Strategic Financial Concepts LLC Takes Position in General Electric (NYSE:GE)

Strategic Financial Concepts LLC acquired a new position in General Electric (NYSE:GE) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 124,757 shares of the conglomerate’s stock, valued at approximately $228,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Toth Financial Advisory Corp purchased a new stake in shares of General Electric in the 3rd quarter valued at about $25,000. Valley Wealth Managers Inc. bought a new position in shares of General Electric in the third quarter worth approximately $25,000. O Brien Wealth Partners LLC purchased a new stake in General Electric in the third quarter valued at approximately $27,000. Peterson Financial Group Inc. bought a new stake in General Electric during the third quarter valued at approximately $28,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in General Electric in the 3rd quarter worth approximately $30,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

General Electric Price Performance

GE stock opened at $209.71 on Thursday. The stock has a market capitalization of $225.08 billion, a price-to-earnings ratio of 35.01, a PEG ratio of 2.56 and a beta of 1.22. The firm’s 50-day moving average price is $180.75 and its two-hundred day moving average price is $178.56. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. General Electric has a 12-month low of $110.95 and a 12-month high of $211.42.

General Electric (NYSE:GE) last announced its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. As a group, equities analysts predict that General Electric will post 5.39 earnings per share for the current year.

General Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Friday, December 27th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Friday, December 27th. General Electric’s payout ratio is 18.70%.

Analysts Set New Price Targets

Several research firms have recently weighed in on GE. Bank of America raised their price objective on shares of General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Melius Research lifted their price target on General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. UBS Group upped their price objective on General Electric from $215.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Citigroup boosted their target price on General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $208.73.

Insider Activity at General Electric

In other news, SVP Russell Stokes sold 15,550 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $178.29, for a total value of $2,772,409.50. Following the completion of the transaction, the senior vice president now owns 148,857 shares of the company’s stock, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.66% of the stock is currently owned by company insiders.

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.