Taurus Asset Management LLC lowered its position in shares of General Electric Company (NYSE:GE) by 6.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 285,101 shares of the conglomerate’s stock after selling 20,866 shares during the quarter. Taurus Asset Management LLC’s holdings in General Electric were worth $7,701,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. K.J. Harrison & Partners Inc grew its stake in General Electric by 16.3% in the 1st quarter. K.J. Harrison & Partners Inc now owns 92,995 shares of the conglomerate’s stock valued at $2,771,000 after buying an additional 13,000 shares in the last quarter. BTC Capital Management Inc. grew its position in shares of General Electric by 1.1% during the 1st quarter. BTC Capital Management Inc. now owns 134,796 shares of the conglomerate’s stock valued at $4,018,000 after purchasing an additional 1,411 shares in the last quarter. Selway Asset Management grew its position in shares of General Electric by 1.6% during the 1st quarter. Selway Asset Management now owns 61,038 shares of the conglomerate’s stock valued at $1,819,000 after purchasing an additional 975 shares in the last quarter. Pegasus Partners Ltd. grew its position in shares of General Electric by 2.3% during the 1st quarter. Pegasus Partners Ltd. now owns 79,135 shares of the conglomerate’s stock valued at $2,358,000 after purchasing an additional 1,795 shares in the last quarter. Finally, Access Financial Services Inc. grew its position in shares of General Electric by 81.5% during the 1st quarter. Access Financial Services Inc. now owns 53,846 shares of the conglomerate’s stock valued at $1,605,000 after purchasing an additional 24,180 shares in the last quarter. 55.74% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently commented on GE. J P Morgan Chase & Co restated an “underweight” rating and set a $22.00 price target on shares of General Electric in a research report on Thursday, September 7th. Vetr lowered shares of General Electric from a “hold” rating to a “sell” rating and set a $23.72 target price for the company. in a research report on Monday, September 25th. Credit Suisse Group reiterated an “outperform” rating and issued a $30.00 target price (down from $33.00) on shares of General Electric in a research report on Thursday, October 5th. Morgan Stanley lowered their price target on shares of General Electric from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Monday, October 2nd. Finally, Argus lowered their price objective on shares of General Electric from $30.00 to $27.00 and set a “buy” rating for the company in a research note on Monday, September 18th. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. General Electric has an average rating of “Hold” and an average price target of $24.31.
General Electric Company (NYSE GE) opened at $17.80 on Wednesday. The company has a current ratio of 1.86, a quick ratio of 1.53 and a debt-to-equity ratio of 1.14. General Electric Company has a 52-week low of $17.46 and a 52-week high of $32.38. The firm has a market cap of $155,663.94, a P/E ratio of 14.48, a P/E/G ratio of 1.94 and a beta of 1.06.
General Electric (NYSE:GE) last released its quarterly earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.20). The business had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $32.51 billion. General Electric had a return on equity of 13.72% and a net margin of 6.08%. The firm’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.32 earnings per share. equities analysts expect that General Electric Company will post 1.07 EPS for the current year.
In related news, Director Steven M. Mollenkopf bought 5,500 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was bought at an average cost of $18.24 per share, with a total value of $100,320.00. Following the completion of the purchase, the director now owns 5,500 shares of the company’s stock, valued at approximately $100,320. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman John Leonard Flannery acquired 60,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was acquired at an average cost of $18.27 per share, with a total value of $1,096,200.00. Following the completion of the purchase, the chairman now directly owns 575,477 shares in the company, valued at $10,513,964.79. The disclosure for this purchase can be found here. Insiders have bought a total of 120,500 shares of company stock worth $2,183,220 over the last 90 days. Insiders own 0.36% of the company’s stock.
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