DRW Securities LLC Has $361,000 Stock Holdings in General Electric (NYSE:GE)

DRW Securities LLC raised its stake in General Electric (NYSE:GE) by 9.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,423 shares of the conglomerate’s stock after purchasing an additional 206 shares during the period. DRW Securities LLC’s holdings in General Electric were worth $361,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Macroview Investment Management LLC increased its stake in shares of General Electric by 37.9% in the 2nd quarter. Macroview Investment Management LLC now owns 211 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 58 shares in the last quarter. Allegheny Financial Group LTD increased its stake in General Electric by 1.4% in the second quarter. Allegheny Financial Group LTD now owns 4,489 shares of the conglomerate’s stock valued at $714,000 after purchasing an additional 61 shares in the last quarter. New England Research & Management Inc. raised its holdings in shares of General Electric by 2.2% during the second quarter. New England Research & Management Inc. now owns 2,910 shares of the conglomerate’s stock valued at $463,000 after purchasing an additional 63 shares during the period. Argent Trust Co boosted its position in shares of General Electric by 0.6% during the 2nd quarter. Argent Trust Co now owns 10,737 shares of the conglomerate’s stock worth $1,707,000 after purchasing an additional 64 shares in the last quarter. Finally, Choate Investment Advisors grew its stake in shares of General Electric by 0.4% in the 1st quarter. Choate Investment Advisors now owns 16,000 shares of the conglomerate’s stock valued at $2,808,000 after buying an additional 65 shares during the period. 74.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on GE. Deutsche Bank Aktiengesellschaft increased their price target on General Electric from $210.00 to $212.00 and gave the stock a “buy” rating in a report on Friday. StockNews.com downgraded shares of General Electric from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Sanford C. Bernstein initiated coverage on shares of General Electric in a research note on Tuesday, September 10th. They issued an “outperform” rating and a $201.00 price objective on the stock. Jefferies Financial Group lifted their price target on General Electric from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Finally, Royal Bank of Canada raised their target price on General Electric from $175.00 to $190.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $191.36.

General Electric Stock Up 0.7 %

General Electric stock opened at $188.71 on Tuesday. The firm has a 50 day moving average price of $169.27 and a 200-day moving average price of $170.43. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.95. General Electric has a twelve month low of $84.42 and a twelve month high of $189.78. The company has a market capitalization of $206.56 billion, a P/E ratio of 61.87, a P/E/G ratio of 1.65 and a beta of 1.18.

General Electric (NYSE:GE) last announced 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. General Electric had a return on equity of 16.07% and a net margin of 7.66%. The business had revenue of $9.09 billion during the quarter, compared to analyst estimates of $8.44 billion. During the same period in the prior year, the company earned $0.68 earnings per share. General Electric’s revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts predict that General Electric will post 4.2 EPS for the current 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 issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Thursday, September 26th. General Electric’s dividend payout ratio (DPR) is currently 36.72%.

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.