General Electric (NYSE:GE) Shares Sold by AIFG Consultants Ltd.

AIFG Consultants Ltd. lessened its stake in General Electric (NYSE:GE) by 11.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,113 shares of the conglomerate’s stock after selling 262 shares during the period. AIFG Consultants Ltd.’s holdings in General Electric were worth $270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of GE. Halpern Financial Inc. boosted its stake in General Electric by 968.4% in the fourth quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock valued at $25,000 after acquiring an additional 184 shares in the last quarter. CGC Financial Services LLC raised 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 valued at $30,000 after buying an additional 110 shares during the last quarter. Capital Analysts LLC raised its holdings in shares of General Electric by 55.8% in the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after buying an additional 87 shares during the last quarter. Global Wealth Management Investment Advisory Inc. raised its holdings in shares of General Electric by 808.1% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 336 shares of the conglomerate’s stock valued at $31,000 after buying an additional 299 shares during the last quarter. Finally, Financial Freedom LLC purchased a new stake in shares of General Electric in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group assumed coverage on shares of General Electric in a report on Tuesday, April 9th. They issued a “buy” rating and a $190.00 target price for the company. TD Cowen raised shares of General Electric from a “hold” rating to a “buy” rating and upped their target price for the company from $175.00 to $180.00 in a report on Tuesday, April 9th. Royal Bank of Canada reduced their target price on shares of General Electric from $180.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, April 4th. Barclays reduced their target price on shares of General Electric from $181.00 to $175.00 and set an “overweight” rating for the company in a report on Wednesday, April 3rd. Finally, Jefferies Financial Group cut their price target on shares of General Electric from $195.00 to $180.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $160.07.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Michael J. Holston sold 13,601 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $135.55, for a total value of $1,843,615.55. Following the completion of the transaction, the senior vice president now directly owns 48,339 shares of the company’s stock, valued at $6,552,351.45. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, SVP Michael J. Holston sold 13,601 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $135.55, for a total value of $1,843,615.55. Following the sale, the senior vice president now directly owns 48,339 shares in the company, valued at $6,552,351.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael J. Holston sold 22,055 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the completion of the sale, the senior vice president now owns 56,284 shares in the company, valued at $8,153,863.08. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

General Electric Price Performance

General Electric stock traded down $2.72 during mid-day trading on Thursday, reaching $152.95. The company had a trading volume of 6,185,017 shares, compared to its average volume of 7,983,614. General Electric has a 1 year low of $76.87 and a 1 year high of $158.68. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.18 and a quick ratio of 0.85. The company has a market capitalization of $167.22 billion, a P/E ratio of 18.42, a P/E/G ratio of 3.07 and a beta of 1.29. The stock’s 50-day simple moving average is $158.87 and its 200-day simple moving average is $133.96.

General Electric (NYSE:GE) last issued its earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.13. General Electric had a net margin of 13.95% and a return on equity of 10.88%. The company had revenue of $19.42 billion during the quarter, compared to analysts’ expectations of $17.27 billion. During the same period last year, the company posted $1.24 earnings per share. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. On average, equities analysts predict that General Electric will post 3.78 EPS for the current year.

General Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Monday, April 15th will be issued a $0.28 dividend. The ex-dividend date is Friday, April 12th. This is a boost from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 dividend on an annualized basis and a yield of 0.73%. General Electric’s dividend payout ratio (DPR) is 13.38%.

General Electric 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.