Townsquare Capital LLC Lowers Holdings in General Electric (NYSE:GE)

Townsquare Capital LLC lowered its position in General Electric (NYSE:GE - Free Report) by 32.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,503 shares of the conglomerate's stock after selling 18,098 shares during the quarter. Townsquare Capital LLC's holdings in General Electric were worth $6,255,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GE. Virtu Financial LLC purchased a new stake in shares of General Electric during the third quarter valued at $3,400,000. Westside Investment Management Inc. increased its position in shares of General Electric by 6.0% during the third quarter. Westside Investment Management Inc. now owns 1,245 shares of the conglomerate's stock worth $235,000 after acquiring an additional 70 shares during the period. Diamant Asset Management Inc. raised its stake in shares of General Electric by 2.7% during the third quarter. Diamant Asset Management Inc. now owns 6,098 shares of the conglomerate's stock valued at $1,150,000 after acquiring an additional 158 shares in the last quarter. Morse Asset Management Inc grew its stake in General Electric by 30.2% in the third quarter. Morse Asset Management Inc now owns 18,616 shares of the conglomerate's stock worth $3,511,000 after purchasing an additional 4,320 shares in the last quarter. Finally, SkyView Investment Advisors LLC increased its holdings in General Electric by 1.9% during the 3rd quarter. SkyView Investment Advisors LLC now owns 12,240 shares of the conglomerate's stock worth $2,308,000 after purchasing an additional 232 shares during the period. Institutional investors own 74.77% of the company's stock.

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General Electric Stock Performance

Shares of NYSE GE traded down $0.26 during midday trading on Tuesday, reaching $185.74. The company had a trading volume of 4,998,296 shares, compared to its average volume of 5,470,622. General Electric has a 1 year low of $146.78 and a 1 year high of $214.21. The business's 50-day simple moving average is $197.99 and its 200 day simple moving average is $186.61. 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 stock has a market cap of $199.35 billion, a P/E ratio of 31.01, a P/E/G ratio of 2.59 and a beta of 1.04.

General Electric (NYSE:GE - Get Free Report) last issued its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. On average, analysts forecast that General Electric will post 5.4 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be issued a $0.36 dividend. This is an increase from General Electric's previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Monday, March 10th. General Electric's dividend payout ratio is 24.04%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GE. Northcoast Research raised General Electric from a "neutral" rating to a "buy" rating and set a $205.00 price target on the stock in a research report on Wednesday, April 9th. JPMorgan Chase & Co. raised their target price on shares of General Electric from $190.00 to $210.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Bank of America increased 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. Wells Fargo & Company upped their target price on General Electric from $203.00 to $212.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft cut their price target on General Electric from $235.00 to $228.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $213.33.

General Electric 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.