Ausdal Financial Partners Inc. raised its position in shares of General Electric (NYSE:GE) by 6.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,034 shares of the conglomerate’s stock after purchasing an additional 3,181 shares during the period. Ausdal Financial Partners Inc.’s holdings in General Electric were worth $1,210,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Franklin Resources Inc. grew its stake in shares of General Electric by 43.8% during the second quarter. Franklin Resources Inc. now owns 78,024,403 shares of the conglomerate’s stock valued at $2,107,438,000 after buying an additional 23,764,129 shares during the last quarter. BlackRock Inc. grew its stake in shares of General Electric by 3.9% in the second quarter. BlackRock Inc. now owns 517,315,514 shares of the conglomerate’s stock worth $13,972,691,000 after purchasing an additional 19,422,516 shares during the last quarter. Capital Research Global Investors grew its stake in shares of General Electric by 18.6% in the second quarter. Capital Research Global Investors now owns 91,205,460 shares of the conglomerate’s stock worth $2,463,459,000 after purchasing an additional 14,316,281 shares during the last quarter. Boston Partners grew its stake in shares of General Electric by 7,892.3% in the second quarter. Boston Partners now owns 14,228,611 shares of the conglomerate’s stock worth $384,315,000 after purchasing an additional 14,050,581 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of General Electric by 1,011.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 14,632,325 shares of the conglomerate’s stock worth $395,219,000 after purchasing an additional 13,315,605 shares during the last quarter. Institutional investors and hedge funds own 55.64% of the company’s stock.
In other General Electric news, Chairman John Leonard Flannery bought 60,000 shares of the stock in a transaction dated Wednesday, November 15th. The stock was purchased at an average cost of $18.27 per share, for a total transaction of $1,096,200.00. Following the completion of the acquisition, the chairman now owns 575,477 shares of the company’s stock, valued at $10,513,964.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Francisco Dsouza bought 55,000 shares of the stock in a transaction dated Monday, November 20th. The shares were acquired at an average price of $17.94 per share, with a total value of $986,700.00. The disclosure for this purchase can be found here. Insiders have bought 120,500 shares of company stock valued at $2,183,220 over the last quarter. Company insiders own 0.36% of the company’s stock.
GE has been the topic of several recent analyst reports. Stifel Nicolaus reissued a “buy” rating and issued a $26.00 target price on shares of General Electric in a research note on Thursday, October 12th. Bank of America raised General Electric from a “neutral” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Monday, October 23rd. Citigroup set a $28.00 target price on General Electric and gave the stock a “buy” rating in a research note on Monday, October 23rd. Royal Bank of Canada set a $25.00 target price on General Electric and gave the stock a “buy” rating in a research note on Monday, October 23rd. Finally, Morningstar reissued a “buy” rating on shares of General Electric in a research note on Tuesday, November 14th. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. General Electric presently has an average rating of “Hold” and a consensus target price of $22.94.
Shares of General Electric (NYSE GE) opened at $17.35 on Thursday. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 1.14. General Electric has a 1-year low of $17.25 and a 1-year high of $31.34. The company has a market cap of $150,460.00, a PE ratio of 20.17, a price-to-earnings-growth ratio of 2.11 and a beta of 1.07.
General Electric (NYSE:GE) last issued its quarterly earnings data on Friday, October 20th. The conglomerate reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.20). General Electric had a return on equity of 13.72% and a net margin of 6.08%. The company had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $32.51 billion. During the same quarter last year, the business earned $0.32 earnings per share. The business’s quarterly revenue was up 11.5% on a year-over-year basis. equities analysts anticipate that General Electric will post 1.07 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Wednesday, December 27th will be issued a $0.12 dividend. The ex-dividend date is Tuesday, December 26th. This represents a $0.48 annualized dividend and a yield of 2.77%. General Electric’s dividend payout ratio (DPR) is presently 55.81%.
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General Electric Profile
General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.
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