Financial Architects Inc boosted its position in General Electric Co. (NYSE:GE) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 230,550 shares of the company’s stock after buying an additional 8,421 shares during the period. General Electric makes up about 2.0% of Financial Architects Inc’s investment portfolio, making the stock its 9th largest position. Financial Architects Inc’s holdings in General Electric were worth $7,258,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Acadian Asset Management LLC raised its position in shares of General Electric by 291.0% in the second quarter. Acadian Asset Management LLC now owns 4,872,359 shares of the company’s stock worth $153,380,000 after buying an additional 3,626,125 shares in the last quarter. Nordea Investment Management AB raised its position in shares of General Electric by 41.4% in the second quarter. Nordea Investment Management AB now owns 2,490,749 shares of the company’s stock worth $78,409,000 after buying an additional 729,800 shares in the last quarter. First Quadrant L P CA raised its position in shares of General Electric by 27.2% in the second quarter. First Quadrant L P CA now owns 2,344,064 shares of the company’s stock worth $73,791,000 after buying an additional 501,098 shares in the last quarter. Baxter Bros Inc. bought a new position in shares of General Electric during the second quarter worth $11,436,000. Finally, Hermes Investment Management Ltd. raised its position in shares of General Electric by 24.6% in the second quarter. Hermes Investment Management Ltd. now owns 1,110,163 shares of the company’s stock worth $34,948,000 after buying an additional 218,900 shares in the last quarter. Institutional investors and hedge funds own 55.81% of the company’s stock.
General Electric Co. (NYSE:GE) traded down 0.14% during mid-day trading on Monday, reaching $28.85. 39,732,551 shares of the company were exchanged. The stock has a 50-day moving average of $29.91 and a 200 day moving average of $30.65. The firm has a market capitalization of $258.53 billion, a P/E ratio of 24.39 and a beta of 1.15. General Electric Co. has a 1-year low of $27.10 and a 1-year high of $33.00.
General Electric (NYSE:GE) last issued its quarterly earnings data on Friday, July 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.05. The firm had revenue of $33.49 million for the quarter, compared to analyst estimates of $31.76 billion. General Electric had a net margin of 9.14% and a return on equity of 15.04%. General Electric’s revenue was up 14.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 EPS. Equities research analysts forecast that General Electric Co. will post $1.50 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 25th. Investors of record on Monday, September 19th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $0.92 annualized dividend and a yield of 3.19%. General Electric’s dividend payout ratio (DPR) is currently 77.97%.
A number of brokerages recently weighed in on GE. Vetr upgraded shares of General Electric from a “sell” rating to a “hold” rating and set a $31.67 target price for the company in a research report on Thursday, July 21st. Standpoint Research started coverage on shares of General Electric in a research report on Friday, July 22nd. They set a “sell” rating and a $26.00 price objective for the company. Zacks Investment Research upgraded shares of General Electric from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Credit Suisse Group AG reiterated a “buy” rating on shares of General Electric in a research report on Saturday, July 9th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $36.00 price objective on shares of General Electric in a research report on Monday, July 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. General Electric has a consensus rating of “Buy” and an average price target of $32.70.
In related news, Chairman Jeffrey R. Immelt acquired 50,000 shares of General Electric stock in a transaction that occurred on Tuesday, July 26th. The shares were purchased at an average cost of $31.45 per share, for a total transaction of $1,572,500.00. Following the acquisition, the chairman now owns 2,198,688 shares in the company, valued at $69,148,737.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.23% of the stock is currently owned by corporate insiders.
General Electric Company Profile
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