General Electric (NYSE:GE) Shares Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC lifted its holdings in shares of General Electric (NYSE:GE - Free Report) by 62.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,327 shares of the conglomerate's stock after purchasing an additional 1,276 shares during the quarter. Proficio Capital Partners LLC's holdings in General Electric were worth $555,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. SPC Financial Inc. lifted its stake in General Electric by 14.2% during the fourth quarter. SPC Financial Inc. now owns 3,521 shares of the conglomerate's stock worth $587,000 after purchasing an additional 437 shares in the last quarter. Assetmark Inc. boosted its holdings in General Electric by 14.7% during the 4th quarter. Assetmark Inc. now owns 312,142 shares of the conglomerate's stock valued at $52,062,000 after acquiring an additional 40,091 shares during the period. NewSquare Capital LLC increased its stake in General Electric by 42.3% during the fourth quarter. NewSquare Capital LLC now owns 552 shares of the conglomerate's stock worth $92,000 after purchasing an additional 164 shares during the period. Snider Financial Group lifted its position in shares of General Electric by 30.2% during the fourth quarter. Snider Financial Group now owns 3,995 shares of the conglomerate's stock worth $666,000 after purchasing an additional 926 shares in the last quarter. Finally, Keybank National Association OH boosted its stake in shares of General Electric by 6.2% in the fourth quarter. Keybank National Association OH now owns 49,904 shares of the conglomerate's stock valued at $8,323,000 after purchasing an additional 2,915 shares during the period. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

General Electric Stock Performance

Shares of GE traded up $1.75 during mid-day trading on Tuesday, reaching $211.98. 2,185,996 shares of the company's stock were exchanged, compared to its average volume of 5,350,355. The business's fifty day simple moving average is $199.41 and its 200-day simple moving average is $185.47. General Electric has a 52-week low of $133.99 and a 52-week high of $212.19. The stock has a market capitalization of $227.52 billion, a PE ratio of 35.37, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81.

General Electric (NYSE:GE - Get Free Report) last announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, equities research analysts expect that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The business 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 $0.36 dividend. This is an increase from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Monday, March 10th. General Electric's dividend payout ratio (DPR) is 24.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GE shares. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. Wells Fargo & Company boosted their price objective on General Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. JPMorgan Chase & Co. boosted their price target on shares of General Electric from $190.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Finally, Citigroup increased their target price on General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a report on Monday, January 27th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $211.31.

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.