Quotient Wealth Partners LLC Has $858,000 Holdings in General Electric (NYSE:GE)

Quotient Wealth Partners LLC decreased its stake in General Electric (NYSE:GE) by 1.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,548 shares of the conglomerate’s stock after selling 84 shares during the quarter. Quotient Wealth Partners LLC’s holdings in General Electric were worth $858,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GE. Studio Investment Management LLC lifted its holdings in General Electric by 97.5% during the 2nd quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock valued at $25,000 after purchasing an additional 78 shares during the last quarter. MFA Wealth Advisors LLC acquired a new position in General Electric during the 2nd quarter worth about $31,000. Richardson Financial Services Inc. acquired a new stake in General Electric in the 1st quarter valued at about $34,000. Financial Connections Group Inc. bought a new position in shares of General Electric in the second quarter worth about $32,000. Finally, ANTIPODES PARTNERS Ltd bought a new position in shares of General Electric in the first quarter worth about $37,000. 74.77% of the stock is currently owned by institutional investors.

General Electric Stock Performance

GE stock traded up $0.24 during trading hours on Thursday, reaching $189.52. The stock had a trading volume of 675,664 shares, compared to its average volume of 6,424,661. The stock has a market capitalization of $207.45 billion, a PE ratio of 61.63, a price-to-earnings-growth ratio of 1.87 and a beta of 1.18. The stock has a 50-day simple moving average of $174.62 and a 200 day simple moving average of $166.37. General Electric has a fifty-two week low of $84.42 and a fifty-two week high of $190.88. 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 (NYSE:GE) last posted its quarterly earnings results on Tuesday, July 23rd. The conglomerate reported $1.20 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $8.44 billion. During the same quarter last year, the company posted $0.68 earnings per share. General Electric’s quarterly revenue was up 3.9% on a year-over-year basis. Analysts predict that General Electric will post 4.2 EPS for the current fiscal year.

General Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, September 26th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Thursday, September 26th. General Electric’s dividend payout ratio is presently 36.72%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GE. Wells Fargo & Company raised their price target on shares of General Electric from $192.00 to $205.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. StockNews.com lowered General Electric from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft upped their target price on shares of General Electric from $212.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Jefferies Financial Group upped their target price on shares of General Electric from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, June 28th. Finally, Barclays raised their price target on General Electric from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $193.00.

General Electric Company 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.