Blue Fin Capital Inc. cut its stake in General Electric Company (NYSE:GE) by 9.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,542 shares of the conglomerate’s stock after selling 5,450 shares during the period. Blue Fin Capital Inc.’s holdings in General Electric were worth $1,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of GE. Boston Partners grew its position in shares of General Electric by 7,892.3% in the second quarter. Boston Partners now owns 14,228,611 shares of the conglomerate’s stock valued at $384,315,000 after purchasing an additional 14,050,581 shares in the last quarter. Harris Associates L P grew its position in shares of General Electric by 26.4% in the first quarter. Harris Associates L P now owns 46,376,143 shares of the conglomerate’s stock valued at $1,382,009,000 after purchasing an additional 9,681,420 shares in the last quarter. First Trust Advisors LP grew its position in shares of General Electric by 417.3% in the second quarter. First Trust Advisors LP now owns 4,452,413 shares of the conglomerate’s stock valued at $120,260,000 after purchasing an additional 3,591,689 shares in the last quarter. UBS Oconnor LLC grew its position in shares of General Electric by 795.5% in the first quarter. UBS Oconnor LLC now owns 2,025,000 shares of the conglomerate’s stock valued at $60,345,000 after purchasing an additional 1,798,877 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of General Electric by 4.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 29,006,605 shares of the conglomerate’s stock valued at $783,469,000 after purchasing an additional 1,357,535 shares in the last quarter. Institutional investors and hedge funds own 54.75% of the company’s stock.

Shares of General Electric Company (GE) opened at $18.21 on Monday. General Electric Company has a 52 week low of $17.46 and a 52 week high of $32.38. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $157,918.66, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 1.99 and a beta of 1.11.

General Electric (NYSE:GE) last posted its quarterly earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.20). General Electric had a net margin of 6.08% and a return on equity of 13.72%. The business had revenue of $33.47 billion during the quarter, compared to analyst estimates of $32.51 billion. During the same quarter in the prior year, the business earned $0.32 earnings per share. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. equities research analysts predict that General Electric Company will post 1.06 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Monday, September 18th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date was Friday, September 15th. General Electric’s dividend payout ratio is presently 120.00%.

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Several research analysts recently weighed in on the company. J P Morgan Chase & Co set a $22.00 price objective on General Electric and gave the stock a “sell” rating in a research report on Tuesday, September 19th. Citigroup Inc. set a $28.00 price objective on General Electric and gave the stock a “buy” rating in a research report on Monday, October 23rd. UBS AG lowered General Electric from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $31.00 to $24.00 in a research report on Monday, October 23rd. Royal Bank Of Canada lowered General Electric from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $25.00 to $20.00 in a research report on Tuesday, November 14th. Finally, Stifel Nicolaus set a $22.00 price objective on General Electric and gave the stock a “neutral” rating in a research report on Tuesday, November 14th. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $24.84.

In other General Electric news, Director James S. Tisch purchased 100,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were bought at an average cost of $24.56 per share, for a total transaction of $2,456,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven M. Mollenkopf acquired 5,500 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were purchased at an average cost of $18.24 per share, for a total transaction of $100,320.00. Following the acquisition, the director now owns 5,500 shares of the company’s stock, valued at approximately $100,320. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 165,500 shares of company stock worth $3,652,520. 0.36% of the stock is owned by insiders.

General Electric Company Profile

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

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