73.

General Electric Stock Performance

Shares of NYSE GE traded up $0.26 during mid-day trading on Friday, hitting $208.62. The company had a trading volume of 4,267,083 shares, compared to its average volume of 5,626,647. The stock has a market cap of $223.91 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 2.56 and a beta of 1.22. General Electric has a 12 month low of $117.43 and a 12 month high of $211.42. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The firm's 50 day simple moving average is $182.00 and its two-hundred day simple moving average is $178.98.

General Electric (NYSE:GE - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. As a group, equities research analysts forecast that General Electric will post 5.39 earnings per share for the current year.

General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.69%. This is an increase from General Electric's previous quarterly dividend of $0.28. General Electric's payout ratio is presently 18.70%.

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.