General Electric (NYSE:GE) Shares Acquired by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC increased its holdings in shares of General Electric (NYSE:GE) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,749 shares of the conglomerate’s stock after purchasing an additional 201 shares during the period. Quotient Wealth Partners LLC’s holdings in General Electric were worth $792,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Toth Financial Advisory Corp purchased a new stake in shares of General Electric in the third quarter worth about $25,000. Valley Wealth Managers Inc. purchased a new stake in shares of General Electric during the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC acquired a new position in General Electric during the 3rd quarter worth approximately $27,000. Hager Investment Management Services LLC purchased a new position in General Electric in the 4th quarter worth approximately $27,000. Finally, Peterson Financial Group Inc. acquired a new stake in General Electric in the third quarter valued at approximately $28,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

General Electric Stock Down 0.4 %

GE stock opened at $205.32 on Friday. The firm has a fifty day moving average price of $179.68 and a two-hundred day moving average price of $177.85. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. General Electric has a 1-year low of $110.57 and a 1-year high of $207.84. The firm has a market cap of $220.37 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 2.56 and a beta of 1.22.

General Electric (NYSE:GE) last released its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Research analysts predict that General Electric will post 5.39 EPS for the current year.

General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Friday, December 27th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.55%. General Electric’s payout ratio is currently 18.70%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GE. Citigroup upped their target price on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Bank of America upped their price objective on shares of General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of General Electric in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft cut their price target on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Finally, JPMorgan Chase & Co. raised their price objective on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $208.73.

Insiders Place Their Bets

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the sale, the senior vice president now owns 148,857 shares in the company, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.66% of the stock is owned by corporate insiders.

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.