Robertson Stephens Wealth Management LLC Acquires Shares of 4,240 General Electric (NYSE:GE)

Robertson Stephens Wealth Management LLC bought a new position in shares of General Electric (NYSE:GE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,240 shares of the conglomerate’s stock, valued at approximately $707,000.

Several other hedge funds have also made changes to their positions in the business. Vanderbilt University acquired a new stake in shares of General Electric during the fourth quarter worth about $3,493,000. Massachusetts Wealth Management boosted its stake in shares of General Electric by 4.4% during the fourth quarter. Massachusetts Wealth Management now owns 15,382 shares of the conglomerate’s stock worth $2,566,000 after buying an additional 650 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of General Electric by 14.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 147,320 shares of the conglomerate’s stock worth $24,929,000 after buying an additional 19,066 shares during the period. Y.D. More Investments Ltd boosted its stake in shares of General Electric by 151.0% during the fourth quarter. Y.D. More Investments Ltd now owns 389 shares of the conglomerate’s stock worth $65,000 after buying an additional 234 shares during the period. Finally, Jackson Wealth Management LLC boosted its stake in shares of General Electric by 92.0% during the fourth quarter. Jackson Wealth Management LLC now owns 3,033 shares of the conglomerate’s stock worth $506,000 after buying an additional 1,453 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insider Transactions at General Electric

In other news, SVP Russell Stokes sold 15,550 shares of the firm’s stock in a transaction that occurred on 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 directly owns 148,857 shares of the company’s stock, valued at $26,539,714.53. This trade represents a 9.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GE shares. Wells Fargo & Company increased their target price on shares of General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Citigroup increased their price target on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, January 27th. JPMorgan Chase & Co. increased their price target on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut their price target on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Finally, Melius Research increased their price target on shares of General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $208.73.

General Electric Trading Down 0.4 %

Shares of General Electric stock opened at $205.32 on Friday. General Electric has a 12-month low of $110.57 and a 12-month high of $207.84. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The stock has a market cap of $220.37 billion, a PE ratio of 34.28, a price-to-earnings-growth ratio of 2.53 and a beta of 1.22. The company has a 50-day moving average of $179.22 and a two-hundred day moving average of $177.55.

General Electric (NYSE:GE) last issued its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, research analysts anticipate that General Electric will post 5.39 EPS for the current fiscal year.

General Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Friday, December 27th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.55%. General Electric’s dividend payout ratio (DPR) is 18.70%.

About General Electric

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.