Strategic Financial Concepts LLC Buys Shares of 124,757 General Electric (NYSE:GE)

Strategic Financial Concepts LLC acquired a new position in shares of General Electric (NYSE:GE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 124,757 shares of the conglomerate's stock, valued at approximately $228,000.

A number of other large investors have also modified their holdings of the stock. Toth Financial Advisory Corp purchased a new position in General Electric in the third quarter valued at $25,000. Valley Wealth Managers Inc. purchased a new position in General Electric in the third quarter valued at $25,000. O Brien Wealth Partners LLC purchased a new position in General Electric in the third quarter valued at $27,000. Peterson Financial Group Inc. purchased a new position in General Electric in the third quarter valued at $28,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in General Electric in the third quarter valued at $30,000. Hedge funds and other institutional investors own 74.77% of the company's stock.

Insider Activity at General Electric

In other General Electric 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 directly 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.66% of the stock is owned by insiders.

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General Electric Stock Performance

Shares of GE traded up $0.26 during mid-day trading on Friday, hitting $208.62. 4,267,083 shares of the company's stock were exchanged, compared to its average volume of 6,009,583. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. 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 fifty-two week low of $117.43 and a fifty-two week high of $211.42. The business's 50 day moving average is $182.66 and its two-hundred day moving average is $179.33.

General Electric (NYSE:GE - Get Free Report) last announced its quarterly earnings data 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 analysts expect that General Electric will post 5.39 earnings per share for the current year.

General Electric Increases Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on GE shares. Melius Research increased their target price on General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Bank of America upped their price objective on shares of General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Citigroup upped their price objective on shares of General Electric from $216.00 to $235.00 and gave the company a "buy" rating in a research note on Monday, January 27th. JPMorgan Chase & Co. upped their price objective on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Finally, UBS Group upped their price objective on shares of General Electric from $215.00 to $235.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $208.73.

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.