General Electric Company (GE) Position Raised by Tompkins Financial Corp

Tompkins Financial Corp increased its stake in shares of General Electric Company (NYSE:GE) by 25.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,304 shares of the conglomerate’s stock after buying an additional 21,990 shares during the period. General Electric Company comprises 1.1% of Tompkins Financial Corp’s portfolio, making the stock its 19th largest position. Tompkins Financial Corp’s holdings in General Electric Company were worth $3,474,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Fusion Family Wealth LLC acquired a new stake in shares of General Electric Company during the fourth quarter worth $100,000. Empirical Finance LLC acquired a new stake in shares of General Electric Company during the fourth quarter worth $140,000. Turner Investments LLC acquired a new stake in shares of General Electric Company during the fourth quarter worth $161,000. Northwest Quadrant Wealth Management LLC acquired a new stake in shares of General Electric Company during the fourth quarter worth $177,000. Finally, Cascade Investment Advisors Inc. acquired a new stake in shares of General Electric Company during the fourth quarter worth $204,000. Institutional investors own 55.06% of the company’s stock.

Institutional Ownership by Quarter for General Electric Company (NYSE:GE)

Shares of General Electric Company (NYSE:GE) opened at 28.80 on Tuesday. The stock has a market capitalization of $250.10 billion, a PE ratio of 29.33 and a beta of 1.25. The stock has a 50 day moving average price of $28.29 and a 200-day moving average price of $29.86. General Electric Company has a 52-week low of $27.10 and a 52-week high of $33.00.

General Electric Company (NYSE:GE) last posted its quarterly earnings results on Friday, April 21st. The conglomerate reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. The business had revenue of $27.66 billion during the quarter, compared to analysts’ expectations of $26.37 billion. General Electric Company had a return on equity of 16.59% and a net margin of 7.48%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the firm earned $0.21 EPS. On average, equities research analysts anticipate that General Electric Company will post $1.64 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 25th. Stockholders of record on Monday, June 19th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $0.96 annualized dividend and a dividend yield of 3.33%. General Electric Company’s dividend payout ratio is currently 97.96%.

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A number of equities research analysts have recently weighed in on GE shares. Sanford C. Bernstein set a $38.00 price target on General Electric Company and gave the stock a “buy” rating in a research note on Friday, February 24th. Royal Bank Of Canada restated an “outperform” rating and set a $37.00 price target on shares of General Electric Company in a research note on Monday, March 6th. Zacks Investment Research lowered General Electric Company from a “hold” rating to a “sell” rating in a research note on Tuesday, March 7th. J P Morgan Chase & Co set a $29.00 target price on General Electric Company and gave the stock a “sell” rating in a report on Tuesday, March 14th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $36.00 target price on shares of General Electric Company in a report on Monday, March 20th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $31.41.

In other news, Director Marijn E. Dekkers acquired 20,000 shares of General Electric Company stock in a transaction that occurred on Monday, April 24th. The stock was purchased at an average cost of $29.90 per share, with a total value of $598,000.00. Following the completion of the acquisition, the director now owns 1,000 shares in the company, valued at approximately $29,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Jeffrey R. Immelt acquired 100,000 shares of General Electric Company stock in a transaction that occurred on Monday, May 15th. The shares were purchased at an average cost of $28.07 per share, with a total value of $2,807,000.00. Following the completion of the acquisition, the chairman now owns 2,561,926 shares of the company’s stock, valued at approximately $71,913,262.82. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 140,000 shares of company stock valued at $3,964,600. 0.36% of the stock is currently owned by insiders.

General Electric Company Company Profile

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