General Electric (NYSE:GE) Position Increased by SeaTown Holdings Pte. Ltd.

SeaTown Holdings Pte. Ltd. boosted its stake in shares of General Electric (NYSE:GE - Free Report) by 61.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 56,208 shares of the conglomerate's stock after acquiring an additional 21,500 shares during the period. General Electric comprises about 6.4% of SeaTown Holdings Pte. Ltd.'s holdings, making the stock its 9th biggest holding. SeaTown Holdings Pte. Ltd.'s holdings in General Electric were worth $9,375,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Oppenheimer Asset Management Inc. purchased a new position in General Electric during the second quarter worth approximately $556,000. Seven Eight Capital LP acquired a new stake in General Electric in the 2nd quarter valued at approximately $560,000. ProVise Management Group LLC raised its position in General Electric by 18.8% in the second quarter. ProVise Management Group LLC now owns 2,787 shares of the conglomerate's stock valued at $443,000 after purchasing an additional 442 shares during the period. Brighton Jones LLC lifted its stake in General Electric by 1.3% during the second quarter. Brighton Jones LLC now owns 8,020 shares of the conglomerate's stock worth $1,275,000 after purchasing an additional 106 shares in the last quarter. Finally, Ieq Capital LLC grew its stake in shares of General Electric by 4.6% in the second quarter. Ieq Capital LLC now owns 42,347 shares of the conglomerate's stock valued at $6,732,000 after buying an additional 1,868 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company's stock.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the business's stock in a transaction on 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 transaction, the senior vice president now directly owns 148,857 shares of the company's stock, valued at approximately $26,539,714.53. The trade was a 9.46 % decrease in their position. 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 firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the completion of the sale, the senior vice president now owns 13,289 shares of the company's stock, valued at $2,407,036.57. This trade 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.

General Electric Stock Performance

NYSE GE traded up $3.09 on Friday, reaching $182.83. The stock had a trading volume of 5,887,078 shares, compared to its average volume of 4,238,171. The stock has a market cap of $197.87 billion, a P/E ratio of 32.13, a price-to-earnings-growth ratio of 1.40 and a beta of 1.19. General Electric has a 12-month low of $101.16 and a 12-month high of $194.80. The business's 50-day moving average price is $174.33 and its 200 day moving average price is $174.08. 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 (NYSE:GE - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The firm had revenue of $9.84 billion during the quarter, compared to the consensus estimate of $9.02 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. General Electric's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities analysts expect that General Electric will post 4.23 earnings per share for the current year.

General Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, December 27th. General Electric's dividend payout ratio is currently 19.68%.

Analyst Ratings Changes

A number of equities analysts recently commented on GE shares. Melius Research raised their target price on General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of General Electric from $235.00 to $228.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. Bank of America increased their target price on shares of General Electric from $180.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Citigroup boosted their price target on shares of General Electric from $198.00 to $216.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Finally, Northcoast Research began coverage on General Electric in a report on Tuesday, January 7th. They issued a "neutral" rating for the company. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, General Electric presently has an average rating of "Moderate Buy" and a consensus price target of $201.47.

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.