Tsfg LLC Acquires 55 Shares of General Electric (NYSE:GE)

Tsfg LLC lifted its holdings in General Electric (NYSE:GE) by 12.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 485 shares of the conglomerate’s stock after acquiring an additional 55 shares during the period. Tsfg LLC’s holdings in General Electric were worth $92,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Studio Investment Management LLC boosted its stake in General Electric by 97.5% during the second quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock worth $25,000 after buying an additional 78 shares during the period. MFA Wealth Advisors LLC purchased a new position in shares of General Electric during the 2nd quarter worth about $31,000. Kapitalo Investimentos Ltda bought a new position in General Electric during the 4th quarter valued at about $32,000. Financial Connections Group Inc. purchased a new stake in General Electric in the 2nd quarter worth about $32,000. Finally, Richardson Financial Services Inc. purchased a new stake in General Electric in the 1st quarter worth about $34,000. Institutional investors own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

GE has been the topic of a number of analyst reports. UBS Group upped their target price on General Electric from $201.00 to $209.00 and gave the company a “buy” rating in a research note on Monday, July 1st. StockNews.com downgraded General Electric from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Sanford C. Bernstein lifted their target price on General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday. Wells Fargo & Company upped their price target on shares of General Electric from $192.00 to $205.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Finally, Jefferies Financial Group lifted their price objective on shares of General Electric from $185.00 to $190.00 and gave the company a “buy” rating in a report on Friday, June 28th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, General Electric has an average rating of “Moderate Buy” and a consensus target price of $196.86.

General Electric Stock Performance

Shares of NYSE:GE opened at $192.18 on Thursday. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $210.36 billion, a price-to-earnings ratio of 63.01, a price-to-earnings-growth ratio of 1.86 and a beta of 1.18. The firm has a 50 day moving average of $177.46 and a 200 day moving average of $166.91. General Electric has a 52 week low of $84.42 and a 52 week high of $194.33.

General Electric (NYSE:GE) last issued its quarterly earnings data on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.21. General Electric had a return on equity of 16.07% and a net margin of 7.66%. The firm had revenue of $9.09 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same period in the prior year, the business posted $0.68 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. On average, sell-side analysts predict that General Electric will post 4.2 earnings per share for the current fiscal year.

General Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 26th will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 0.58%. 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.