Oppenheimer & Co. Inc. Buys 27,615 Shares of General Electric (NYSE:GE)

Oppenheimer & Co. Inc. lifted its holdings in General Electric (NYSE:GE - Free Report) by 72.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 65,683 shares of the conglomerate's stock after purchasing an additional 27,615 shares during the period. Oppenheimer & Co. Inc.'s holdings in General Electric were worth $12,386,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Tsfg LLC grew its position in shares of General Electric by 12.8% in the third quarter. Tsfg LLC now owns 485 shares of the conglomerate's stock valued at $92,000 after purchasing an additional 55 shares during the period. Macroview Investment Management LLC grew its stake in shares of General Electric by 37.9% in the second quarter. Macroview Investment Management LLC now owns 211 shares of the conglomerate's stock valued at $34,000 after buying an additional 58 shares in the last quarter. Strategic Advisors LLC boosted its holdings in General Electric by 2.6% in the third quarter. Strategic Advisors LLC now owns 2,267 shares of the conglomerate's stock valued at $428,000 after purchasing an additional 58 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in General Electric by 1.0% in the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,299 shares of the conglomerate's stock valued at $1,188,000 after purchasing an additional 60 shares during the last quarter. Finally, Allegheny Financial Group LTD lifted its holdings in General Electric by 1.4% during the 2nd quarter. Allegheny Financial Group LTD now owns 4,489 shares of the conglomerate's stock worth $714,000 after buying an additional 61 shares during the last quarter. Institutional investors own 74.77% of the company's stock.

General Electric Price Performance

Shares of NYSE GE traded up $0.90 during trading hours on Wednesday, hitting $183.54. 3,934,841 shares of the stock were exchanged, compared to its average volume of 6,253,212. 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 company has a market cap of $198.64 billion, a PE ratio of 32.55, a price-to-earnings-growth ratio of 1.80 and a beta of 1.19. The company's fifty day simple moving average is $181.35 and its two-hundred day simple moving average is $170.33. General Electric has a 1-year low of $92.46 and a 1-year high of $194.80.

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

General Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Thursday, September 26th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Thursday, September 26th. General Electric's payout ratio is presently 19.68%.

Insider Buying and Selling

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the business's stock in a transaction dated 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 transaction, the senior vice president now directly owns 13,289 shares in the company, valued at $2,407,036.57. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.66% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on GE shares. Royal Bank of Canada cut their price target on General Electric from $210.00 to $200.00 and set an "outperform" rating on the stock in a report on Wednesday, October 23rd. StockNews.com lowered General Electric from a "buy" rating to a "hold" rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft raised their target price on General Electric from $212.00 to $235.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. Bank of America lifted their price objective on General Electric from $180.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Finally, Melius Research raised their target price on General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, General Electric currently has a consensus rating of "Moderate Buy" and a consensus target price of $200.93.

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.