General Electric (NYSE:GE) Shares Sold by SJS Investment Consulting Inc.

SJS Investment Consulting Inc. lessened its holdings in shares of General Electric (NYSE:GE) by 38.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 218 shares of the conglomerate’s stock after selling 134 shares during the quarter. SJS Investment Consulting Inc.’s holdings in General Electric were worth $36,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of GE. Fifth Third Bancorp increased its stake in shares of General Electric by 3.2% in the fourth quarter. Fifth Third Bancorp now owns 424,718 shares of the conglomerate’s stock worth $70,839,000 after buying an additional 13,177 shares during the last quarter. Hillcrest Wealth Advisors NY LLC acquired a new position in General Electric during the 4th quarter worth $2,053,000. CX Institutional increased its position in shares of General Electric by 18.4% in the 4th quarter. CX Institutional now owns 8,094 shares of the conglomerate’s stock worth $1,350,000 after purchasing an additional 1,256 shares during the last quarter. Berbice Capital Management LLC acquired a new stake in shares of General Electric in the 4th quarter valued at about $133,000. Finally, Southland Equity Partners LLC bought a new position in shares of General Electric during the fourth quarter worth about $220,000. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

General Electric Stock Performance

Shares of GE stock opened at $196.81 on Friday. General Electric has a 12-month low of $103.75 and a 12-month high of $207.65. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85. The firm has a market capitalization of $213.00 billion, a price-to-earnings ratio of 34.59, a price-to-earnings-growth ratio of 1.53 and a beta of 1.19. The business has a 50 day simple moving average of $175.33 and a 200 day simple moving average of $175.00.

General Electric (NYSE:GE) last released its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 18.93% and a net margin of 11.48%. On average, equities research analysts anticipate that General Electric will post 4.23 EPS for the current year.

General Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.57%. General Electric’s dividend payout ratio (DPR) is 19.68%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GE shares. UBS Group upped their price objective on General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Friday. Northcoast Research started coverage on General Electric in a research note on Tuesday, January 7th. They set a “neutral” rating on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of General Electric in a report on Wednesday. Bank of America increased their target price on shares of General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Citigroup lifted their price target on shares of General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $205.80.

Insider Transactions at General Electric

In other news, SVP Russell Stokes sold 15,550 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the transaction, the senior vice president now owns 148,857 shares in the company, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Riccardo Procacci sold 7,000 shares of General Electric stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the completion of the transaction, the senior vice president now directly owns 13,289 shares in the company, valued at $2,407,036.57. This represents a 34.50 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.

General Electric Company Profile

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.