18,032 Shares in General Electric (NYSE:GE) Acquired by Virtu Financial LLC

Virtu Financial LLC acquired a new position in shares of General Electric (NYSE:GE - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 18,032 shares of the conglomerate's stock, valued at approximately $3,400,000.

Several other institutional investors and hedge funds also recently bought and sold shares of GE. Second Line Capital LLC acquired a new position in shares of General Electric in the third quarter worth $262,000. TCW Group Inc. grew its stake in General Electric by 44.3% in the third quarter. TCW Group Inc. now owns 994,524 shares of the conglomerate's stock valued at $187,547,000 after purchasing an additional 305,336 shares in the last quarter. Soltis Investment Advisors LLC grew its stake in General Electric by 269.8% in the third quarter. Soltis Investment Advisors LLC now owns 28,201 shares of the conglomerate's stock valued at $5,318,000 after purchasing an additional 20,575 shares in the last quarter. TD Private Client Wealth LLC increased its position in General Electric by 38.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 20,563 shares of the conglomerate's stock worth $3,878,000 after purchasing an additional 5,755 shares during the last quarter. Finally, Virtue Capital Management LLC raised its stake in shares of General Electric by 37.3% during the 3rd quarter. Virtue Capital Management LLC now owns 8,245 shares of the conglomerate's stock worth $1,555,000 after purchasing an additional 2,240 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GE. Citigroup increased their price target on shares of General Electric from $198.00 to $216.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. UBS Group increased their target price on shares of General Electric from $223.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Melius Research boosted their price target on General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Bank of America upped their price target on General Electric from $180.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company raised their price objective on General Electric from $210.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $201.93.

General Electric Stock Performance

GE stock traded down $2.60 on Thursday, reaching $166.04. 3,717,980 shares of the company were exchanged, compared to its average volume of 6,117,725. The firm has a market capitalization of $179.70 billion, a PE ratio of 29.33, a PEG ratio of 1.69 and a beta of 1.17. General Electric has a 12 month low of $95.92 and a 12 month high of $194.80. The stock's fifty day moving average price is $181.11 and its 200 day moving average price is $172.48. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85.

General Electric (NYSE:GE - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The company had revenue of $9.84 billion for the quarter, compared to the consensus estimate of $9.02 billion. During the same quarter in the previous year, the firm posted $0.82 EPS. The business's revenue was up 5.8% compared to the same quarter last year. On average, research analysts anticipate that General Electric will post 4.24 EPS for the current fiscal year.

General Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Thursday, September 26th. General Electric's payout ratio is presently 19.68%.

Insider Activity

In related news, SVP Riccardo Procacci sold 7,000 shares of the business's stock in a transaction on 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 sale, the senior vice president now owns 13,289 shares of the company's stock, valued at $2,407,036.57. The trade was a 34.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Russell Stokes sold 15,550 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $178.29, for a total value of $2,772,409.50. Following the transaction, the senior vice president now owns 148,857 shares of the company's stock, valued at $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.

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.