Secure Asset Management LLC Increases Stock Holdings in General Electric (NYSE:GE)

Secure Asset Management LLC increased its stake in General Electric (NYSE:GE) by 28.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,402 shares of the conglomerate’s stock after acquiring an additional 1,406 shares during the quarter. Secure Asset Management LLC’s holdings in General Electric were worth $1,068,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp purchased a new stake in shares of General Electric during the third quarter worth about $25,000. Valley Wealth Managers Inc. acquired a new stake in General Electric in the 3rd quarter worth about $25,000. O Brien Wealth Partners LLC purchased a new stake in General Electric during the 3rd quarter worth approximately $27,000. Peterson Financial Group Inc. acquired a new position in shares of General Electric during the third quarter valued at approximately $28,000. Finally, Sugar Maple Asset Management LLC purchased a new position in shares of General Electric in the fourth quarter valued at approximately $29,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

General Electric Stock Performance

NYSE GE opened at $196.81 on Friday. The stock has a fifty day simple moving average of $174.93 and a 200-day simple moving average of $174.77. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.95. The stock has a market cap of $213.00 billion, a PE ratio of 34.59, a P/E/G ratio of 1.53 and a beta of 1.19. General Electric has a twelve month low of $103.75 and a twelve month high of $207.65.

General Electric (NYSE:GE) last announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 11.48% and a return on equity of 18.93%. Equities analysts anticipate that General Electric will post 4.23 earnings per share for the current year.

General Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Friday, December 27th. General Electric’s dividend payout ratio (DPR) is 19.68%.

Wall Street Analysts Forecast Growth

GE has been the subject of several research reports. Northcoast Research assumed coverage on General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft reduced their target price on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Melius Research boosted their price target on shares of General Electric from $194.00 to $202.00 in a research report on Tuesday, October 22nd. Wells Fargo & Company increased their price objective on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Friday. Finally, Sanford C. Bernstein raised their target price on shares of General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $205.80.

Insider Buying and Selling at General Electric

In related news, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction 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 directly owns 148,857 shares in the company, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Riccardo Procacci sold 7,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total value of $1,267,910.00. Following the sale, the senior vice president now owns 13,289 shares in the company, valued at approximately $2,407,036.57. This trade represents a 34.50 % decrease in their position. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate 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.