General Electric (NYSE:GE) Shares Bought by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust raised its holdings in General Electric (NYSE:GE) by 49.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,626 shares of the conglomerate’s stock after buying an additional 17,812 shares during the period. Parkside Financial Bank & Trust’s holdings in General Electric were worth $480,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Cacti Asset Management LLC increased its position in shares of General Electric by 1.6% during the second quarter. Cacti Asset Management LLC now owns 149,000 shares of the conglomerate’s stock worth $1,550,000 after purchasing an additional 2,300 shares in the last quarter. Park National Corp OH increased its position in shares of General Electric by 19.4% during the second quarter. Park National Corp OH now owns 1,903,454 shares of the conglomerate’s stock worth $19,986,000 after purchasing an additional 309,755 shares in the last quarter. Anderson Hoagland & Co. increased its position in shares of General Electric by 32.9% during the second quarter. Anderson Hoagland & Co. now owns 136,215 shares of the conglomerate’s stock worth $1,286,000 after purchasing an additional 33,725 shares in the last quarter. BigSur Wealth Management LLC increased its position in shares of General Electric by 56.9% during the second quarter. BigSur Wealth Management LLC now owns 49,650 shares of the conglomerate’s stock worth $528,000 after purchasing an additional 18,000 shares in the last quarter. Finally, DNB Asset Management AS increased its position in shares of General Electric by 3.8% during the second quarter. DNB Asset Management AS now owns 1,758,086 shares of the conglomerate’s stock worth $18,460,000 after purchasing an additional 64,661 shares in the last quarter. Institutional investors own 58.97% of the company’s stock.

In other General Electric news, Director Paula Rosput Reynolds acquired 5,000 shares of the stock in a transaction on Wednesday, August 14th. The shares were bought at an average price of $9.05 per share, with a total value of $45,250.00. Following the acquisition, the director now owns 16,500 shares of the company’s stock, valued at $149,325. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas S. Timko acquired 10,000 shares of the stock in a transaction on Monday, August 19th. The stock was acquired at an average cost of $8.83 per share, for a total transaction of $88,300.00. The disclosure for this purchase can be found here. Insiders acquired a total of 801,068 shares of company stock worth $6,954,745 in the last ninety days. 1.13% of the stock is owned by corporate insiders.

A number of research firms have recently commented on GE. Citigroup set a $14.00 target price on General Electric and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Deutsche Bank lifted their target price on General Electric from $9.00 to $11.00 in a research report on Thursday, October 31st. Zacks Investment Research upgraded General Electric from a “sell” rating to a “hold” rating and set a $10.00 target price on the stock in a research report on Friday, November 1st. UBS Group cut General Electric from a “buy” rating to a “neutral” rating and cut their target price for the stock from $13.00 to $11.50 in a research report on Monday, July 15th. Finally, JPMorgan Chase & Co. set a $5.00 target price on General Electric and gave the stock an “underweight” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. General Electric has a consensus rating of “Hold” and an average target price of $10.41.

Shares of NYSE GE traded up $0.23 during midday trading on Friday, reaching $11.52. 61,022,582 shares of the company were exchanged, compared to its average volume of 60,476,536. The company has a current ratio of 1.84, a quick ratio of 1.60 and a debt-to-equity ratio of 2.67. General Electric has a 1 year low of $6.66 and a 1 year high of $11.75. The stock has a fifty day simple moving average of $9.25 and a 200 day simple moving average of $9.58. The stock has a market cap of $100.61 billion, a P/E ratio of 17.72, a PEG ratio of 2.46 and a beta of 1.13.

General Electric (NYSE:GE) last released its quarterly earnings results on Wednesday, October 30th. The conglomerate reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.03. General Electric had a positive return on equity of 11.69% and a negative net margin of 4.39%. The firm had revenue of $23.36 billion for the quarter, compared to analyst estimates of $22.93 billion. During the same quarter last year, the company posted $0.14 earnings per share. The business’s revenue was down .1% on a year-over-year basis. As a group, analysts forecast that General Electric will post 0.61 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Monday, September 16th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date was Friday, September 13th. General Electric’s dividend payout ratio is currently 6.15%.

General Electric Company Profile

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

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

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