SFG Wealth Management LLC. Trims Stake in General Electric (NYSE:GE)

SFG Wealth Management LLC. lessened its position in General Electric (NYSE:GE - Free Report) by 85.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,229 shares of the conglomerate's stock after selling 13,407 shares during the period. SFG Wealth Management LLC.'s holdings in General Electric were worth $372,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Tsfg LLC raised its position in General Electric by 12.8% in the 3rd quarter. Tsfg LLC now owns 485 shares of the conglomerate's stock worth $92,000 after buying an additional 55 shares during the last quarter. Saxon Interests Inc. raised its holdings in shares of General Electric by 4.2% during the fourth quarter. Saxon Interests Inc. now owns 1,425 shares of the conglomerate's stock valued at $238,000 after purchasing an additional 57 shares during the last quarter. Strategic Advisors LLC lifted its position in General Electric by 2.6% during 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 period. 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 worth $1,188,000 after purchasing an additional 60 shares during the last quarter. Finally, Meridian Management Co. boosted its holdings in General Electric by 1.2% in the third quarter. Meridian Management Co. now owns 5,153 shares of the conglomerate's stock worth $972,000 after purchasing an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Wall Street Analysts Forecast Growth

GE has been the topic of several research analyst reports. Sanford C. Bernstein increased their price target on General Electric from $201.00 to $225.00 and gave the company an "outperform" rating in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft lowered their target price on General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Wells Fargo & Company boosted their price target on General Electric from $210.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. UBS Group increased their price objective on shares of General Electric from $223.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Finally, Citigroup boosted their target price on shares of General Electric from $198.00 to $216.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $201.47.

General Electric Price Performance

NYSE GE traded up $3.09 during trading hours on Monday, reaching $182.83. The company's stock had a trading volume of 5,887,078 shares, compared to its average volume of 4,238,171. General Electric has a 1 year low of $101.16 and a 1 year high of $194.80. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $197.87 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 1.40 and a beta of 1.19. The firm's 50-day moving average price is $174.33 and its 200-day moving average price is $174.16.

General Electric (NYSE:GE - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. The firm had revenue of $9.84 billion during the quarter, compared to analyst estimates of $9.02 billion. General Electric had a net margin of 11.48% and a return on equity of 18.93%. General Electric's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.82 earnings per share. On average, equities research analysts predict that General Electric will post 4.23 EPS for the current fiscal year.

General Electric Dividend Announcement

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

Insider Activity at General Electric

In related news, SVP Russell Stokes sold 15,550 shares of the stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 148,857 shares of the company's stock, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction dated 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 transaction, the senior vice president now owns 13,289 shares of the company's stock, valued at approximately $2,407,036.57. This 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 corporate insiders.

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.