Slagle Financial LLC reduced its holdings in General Electric (NYSE:GE - Free Report) by 13.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,490 shares of the conglomerate's stock after selling 2,972 shares during the quarter. General Electric comprises 1.5% of Slagle Financial LLC's investment portfolio, making the stock its 24th biggest holding. Slagle Financial LLC's holdings in General Electric were worth $3,251,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. New Age Alpha Advisors LLC grew its position in shares of General Electric by 133.3% in the fourth quarter. New Age Alpha Advisors LLC now owns 147 shares of the conglomerate's stock valued at $25,000 after purchasing an additional 84 shares during the last quarter. Hager Investment Management Services LLC acquired a new position in General Electric in the 4th quarter valued at $27,000. Sugar Maple Asset Management LLC acquired a new position in General Electric in the fourth quarter valued at $29,000. CBIZ Investment Advisory Services LLC purchased a new position in shares of General Electric during the 4th quarter worth about $29,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in shares of General Electric in the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 74.77% of the company's stock.
Wall Street Analyst Weigh In
GE has been the subject of a number of research reports. UBS Group boosted their price target on General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Redburn Atlantic started coverage on shares of General Electric in a research report on Tuesday, February 18th. They issued a "buy" rating and a $250.00 price objective for the company. Northcoast Research began coverage on General Electric in a research report on Tuesday, January 7th. They issued a "neutral" rating on the stock. Wells Fargo & Company boosted their price target on General Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, General Electric has an average rating of "Moderate Buy" and an average target price of $211.31.
Check Out Our Latest Stock Report on GE
General Electric Stock Performance
Shares of General Electric stock traded down $1.18 during trading on Monday, hitting $198.71. 2,345,863 shares of the stock were exchanged, compared to its average volume of 5,480,300. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09. General Electric has a 12 month low of $133.99 and a 12 month high of $214.21. The stock's fifty day moving average is $201.52 and its 200 day moving average is $186.64. The stock has a market cap of $213.27 billion, a PE ratio of 33.20, a P/E/G ratio of 2.59 and a beta of 1.19.
General Electric (NYSE:GE - Get Free Report) last posted its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. As a group, sell-side analysts anticipate that General Electric will post 5.4 EPS for the current year.
General Electric Increases Dividend
The firm 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 dividend of $0.36 per share. The ex-dividend date is Monday, March 10th. This represents a $1.44 annualized dividend and a yield of 0.72%. This is an increase from General Electric's previous quarterly dividend of $0.28. General Electric's payout ratio is presently 24.04%.
About General Electric
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Free Report)
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.
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