Staley Capital Advisers Inc. Decreases Holdings in General Electric (GE)

Staley Capital Advisers Inc. cut its holdings in shares of General Electric (NYSE:GE) by 15.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,167 shares of the conglomerate’s stock after selling 8,610 shares during the quarter. Staley Capital Advisers Inc.’s holdings in General Electric were worth $642,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Franklin Resources Inc. raised its stake in shares of General Electric by 11.0% during the first quarter. Franklin Resources Inc. now owns 204,957,949 shares of the conglomerate’s stock worth $2,762,834,000 after acquiring an additional 20,275,020 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of General Electric by 43.9% in the first quarter. The Manufacturers Life Insurance Company now owns 90,257,543 shares of the conglomerate’s stock worth $1,216,672,000 after buying an additional 27,527,425 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of General Electric by 15.2% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 74,590,954 shares of the conglomerate’s stock worth $1,005,486,000 after buying an additional 9,835,343 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of General Electric by 6.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 36,605,388 shares of the conglomerate’s stock worth $498,200,000 after buying an additional 2,172,085 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of General Electric by 6.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 26,814,410 shares of the conglomerate’s stock worth $364,944,000 after buying an additional 1,507,722 shares during the period. 53.75% of the stock is currently owned by hedge funds and other institutional investors.

GE has been the topic of several analyst reports. Barclays reaffirmed a “neutral” rating and issued a $16.00 target price on shares of General Electric in a research note on Monday, July 9th. Royal Bank of Canada set a $15.00 target price on shares of General Electric and gave the stock a “neutral” rating in a research note on Wednesday, July 11th. MED raised shares of General Electric from a “sell” rating to a “hold” rating and set a $15.00 target price on the stock in a research note on Thursday, July 12th. Deutsche Bank set a $15.00 target price on shares of General Electric and gave the stock a “hold” rating in a research note on Thursday, July 12th. Finally, JPMorgan Chase & Co. reaffirmed a “sell” rating and issued a $11.00 target price on shares of General Electric in a research note on Monday, July 16th. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $15.94.



NYSE:GE opened at $11.30 on Friday. The firm has a market capitalization of $98.11 billion, a P/E ratio of 12.42, a P/E/G ratio of 2.21 and a beta of 0.96. General Electric has a twelve month low of $11.17 and a twelve month high of $21.30. The company has a current ratio of 1.81, a quick ratio of 1.51 and a debt-to-equity ratio of 1.39.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 25th. Investors of record on Monday, September 17th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.25%. The ex-dividend date was Friday, September 14th. General Electric’s dividend payout ratio (DPR) is currently 45.71%.

General Electric Profile

General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.

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Institutional Ownership by Quarter for General Electric (NYSE:GE)

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