General Electric (NYSE:GE) Shares Bought by Syon Capital LLC

Syon Capital LLC grew its holdings in shares of General Electric (NYSE:GE) by 7.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,477 shares of the conglomerate’s stock after buying an additional 433 shares during the period. Syon Capital LLC’s holdings in General Electric were worth $827,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in GE. Atlas Brown Inc. grew its stake in shares of General Electric by 1.0% during the fourth quarter. Atlas Brown Inc. now owns 8,322 shares of the conglomerate’s stock valued at $1,062,000 after purchasing an additional 85 shares during the last quarter. Capital Analysts LLC grew its stake in shares of General Electric by 55.8% during the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 87 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of General Electric by 9.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,027 shares of the conglomerate’s stock valued at $131,000 after purchasing an additional 91 shares during the last quarter. Ballast Advisors LLC grew its stake in shares of General Electric by 4.8% during the fourth quarter. Ballast Advisors LLC now owns 1,994 shares of the conglomerate’s stock valued at $254,000 after purchasing an additional 91 shares during the last quarter. Finally, King Wealth grew its stake in shares of General Electric by 3.2% during the third quarter. King Wealth now owns 2,988 shares of the conglomerate’s stock valued at $330,000 after purchasing an additional 92 shares during the last quarter. Institutional investors own 74.77% of the company’s stock.

General Electric Stock Up 0.7 %

Shares of NYSE:GE traded up $1.09 during midday trading on Friday, reaching $162.35. 5,826,600 shares of the company were exchanged, compared to its average volume of 8,111,885. General Electric has a fifty-two week low of $77.28 and a fifty-two week high of $163.65. The company has a quick ratio of 0.85, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. The stock has a fifty day simple moving average of $160.45 and a two-hundred day simple moving average of $135.73. The firm has a market cap of $177.71 billion, a PE ratio of 52.70, a P/E/G ratio of 2.99 and a beta of 1.29.

General Electric (NYSE:GE) last issued its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $0.82 EPS 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 business had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.25 billion. During the same period last year, the business posted $0.27 earnings per share. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts forecast that General Electric will post 3.95 earnings per share for the current year.

General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 15th were given a $0.28 dividend. The ex-dividend date of this dividend was Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a yield of 0.69%. This is an increase from General Electric’s previous quarterly dividend of $0.08. General Electric’s dividend payout ratio (DPR) is 36.72%.

Wall Street Analysts Forecast Growth

GE has been the topic of several research analyst reports. TD Cowen raised shares of General Electric from a “hold” rating to a “buy” rating and increased their price target for the company from $175.00 to $180.00 in a research note on Tuesday, April 9th. TheStreet upgraded shares of General Electric from a “c+” rating to a “b+” rating in a report on Tuesday, January 23rd. Citigroup increased their price objective on shares of General Electric from $120.43 to $186.00 and gave the company a “buy” rating in a report on Thursday. Barclays cut their price objective on shares of General Electric from $181.00 to $175.00 and set an “overweight” rating on the stock in a report on Wednesday, April 3rd. Finally, StockNews.com started coverage on shares of General Electric in a report on Sunday, April 21st. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $170.00.

Insider Activity at General Electric

In related news, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total value of $3,195,107.85. Following the completion of the transaction, the senior vice president now 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 can be accessed through the SEC website. In other news, SVP Michael J. Holston sold 22,055 shares of General Electric stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total value of $3,195,107.85. Following the completion of the transaction, the senior vice president now owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Michael J. Holston sold 13,601 shares of General Electric stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $135.55, for a total transaction 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 approximately $6,552,351.45. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.

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.