Tsfg LLC Sells 69 Shares of General Electric (NYSE:GE)

Tsfg LLC lessened its stake in shares of General Electric (NYSE:GE) by 14.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 416 shares of the conglomerate’s stock after selling 69 shares during the period. Tsfg LLC’s holdings in General Electric were worth $69,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. PFW Advisors LLC acquired a new position in shares of General Electric in the 4th quarter valued at approximately $306,000. Parisi Gray Wealth Management raised its position in General Electric by 1.1% during the fourth quarter. Parisi Gray Wealth Management now owns 5,831 shares of the conglomerate’s stock valued at $972,000 after purchasing an additional 63 shares in the last quarter. Pallas Capital Advisors LLC lifted its stake in General Electric by 16.2% during the fourth quarter. Pallas Capital Advisors LLC now owns 8,925 shares of the conglomerate’s stock worth $1,489,000 after purchasing an additional 1,243 shares during the last quarter. Miracle Mile Advisors LLC boosted its holdings in shares of General Electric by 207.6% in the 4th quarter. Miracle Mile Advisors LLC now owns 8,827 shares of the conglomerate’s stock valued at $1,472,000 after purchasing an additional 5,957 shares in the last quarter. Finally, Sunflower Bank N.A. increased its stake in shares of General Electric by 2.5% in the 4th quarter. Sunflower Bank N.A. now owns 6,038 shares of the conglomerate’s stock valued at $1,007,000 after purchasing an additional 145 shares during the last quarter. 74.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on GE shares. Wells Fargo & Company upped their price objective on General Electric from $210.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Royal Bank of Canada dropped their target price on shares of General Electric from $210.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. UBS Group lifted their price target on shares of General Electric from $223.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Citigroup increased their price objective on shares of General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Bank of America boosted their target price on shares of General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, General Electric has an average rating of “Moderate Buy” and a consensus price target of $201.47.

General Electric Stock Performance

Shares of GE stock opened at $171.48 on Tuesday. The stock has a market capitalization of $185.59 billion, a PE ratio of 30.14, a PEG ratio of 1.63 and a beta of 1.19. The business’s 50 day simple moving average is $174.34 and its 200 day simple moving average is $173.62. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85. General Electric has a one year low of $100.95 and a one year high of $194.80.

General Electric (NYSE:GE) last posted its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. The company had revenue of $9.84 billion during the quarter, compared to analysts’ expectations of $9.02 billion. General Electric had a net margin of 11.48% and a return on equity of 18.93%. General Electric’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 earnings per share. As a group, research analysts forecast that General Electric will post 4.24 earnings per share for the current year.

General Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Friday, December 27th. General Electric’s dividend payout ratio is 19.68%.

Insider Activity at General Electric

In other news, SVP Russell Stokes sold 15,550 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the transaction, the senior vice president now owns 148,857 shares in the company, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Riccardo Procacci sold 7,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the transaction, the senior vice president now directly owns 13,289 shares in the company, valued at $2,407,036.57. This trade represents a 34.50 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is owned by corporate insiders.

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.