General Electric (NYSE:GE) Shares Sold by Marshall Wace LLP

Marshall Wace LLP lowered its stake in General Electric (NYSE:GE) by 6.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,444,913 shares of the conglomerate’s stock after selling 159,420 shares during the quarter. General Electric makes up about 0.5% of Marshall Wace LLP’s holdings, making the stock its 19th biggest position. Marshall Wace LLP owned about 0.22% of General Electric worth $388,668,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Aveo Capital Partners LLC purchased a new stake in shares of General Electric during the fourth quarter worth about $203,000. Gryphon Financial Partners LLC grew its stake in General Electric by 57.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 11,957 shares of the conglomerate’s stock worth $1,526,000 after acquiring an additional 4,354 shares during the period. Nations Financial Group Inc. IA ADV raised its holdings in General Electric by 5.7% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 2,059 shares of the conglomerate’s stock valued at $263,000 after acquiring an additional 111 shares during the last quarter. Cape Investment Advisory Inc. boosted its holdings in shares of General Electric by 24.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 1,828 shares of the conglomerate’s stock worth $233,000 after purchasing an additional 358 shares during the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. acquired a new position in General Electric in the fourth quarter valued at $301,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

General Electric Trading Up 0.7 %

Shares of GE opened at $188.71 on Tuesday. The stock has a market cap of $206.56 billion, a PE ratio of 61.87, a P/E/G ratio of 1.65 and a beta of 1.18. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.14 and a quick ratio of 0.85. General Electric has a 12 month low of $84.42 and a 12 month high of $189.78. The stock’s 50-day moving average is $169.27 and its two-hundred day moving average is $170.43.

General Electric (NYSE:GE) last posted its quarterly earnings data on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.21. General Electric had a net margin of 7.66% and a return on equity of 16.07%. The company 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 company posted $0.68 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities analysts forecast that General Electric will post 4.2 earnings per share for the current fiscal year.

General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, September 26th will be issued a dividend of $0.28 per share. 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 is currently 36.72%.

Wall Street Analysts Forecast Growth

Several research firms have commented on GE. Royal Bank of Canada lifted their price target on General Electric from $175.00 to $190.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Barclays upped their price target on shares of General Electric from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. StockNews.com downgraded shares of General Electric from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Wells Fargo & Company boosted their price objective on shares of General Electric from $192.00 to $205.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, UBS Group increased their target price on General Electric from $201.00 to $209.00 and gave the stock a “buy” rating in a research report on Monday, July 1st. 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.36.

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.