SYM FINANCIAL Corp Boosts Stake in General Electric (NYSE:GE)

SYM FINANCIAL Corp increased its stake in General Electric (NYSE:GE) by 3.1% in the 4th quarter, Holdings Channel reports. The fund owned 8,331 shares of the conglomerate’s stock after buying an additional 249 shares during the quarter. SYM FINANCIAL Corp’s holdings in General Electric were worth $1,063,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GE. Halpern Financial Inc. grew its holdings in shares of General Electric by 968.4% during the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 184 shares during the last quarter. Criterion Capital Advisors LLC bought a new position in shares of General Electric during the fourth quarter valued at about $27,000. CGC Financial Services LLC increased its holdings in shares of General Electric by 90.2% in the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock worth $30,000 after buying an additional 110 shares during the period. Capital Analysts LLC lifted its stake in shares of General Electric by 55.8% in the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after acquiring an additional 87 shares during the last quarter. Finally, Bfsg LLC bought a new stake in shares of General Electric in the 4th quarter valued at about $32,000. Institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GE. Bank of America lifted their price target on General Electric from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. dropped their price target on shares of General Electric from $180.00 to $148.00 and set an “overweight” rating for the company in a research report on Tuesday, April 2nd. Argus boosted their price objective on shares of General Electric from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Wells Fargo & Company upped their price objective on shares of General Electric from $165.00 to $192.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on General Electric from $210.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $172.29.

Insider Transactions at General Electric

In other news, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following the sale, the senior vice president now directly owns 56,284 shares of the company’s stock, valued at $8,153,863.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.66% of the company’s stock.

General Electric Stock Up 0.9 %

GE stock traded up $1.47 during midday trading on Friday, hitting $164.11. The stock had a trading volume of 3,968,626 shares, compared to its average volume of 7,987,890. The business has a 50-day moving average of $161.93 and a two-hundred day moving average of $137.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.82. The firm has a market cap of $179.64 billion, a price-to-earnings ratio of 53.81, a price-to-earnings-growth ratio of 2.89 and a beta of 1.25. General Electric has a 52-week low of $77.93 and a 52-week high of $166.26.

General Electric (NYSE:GE) last released its earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.17. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The firm had revenue of $16.10 billion for the quarter, compared to the consensus estimate of $15.25 billion. During the same period in the prior year, the firm earned $0.27 EPS. The company’s revenue was up 11.1% compared to the same quarter last year. As a group, equities research analysts forecast that General Electric will post 3.96 earnings per share for the current fiscal year.

General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Monday, April 15th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.68%. This is a positive change from General Electric’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, April 12th. General Electric’s dividend payout ratio (DPR) is presently 36.72%.

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.