Catalyst Financial Partners LLC Acquires 233 Shares of General Electric (NYSE:GE)

Catalyst Financial Partners LLC boosted its stake in shares of General Electric (NYSE:GE) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,854 shares of the conglomerate’s stock after acquiring an additional 233 shares during the quarter. Catalyst Financial Partners LLC’s holdings in General Electric were worth $620,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GE. Halpern Financial Inc. boosted its position in shares of General Electric by 968.4% during the fourth quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock valued at $25,000 after buying an additional 184 shares during the period. Criterion Capital Advisors LLC purchased a new position in General Electric during the 4th quarter valued at $27,000. CGC Financial Services LLC grew its position in General Electric by 90.2% in the 4th quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 110 shares during the last quarter. Capital Analysts LLC grew its position in 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 purchased a new stake in General Electric in the fourth quarter worth $32,000. 74.77% of the stock is owned by institutional investors.

General Electric Stock Down 0.8 %

Shares of NYSE GE traded down $1.36 during trading hours on Thursday, hitting $167.50. 4,902,984 shares of the stock were exchanged, compared to its average volume of 7,805,056. The company has a market cap of $183.35 billion, a PE ratio of 54.92, a PEG ratio of 2.92 and a beta of 1.25. General Electric has a 12 month low of $78.17 and a 12 month high of $170.80. The company has a quick ratio of 0.82, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. The firm has a fifty day moving average price of $162.76 and a 200-day moving average price of $139.38.

General Electric (NYSE:GE) last announced its earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.17. General Electric had a return on equity of 12.54% and a net margin of 5.05%. 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 previous year, the business earned $0.27 EPS. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, sell-side analysts expect that General Electric will post 3.96 EPS for the current year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Monday, April 15th were paid a dividend of $0.28 per share. This is an increase from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Friday, April 12th. General Electric’s payout ratio is presently 36.72%.

Insider Activity

In other news, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 56,284 shares in the company, valued at $8,153,863.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GE. JPMorgan Chase & Co. cut their price target on shares of General Electric from $180.00 to $148.00 and set an “overweight” rating on the stock in a report on Tuesday, April 2nd. Wells Fargo & Company increased their price objective on General Electric from $165.00 to $192.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Bank of America lifted their target price on General Electric from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft dropped their price target on General Electric from $210.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, April 3rd. Finally, TheStreet upgraded General Electric from a “c+” rating to a “b+” rating in a report on Tuesday, January 23rd. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $172.29.

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.