Dakota Wealth Management Has $1.49 Million Stock Holdings in General Electric (NYSE:GE)

Dakota Wealth Management boosted its holdings in shares of General Electric (NYSE:GE) by 10.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,924 shares of the conglomerate’s stock after buying an additional 838 shares during the period. Dakota Wealth Management’s holdings in General Electric were worth $1,489,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of GE. AlTi Global Inc. raised its position in General Electric by 36.5% during the second quarter. AlTi Global Inc. now owns 7,447 shares of the conglomerate’s stock valued at $1,184,000 after buying an additional 1,991 shares during the period. AXA S.A. raised its position in General Electric by 297.1% during the second quarter. AXA S.A. now owns 581,073 shares of the conglomerate’s stock valued at $86,580,000 after buying an additional 434,735 shares during the period. AQR Capital Management LLC raised its position in General Electric by 17.5% during the second quarter. AQR Capital Management LLC now owns 2,947,084 shares of the conglomerate’s stock valued at $468,498,000 after buying an additional 439,105 shares during the period. APG Asset Management N.V. raised its position in General Electric by 1.9% during the second quarter. APG Asset Management N.V. now owns 1,165,522 shares of the conglomerate’s stock valued at $172,879,000 after buying an additional 21,564 shares during the period. Finally, DSM Capital Partners LLC acquired a new position in General Electric during the second quarter valued at $25,074,000. 74.77% of the stock is owned by institutional investors and hedge funds.

General Electric Stock Performance

GE opened at $200.66 on Friday. The stock has a 50-day moving average of $174.49 and a 200-day moving average of $174.59. General Electric has a 52-week low of $101.16 and a 52-week high of $207.65. The company has a market cap of $217.17 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 1.53 and a beta of 1.19. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.85 and a current ratio of 1.13.

General Electric (NYSE:GE) last announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 18.93% and a net margin of 11.48%. As a group, equities research analysts forecast that General Electric will post 4.23 earnings per share for the current fiscal year.

General Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be paid a dividend of $0.28 per share. The ex-dividend date is Friday, December 27th. This represents a $1.12 annualized dividend and a yield of 0.56%. General Electric’s payout ratio is 19.68%.

Wall Street Analyst Weigh In

GE has been the topic of several recent analyst reports. Citigroup upped their price target on General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Wells Fargo & Company upped their target price on General Electric from $210.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft dropped their target price on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Sanford C. Bernstein upped their target price on General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Melius Research upped their target price on General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $201.47.

Insider Activity at General Electric

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the company’s stock in a transaction that occurred 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 completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Riccardo Procacci sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total value of $1,267,910.00. Following the completion of the transaction, the senior vice president now directly owns 13,289 shares of the company’s stock, valued at approximately $2,407,036.57. This trade represents a 34.50 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is owned by corporate insiders.

General Electric Company 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.