TD Private Client Wealth LLC Acquires 5,755 Shares of General Electric (NYSE:GE)

TD Private Client Wealth LLC grew its stake in shares of General Electric (NYSE:GE - Free Report) by 38.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,563 shares of the conglomerate's stock after purchasing an additional 5,755 shares during the quarter. TD Private Client Wealth LLC's holdings in General Electric were worth $3,878,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Newport Trust Company LLC bought a new stake in General Electric in the 2nd quarter valued at about $2,613,332,000. Jennison Associates LLC increased its stake in shares of General Electric by 91.8% in the third quarter. Jennison Associates LLC now owns 7,771,759 shares of the conglomerate's stock valued at $1,465,598,000 after purchasing an additional 3,719,894 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in shares of General Electric in the second quarter valued at approximately $580,200,000. International Assets Investment Management LLC raised its holdings in shares of General Electric by 21,069.8% during the third quarter. International Assets Investment Management LLC now owns 3,173,142 shares of the conglomerate's stock valued at $598,391,000 after buying an additional 3,158,153 shares during the last quarter. Finally, Wulff Hansen & CO. boosted its position in shares of General Electric by 18,693.9% during the second quarter. Wulff Hansen & CO. now owns 1,614,022 shares of the conglomerate's stock worth $256,581,000 after buying an additional 1,605,434 shares during the period. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on GE shares. Royal Bank of Canada lowered their target price on General Electric from $210.00 to $200.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 23rd. Bank of America raised their price target on General Electric from $180.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of General Electric from $212.00 to $235.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Wells Fargo & Company increased their target price on shares of General Electric from $210.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, 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 report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, General Electric currently has a consensus rating of "Moderate Buy" and a consensus target price of $201.93.

Insider Buying and Selling

In related news, SVP Russell Stokes sold 15,550 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the sale, the senior vice president now directly owns 148,857 shares in the company, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Riccardo Procacci sold 7,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the transaction, the senior vice president now directly owns 13,289 shares in the company, valued at $2,407,036.57. The trade was a 34.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.66% of the company's stock.

General Electric Price Performance

Shares of GE traded down $3.83 during trading hours on Thursday, hitting $164.81. 7,806,587 shares of the company were exchanged, compared to its average volume of 6,135,910. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85. The company has a market capitalization of $178.37 billion, a PE ratio of 28.96, a PEG ratio of 1.69 and a beta of 1.17. The firm has a fifty day simple moving average of $181.11 and a 200-day simple moving average of $172.48. General Electric has a one year low of $95.92 and a one year high of $194.80.

General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The business had revenue of $9.84 billion during the quarter, compared to analyst estimates of $9.02 billion. General Electric had a return on equity of 18.93% and a net margin of 11.48%. General Electric's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the company posted $0.82 EPS. As a group, sell-side analysts predict that General Electric will post 4.24 earnings per share for the current year.

General Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 26th were given a $0.28 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 0.68%. General Electric's dividend payout ratio (DPR) is presently 19.68%.

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.