General Electric Company (GE) Shares Sold by Keel Point LLC
Keel Point LLC lowered its position in General Electric Company (NYSE:GE) by 4.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,292 shares of the conglomerate’s stock after selling 1,087 shares during the period. Keel Point LLC’s holdings in General Electric were worth $783,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Jarislowsky Fraser Ltd raised its stake in shares of General Electric by 5.5% in the fourth quarter. Jarislowsky Fraser Ltd now owns 4,075,563 shares of the conglomerate’s stock worth $128,787,000 after buying an additional 211,742 shares in the last quarter. Discovery Capital Management LLC CT bought a new stake in shares of General Electric during the fourth quarter worth approximately $29,719,000. Roundview Capital LLC raised its stake in shares of General Electric by 2.0% in the fourth quarter. Roundview Capital LLC now owns 76,472 shares of the conglomerate’s stock worth $2,417,000 after buying an additional 1,515 shares in the last quarter. AE Wealth Management LLC bought a new stake in shares of General Electric during the fourth quarter worth approximately $2,092,000. Finally, Banco Santander S.A. bought a new stake in shares of General Electric during the fourth quarter worth approximately $13,259,000. 54.29% of the stock is currently owned by hedge funds and other institutional investors.
Shares of General Electric Company (NYSE:GE) traded down 0.40% during trading on Friday, hitting $25.20. 19,217,278 shares of the stock traded hands. General Electric Company has a 52 week low of $25.19 and a 52 week high of $32.38. The firm has a market cap of $218.18 billion, a P/E ratio of 30.69 and a beta of 1.21. The company has a 50-day moving average of $26.28 and a 200-day moving average of $28.52.
General Electric (NYSE:GE) last announced its quarterly earnings results on Friday, July 21st. The conglomerate reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.03. General Electric had a return on equity of 14.59% and a net margin of 6.45%. The business had revenue of $29.56 billion during the quarter, compared to the consensus estimate of $29.07 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. General Electric’s revenue was down 11.8% compared to the same quarter last year. On average, analysts forecast that General Electric Company will post $1.57 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Monday, June 19th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, June 15th. This represents a $0.96 annualized dividend and a yield of 3.81%. General Electric’s dividend payout ratio (DPR) is currently 118.52%.
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GE has been the topic of a number of research analyst reports. UBS AG reissued a “buy” rating and set a $31.00 price objective (down previously from $35.00) on shares of General Electric in a report on Tuesday, July 25th. Deutsche Bank AG set a $24.00 target price on shares of General Electric and gave the company a “sell” rating in a research report on Monday, May 29th. Citigroup Inc. restated a “buy” rating and set a $34.00 target price (down from $36.00) on shares of General Electric in a research report on Monday, July 10th. Vetr downgraded shares of General Electric from a “buy” rating to a “hold” rating and set a $28.47 target price on the stock. in a research report on Thursday, May 11th. Finally, Goldman Sachs Group, Inc. (The) set a $29.00 target price on shares of General Electric and gave the company a “neutral” rating in a research report on Friday, July 7th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. General Electric presently has a consensus rating of “Hold” and an average target price of $30.08.
In other General Electric news, Director William G. Beattie acquired 16,000 shares of General Electric stock in a transaction on Monday, May 15th. The stock was purchased at an average price of $28.05 per share, for a total transaction of $448,800.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Alexander Dimitrief acquired 1,845 shares of General Electric stock in a transaction on Monday, July 24th. The stock was acquired at an average price of $25.54 per share, with a total value of $47,121.30. Following the purchase, the insider now directly owns 65,597 shares in the company, valued at $1,675,347.38. The disclosure for this purchase can be found here. Insiders have purchased 253,253 shares of company stock valued at $6,770,864 in the last quarter. 0.36% of the stock is currently owned by corporate insiders.
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