Sapient Capital LLC Purchases 110,789 Shares of General Electric (NYSE:GE)

Sapient Capital LLC boosted its stake in shares of General Electric (NYSE:GE - Free Report) by 192.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 168,367 shares of the conglomerate's stock after acquiring an additional 110,789 shares during the period. Sapient Capital LLC's holdings in General Electric were worth $28,129,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in GE. Gilman Hill Asset Management LLC bought a new position in shares of General Electric in the 3rd quarter valued at $209,000. CVA Family Office LLC increased its stake in shares of General Electric by 4.4% in the 3rd quarter. CVA Family Office LLC now owns 1,962 shares of the conglomerate's stock valued at $370,000 after purchasing an additional 83 shares during the last quarter. Armstrong Advisory Group Inc. increased its stake in shares of General Electric by 62.9% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 3,641 shares of the conglomerate's stock valued at $687,000 after purchasing an additional 1,406 shares during the last quarter. Svenska Handelsbanken AB publ bought a new position in shares of General Electric in the 3rd quarter valued at $38,710,000. Finally, Oliver Luxxe Assets LLC increased its stake in shares of General Electric by 16.0% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 34,468 shares of the conglomerate's stock valued at $6,500,000 after purchasing an additional 4,752 shares during the last quarter. Institutional investors own 74.77% of the company's stock.

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Insider Activity

In other news, SVP Russell Stokes sold 15,550 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $178.29, for a total value of $2,772,409.50. Following the transaction, the senior vice president now directly 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.66% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GE. Deutsche Bank Aktiengesellschaft decreased their price target on General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. Northcoast Research initiated coverage on General Electric in a report on Tuesday, January 7th. They set a "neutral" rating on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price objective on shares of General Electric in a report on Wednesday, January 22nd. Citigroup raised their price objective on General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a report on Monday, January 27th. Finally, Wells Fargo & Company raised their price objective on General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, General Electric currently has a consensus rating of "Moderate Buy" and an average target price of $208.73.

General Electric Trading Up 0.1 %

GE traded up $0.26 during midday trading on Friday, hitting $208.62. 4,267,083 shares of the company were exchanged, compared to its average volume of 5,626,647. The firm has a market capitalization of $223.91 billion, a P/E ratio of 34.83, a P/E/G ratio of 2.56 and a beta of 1.22. General Electric has a 1-year low of $117.43 and a 1-year high of $211.42. The firm's 50 day moving average price is $182.00 and its 200-day moving average price is $178.98. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88.

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 22.19% and a net margin of 14.31%. As a group, equities analysts forecast that General Electric will post 5.39 EPS for the current fiscal year.

General Electric Increases Dividend

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

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.