Motive Wealth Advisors Invests $224,000 in General Electric (NYSE:GE)

Motive Wealth Advisors bought a new position in General Electric (NYSE:GE - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,342 shares of the conglomerate's stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of GE. Jennison Associates LLC grew its stake in General Electric by 91.8% in the third quarter. Jennison Associates LLC now owns 7,771,759 shares of the conglomerate's stock valued at $1,465,598,000 after acquiring an additional 3,719,894 shares during the period. International Assets Investment Management LLC increased its stake in General Electric by 21,069.8% during the 3rd quarter. International Assets Investment Management LLC now owns 3,173,142 shares of the conglomerate's stock valued at $598,391,000 after purchasing an additional 3,158,153 shares in the last quarter. Janus Henderson Group PLC raised its holdings in General Electric by 505.8% during the third quarter. Janus Henderson Group PLC now owns 1,908,434 shares of the conglomerate's stock worth $359,882,000 after buying an additional 1,593,413 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of General Electric by 206.5% in the third quarter. Franklin Resources Inc. now owns 1,444,466 shares of the conglomerate's stock valued at $278,247,000 after buying an additional 973,135 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of General Electric by 2.1% during the third quarter. State Street Corp now owns 43,322,827 shares of the conglomerate's stock valued at $8,181,801,000 after buying an additional 898,296 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors.

General Electric Stock Performance

NYSE:GE traded down $4.28 during trading hours on Friday, reaching $196.52. The stock had a trading volume of 4,459,220 shares, compared to its average volume of 6,298,942. The stock has a market cap of $212.69 billion, a P/E ratio of 34.56, a price-to-earnings-growth ratio of 1.53 and a beta of 1.19. The stock has a 50 day simple moving average of $174.93 and a 200 day simple moving average of $174.77. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13. General Electric has a 12-month low of $103.75 and a 12-month high of $207.65.

General Electric (NYSE:GE - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 18.93% and a net margin of 11.48%. On average, research analysts forecast that General Electric will post 4.23 EPS for the current fiscal year.

General Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.57%. The ex-dividend date is Friday, December 27th. General Electric's dividend payout ratio (DPR) is presently 19.68%.

Insider Activity at General Electric

In other news, SVP Russell Stokes sold 15,550 shares of the stock in a transaction dated 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 directly owns 148,857 shares of the company's stock, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Riccardo Procacci sold 7,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total transaction 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 represents a 34.50 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on GE shares. Wells Fargo & Company upped their target price on shares of General Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday. 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. JPMorgan Chase & Co. increased their price target on General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday. Northcoast Research assumed coverage on shares of General Electric in a research note on Tuesday, January 7th. They issued a "neutral" rating for the company. Finally, Sanford C. Bernstein increased their target price on shares of General Electric from $201.00 to $225.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Three 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 presently has an average rating of "Moderate Buy" and a consensus target price of $205.80.

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.