XTX Topco Ltd Has $618,000 Stock Holdings in General Electric (NYSE:GE)

XTX Topco Ltd decreased its holdings in shares of General Electric (NYSE:GE) by 80.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,887 shares of the conglomerate’s stock after selling 16,370 shares during the period. XTX Topco Ltd’s holdings in General Electric were worth $618,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Richardson Financial Services Inc. raised its position in General Electric by 49.5% in the 2nd quarter. Richardson Financial Services Inc. now owns 296 shares of the conglomerate’s stock worth $47,000 after purchasing an additional 98 shares during the last quarter. Intrepid Financial Planning Group LLC grew its holdings in General Electric by 10.3% during the 2nd quarter. Intrepid Financial Planning Group LLC now owns 1,781 shares of the conglomerate’s stock worth $283,000 after acquiring an additional 166 shares during the period. Mittelman Wealth Management grew its holdings in General Electric by 109.3% during the 2nd quarter. Mittelman Wealth Management now owns 2,861 shares of the conglomerate’s stock worth $455,000 after acquiring an additional 1,494 shares during the period. Carolinas Wealth Consulting LLC grew its holdings in General Electric by 14.3% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 665 shares of the conglomerate’s stock worth $106,000 after acquiring an additional 83 shares during the period. Finally, Seven Eight Capital LP acquired a new stake in General Electric during the 2nd quarter worth $560,000. Institutional investors own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on GE shares. Wells Fargo & Company lifted their target price on shares of General Electric from $192.00 to $205.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Sanford C. Bernstein assumed coverage on shares of General Electric in a report on Tuesday, September 10th. They issued an “outperform” rating and a $201.00 price target for the company. Barclays boosted their price target on shares of General Electric from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. StockNews.com lowered shares of General Electric from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Finally, Royal Bank of Canada boosted their price target on shares of General Electric from $175.00 to $190.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, General Electric currently has a consensus rating of “Moderate Buy” and an average price target of $191.36.

General Electric Trading Up 0.7 %

Shares of NYSE:GE opened at $188.71 on Tuesday. The company’s 50-day moving average price is $169.27 and its two-hundred day moving average price is $170.43. 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 one year low of $84.42 and a one year high of $189.78. The stock has a market capitalization of $206.56 billion, a PE ratio of 61.87, a price-to-earnings-growth ratio of 1.65 and a beta of 1.18.

General Electric (NYSE:GE) last issued its earnings results on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.21. The company had revenue of $9.09 billion for the quarter, compared to analysts’ expectations of $8.44 billion. General Electric had a net margin of 7.66% and a return on equity of 16.07%. General Electric’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 EPS. On average, equities analysts forecast that General Electric will post 4.2 EPS for the current fiscal year.

General Electric Announces Dividend

The business also recently declared 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 of this dividend is Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 0.59%. General Electric’s dividend payout ratio (DPR) is currently 36.72%.

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.