Xponance Inc. Increases Stock Holdings in General Electric (NYSE:GE)

Xponance Inc. lifted its stake in shares of General Electric (NYSE:GE) by 4.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 168,182 shares of the conglomerate’s stock after buying an additional 7,085 shares during the quarter. Xponance Inc.’s holdings in General Electric were worth $26,736,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Aveo Capital Partners LLC purchased a new position in shares of General Electric during the fourth quarter worth about $203,000. Gryphon Financial Partners LLC lifted its stake in General Electric by 57.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 11,957 shares of the conglomerate’s stock valued at $1,526,000 after buying an additional 4,354 shares during the last quarter. SageView Advisory Group LLC boosted its holdings in shares of General Electric by 38.5% in the fourth quarter. SageView Advisory Group LLC now owns 7,730 shares of the conglomerate’s stock valued at $1,035,000 after acquiring an additional 2,147 shares during the period. Advisory Services Network LLC grew its position in shares of General Electric by 36.8% during the fourth quarter. Advisory Services Network LLC now owns 37,172 shares of the conglomerate’s stock worth $4,744,000 after acquiring an additional 9,994 shares during the last quarter. Finally, Johnson Financial Group Inc. increased its holdings in shares of General Electric by 303.3% in the 4th quarter. Johnson Financial Group Inc. now owns 2,674 shares of the conglomerate’s stock valued at $341,000 after acquiring an additional 2,011 shares during the period. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Stock Up 0.7 %

GE stock opened at $187.43 on Monday. General Electric has a 52 week low of $84.42 and a 52 week high of $187.99. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. The company has a market cap of $205.16 billion, a P/E ratio of 61.45, a P/E/G ratio of 1.65 and a beta of 1.18. The company’s 50-day moving average price is $168.69 and its 200 day moving average price is $170.57.

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

General Electric Dividend Announcement

The firm 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 $0.28 dividend. The ex-dividend date is Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 0.60%. General Electric’s payout ratio is 36.72%.

Analyst Upgrades and Downgrades

GE has been the subject of a number of recent research reports. UBS Group increased their price target on shares of General Electric from $201.00 to $209.00 and gave the stock a “buy” rating in a research note on Monday, July 1st. Royal Bank of Canada raised their price target on General Electric from $175.00 to $190.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. StockNews.com cut General Electric from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft lifted their target price on General Electric from $210.00 to $212.00 and gave the company a “buy” rating in a research note on Friday. Finally, Barclays increased their price target on General Electric from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, General Electric has a consensus rating of “Moderate Buy” and a consensus price target of $191.36.

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.