Toroso Investments LLC bought a new stake in General Electric (NYSE:GE) during the first quarter, according to its most recent filing with the SEC. The firm bought 12,370 shares of the conglomerate’s stock, valued at approximately $98,000.
A number of other large investors have also recently bought and sold shares of GE. CBIZ Investment Advisory Services LLC acquired a new position in General Electric in the 4th quarter valued at $25,000. Rocky Mountain Advisers LLC grew its stake in General Electric by 99.9% in the 1st quarter. Rocky Mountain Advisers LLC now owns 3,333 shares of the conglomerate’s stock valued at $26,000 after buying an additional 1,666 shares during the last quarter. CLS Investments LLC grew its stake in General Electric by 2,300.0% in the 4th quarter. CLS Investments LLC now owns 2,400 shares of the conglomerate’s stock valued at $27,000 after buying an additional 2,300 shares during the last quarter. Pacifica Partners Inc. acquired a new position in General Electric in the 4th quarter valued at $28,000. Finally, Sage Financial Group Inc. acquired a new position in General Electric in the 1st quarter valued at $32,000. Institutional investors and hedge funds own 61.55% of the company’s stock.
Several analysts have issued reports on the stock. JPMorgan Chase & Co. restated a “hold” rating and issued a $5.00 price target on shares of General Electric in a research report on Thursday, April 30th. Bank of America restated a “buy” rating and issued a $16.00 price target on shares of General Electric in a research report on Thursday, March 5th. ValuEngine lowered shares of General Electric from a “hold” rating to a “sell” rating in a research report on Friday, March 6th. Zacks Investment Research upgraded shares of General Electric from a “sell” rating to a “hold” rating and set a $7.00 price target on the stock in a research report on Friday, March 20th. Finally, Citigroup decreased their price target on shares of General Electric from $11.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. General Electric has a consensus rating of “Hold” and a consensus target price of $9.49.
Shares of NYSE:GE traded down $0.07 during midday trading on Friday, reaching $6.41. 69,131,315 shares of the company’s stock were exchanged, compared to its average volume of 135,825,280. The company’s 50 day simple moving average is $6.50 and its two-hundred day simple moving average is $9.84. The firm has a market capitalization of $56.68 billion, a PE ratio of -19.42, a price-to-earnings-growth ratio of 34.91 and a beta of 0.95. General Electric has a 12 month low of $5.48 and a 12 month high of $13.26. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.69 and a current ratio of 1.91.
General Electric (NYSE:GE) last announced its quarterly earnings results on Wednesday, April 29th. The conglomerate reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). General Electric had a negative net margin of 2.39% and a positive return on equity of 13.66%. The firm had revenue of $20.52 billion for the quarter, compared to the consensus estimate of $20.34 billion. During the same period in the prior year, the business earned $0.12 earnings per share. The company’s revenue for the quarter was down 24.8% on a year-over-year basis. On average, research analysts anticipate that General Electric will post 0.04 earnings per share for the current year.
About General Electric
General Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.
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