General Electric (NYSE:GE) Stock Holdings Decreased by Titan Global Capital Management USA LLC

Titan Global Capital Management USA LLC lessened its position in General Electric (NYSE:GE) by 8.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,506 shares of the conglomerate’s stock after selling 2,682 shares during the quarter. General Electric makes up about 0.7% of Titan Global Capital Management USA LLC’s holdings, making the stock its 27th biggest holding. Titan Global Capital Management USA LLC’s holdings in General Electric were worth $4,921,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GE. Jaffetilchin Investment Partners LLC grew its stake in General Electric by 1.9% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 13,648 shares of the conglomerate’s stock valued at $2,276,000 after acquiring an additional 250 shares in the last quarter. Argent Trust Co grew its position in General Electric by 1.6% during the fourth quarter. Argent Trust Co now owns 10,486 shares of the conglomerate’s stock valued at $1,749,000 after purchasing an additional 166 shares in the last quarter. Legacy Financial Advisors Inc. grew its position in General Electric by 11.3% during the fourth quarter. Legacy Financial Advisors Inc. now owns 6,805 shares of the conglomerate’s stock valued at $1,135,000 after purchasing an additional 689 shares in the last quarter. Scotia Capital Inc. increased its stake in General Electric by 125.4% in the 4th quarter. Scotia Capital Inc. now owns 43,794 shares of the conglomerate’s stock valued at $7,305,000 after buying an additional 24,363 shares during the period. Finally, CenterBook Partners LP lifted its position in General Electric by 25.8% in the 4th quarter. CenterBook Partners LP now owns 12,315 shares of the conglomerate’s stock worth $2,054,000 after buying an additional 2,526 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GE. Redburn Atlantic began coverage on shares of General Electric in a research note on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price target on the stock. Wells Fargo & Company dropped their target price on General Electric from $250.00 to $203.00 and set an “overweight” rating on the stock in a research report on Tuesday. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of General Electric in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. raised their price objective 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. Finally, UBS Group increased their price target on shares of General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $212.73.

General Electric Stock Down 3.1 %

Shares of GE stock opened at $181.54 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. General Electric has a 12 month low of $146.78 and a 12 month high of $214.21. The stock has a 50 day moving average of $198.78 and a 200-day moving average of $186.65. The firm has a market cap of $194.84 billion, a PE ratio of 30.31, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04.

General Electric (NYSE:GE) last announced its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 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, equities analysts predict that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.79%. This is an increase from General Electric’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. General Electric’s payout ratio is presently 24.04%.

About General Electric

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.