Bryn Mawr Capital Management LLC Sells 2,055 Shares of General Electric (NYSE:GE)

Bryn Mawr Capital Management LLC decreased its stake in shares of General Electric (NYSE:GE) by 26.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,821 shares of the conglomerate’s stock after selling 2,055 shares during the period. Bryn Mawr Capital Management LLC’s holdings in General Electric were worth $971,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. National Pension Service raised its stake in General Electric by 1.7% during the fourth quarter. National Pension Service now owns 2,254,637 shares of the conglomerate’s stock valued at $376,051,000 after purchasing an additional 37,884 shares in the last quarter. Advisor OS LLC raised its stake in General Electric by 26.5% during the fourth quarter. Advisor OS LLC now owns 6,142 shares of the conglomerate’s stock valued at $1,024,000 after purchasing an additional 1,286 shares in the last quarter. Lake Street Advisors Group LLC raised its stake in General Electric by 2.7% during the fourth quarter. Lake Street Advisors Group LLC now owns 6,367 shares of the conglomerate’s stock valued at $1,064,000 after purchasing an additional 168 shares in the last quarter. Cavalier Investments LLC raised its stake in General Electric by 4.2% during the fourth quarter. Cavalier Investments LLC now owns 22,489 shares of the conglomerate’s stock valued at $3,751,000 after purchasing an additional 912 shares in the last quarter. Finally, FFT Wealth Management LLC purchased a new stake in General Electric during the fourth quarter valued at $338,000. Institutional investors own 74.77% of the company’s stock.

General Electric Trading Up 1.2 %

Shares of GE opened at $201.56 on Thursday. General Electric has a 1-year low of $122.48 and a 1-year high of $212.19. The company has a 50-day moving average of $188.73 and a 200 day moving average of $181.58. The firm has a market capitalization of $216.34 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 2.59 and a beta of 1.21. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81.

General Electric (NYSE:GE) last posted its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, research analysts expect that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.71%. This is a positive change from General Electric’s previous quarterly dividend of $0.28. General Electric’s payout ratio is currently 24.04%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. UBS Group upped their price target on shares of General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. JPMorgan Chase & Co. increased their target price on shares of General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Citigroup increased their target price on shares of General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Northcoast Research initiated coverage on shares of General Electric in a research note on Tuesday, January 7th. They issued a “neutral” rating on the stock. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, General Electric presently has an average rating of “Moderate Buy” and a consensus price target of $211.31.

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.