Aspiriant LLC Has $2.63 Million Stake in General Electric Company (GE)
Aspiriant LLC increased its position in shares of General Electric Company (NYSE:GE) by 74.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,773 shares of the conglomerate’s stock after purchasing an additional 41,787 shares during the period. Aspiriant LLC’s holdings in General Electric were worth $2,627,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in GE. Boston Partners raised its position in shares of General Electric by 7,892.3% during the 2nd 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 during the period. Harris Associates L P increased its holdings in General Electric by 26.4% in the 1st quarter. Harris Associates L P now owns 46,376,143 shares of the conglomerate’s stock valued at $1,382,009,000 after acquiring an additional 9,681,420 shares during the last quarter. First Trust Advisors LP increased its holdings in General Electric by 417.3% in the 2nd quarter. First Trust Advisors LP now owns 4,452,413 shares of the conglomerate’s stock valued at $120,260,000 after acquiring an additional 3,591,689 shares during the last quarter. State of Wisconsin Investment Board increased its holdings in General Electric by 30.4% in the 2nd quarter. State of Wisconsin Investment Board now owns 11,020,282 shares of the conglomerate’s stock valued at $297,658,000 after acquiring an additional 2,570,080 shares during the last quarter. Finally, UBS Oconnor LLC increased its holdings in General Electric by 795.5% in the 1st quarter. UBS Oconnor LLC now owns 2,025,000 shares of the conglomerate’s stock valued at $60,345,000 after acquiring an additional 1,798,877 shares during the last quarter. Hedge funds and other institutional investors own 54.75% of the company’s stock.
In other news, Director Francisco Dsouza purchased 55,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was purchased at an average cost of $17.94 per share, with a total value of $986,700.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman John Leonard Flannery purchased 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were purchased at an average cost of $18.27 per share, with a total value of $1,096,200.00. Following the completion of the purchase, the chairman now owns 575,477 shares in the company, valued at approximately $10,513,964.79. The disclosure for this purchase can be found here. Insiders acquired a total of 120,500 shares of company stock valued at $2,183,220 over the last three months. Corporate insiders own 0.36% of the company’s stock.
General Electric Company (NYSE:GE) opened at $18.34 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 market cap of $157,745.23, a price-to-earnings ratio of 14.67, a price-to-earnings-growth ratio of 1.98 and a beta of 1.11. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 1.14.
General Electric (NYSE:GE) last issued its quarterly earnings data on Friday, October 20th. The conglomerate reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.20). General Electric had a return on equity of 13.72% and a net margin of 6.08%. The business had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $32.51 billion. During the same period in the previous year, the business earned $0.32 earnings per share. The business’s quarterly revenue was up 11.5% on a year-over-year basis. sell-side analysts anticipate that General Electric Company will post 1.07 earnings per share for the current fiscal year.
GE has been the topic of a number of research reports. Goldman Sachs Group Inc set a $22.00 price target on shares of General Electric and gave the company a “neutral” rating in a report on Tuesday, November 14th. Bank of America Corporation upgraded shares of General Electric from a “neutral” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Monday, October 23rd. J P Morgan Chase & Co set a $17.00 price target on shares of General Electric and gave the company a “sell” rating in a report on Wednesday, November 15th. Vetr downgraded shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $25.63 price target on the stock. in a report on Wednesday, September 13th. Finally, Oppenheimer Holdings, Inc. downgraded shares of General Electric from a “market perform” rating to an “underperform” rating in a report on Tuesday, October 24th. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $24.49.
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