3,311 Shares in General Electric (NYSE:GE) Bought by OneAscent Financial Services LLC

OneAscent Financial Services LLC purchased a new stake in General Electric (NYSE:GE - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,311 shares of the conglomerate's stock, valued at approximately $625,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital International Investors increased its holdings in shares of General Electric by 9.9% in the first quarter. Capital International Investors now owns 59,100,643 shares of the conglomerate's stock valued at $10,373,936,000 after purchasing an additional 5,309,543 shares during the period. Newport Trust Company LLC acquired a new position in shares of General Electric in the second quarter valued at about $2,613,332,000. Capital World Investors increased its holdings in shares of General Electric by 2,818.1% in the first quarter. Capital World Investors now owns 12,749,560 shares of the conglomerate's stock valued at $2,237,930,000 after purchasing an additional 12,312,648 shares during the period. Legal & General Group Plc increased its holdings in shares of General Electric by 5.8% in the second quarter. Legal & General Group Plc now owns 8,405,731 shares of the conglomerate's stock valued at $1,336,257,000 after purchasing an additional 459,201 shares during the period. Finally, Canada Pension Plan Investment Board grew its holdings in General Electric by 221.6% during the first quarter. Canada Pension Plan Investment Board now owns 7,121,741 shares of the conglomerate's stock worth $1,250,079,000 after acquiring an additional 4,907,530 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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. The trade was a 34.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.66% of the stock is owned by insiders.

General Electric Trading Up 0.0 %

General Electric stock traded up $0.03 during trading on Tuesday, reaching $177.56. 3,215,539 shares of the company were exchanged, compared to its average volume of 6,214,934. General Electric has a 52-week low of $94.54 and a 52-week high of $194.80. The company has a market capitalization of $192.17 billion, a P/E ratio of 31.20, a PEG ratio of 1.75 and a beta of 1.19. 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 stock's 50 day simple moving average is $182.75 and its two-hundred day simple moving average is $170.91.

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

General Electric Announces Dividend

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

Analysts Set New Price Targets

Several research firms recently commented on GE. StockNews.com lowered General Electric from a "buy" rating to a "hold" rating in a report on Monday, July 29th. Citigroup raised their target price on General Electric from $198.00 to $216.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Bank of America raised their target price on General Electric from $180.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Wells Fargo & Company raised their target price on General Electric from $205.00 to $210.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on General Electric from $212.00 to $235.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $200.93.

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.