BT Investment Management Ltd Takes Position in General Electric (GE)

BT Investment Management Ltd bought a new position in General Electric (NYSE:GE) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 480,695 shares of the conglomerate’s stock, valued at approximately $11,668,000.

A number of other hedge funds have also recently modified their holdings of GE. Franklin Resources Inc. lifted its holdings in shares of General Electric by 43.8% during the second quarter. Franklin Resources Inc. now owns 78,024,403 shares of the conglomerate’s stock valued at $2,107,438,000 after acquiring an additional 23,764,129 shares during the period. BlackRock Inc. lifted its holdings in shares of General Electric by 3.9% during the second quarter. BlackRock Inc. now owns 517,315,514 shares of the conglomerate’s stock valued at $13,972,691,000 after acquiring an additional 19,422,516 shares during the period. Capital Research Global Investors lifted its holdings in shares of General Electric by 18.6% during the second quarter. Capital Research Global Investors now owns 91,205,460 shares of the conglomerate’s stock valued at $2,463,459,000 after acquiring an additional 14,316,281 shares during the period. Boston Partners lifted its holdings in shares of General Electric by 7,892.3% during the second quarter. Boston Partners now owns 14,228,611 shares of the conglomerate’s stock valued at $384,315,000 after acquiring an additional 14,050,581 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of General Electric by 1,011.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 14,632,325 shares of the conglomerate’s stock valued at $395,219,000 after acquiring an additional 13,315,605 shares during the period. 55.44% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on the company. Deutsche Bank reissued a “sell” rating and set a $13.00 price objective (down from $15.00) on shares of General Electric in a report on Thursday. Stifel Nicolaus lowered their target price on General Electric from $18.00 to $17.00 and set a “hold” rating for the company in a research note on Tuesday, January 30th. TheStreet lowered General Electric from a “c” rating to a “d+” rating in a research note on Wednesday, January 24th. Credit Suisse Group restated a “hold” rating and issued a $16.00 target price on shares of General Electric in a research note on Tuesday, January 30th. Finally, DZ Bank restated a “neutral” rating on shares of General Electric in a research note on Friday, January 26th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $21.31.

General Electric (NYSE GE) traded up $0.49 during trading on Friday, hitting $14.94. The stock had a trading volume of 129,060,000 shares, compared to its average volume of 107,170,000. The firm has a market cap of $129,560.00, a price-to-earnings ratio of 13.83, a P/E/G ratio of 2.83 and a beta of 0.93. General Electric has a 52 week low of $14.23 and a 52 week high of $30.59. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.86 and a quick ratio of 1.53.

General Electric (NYSE:GE) last posted its earnings results on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). The company had revenue of $31.40 billion for the quarter, compared to analyst estimates of $33.93 billion. General Electric had a positive return on equity of 12.26% and a negative net margin of 4.74%. General Electric’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 earnings per share. equities research analysts expect that General Electric will post 0.99 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Monday, February 26th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, February 23rd. This represents a $0.48 annualized dividend and a dividend yield of 3.21%. General Electric’s payout ratio is currently 44.44%.

In other news, insider Alexander Dimitrief bought 2,689 shares of the business’s stock in a transaction on Monday, January 29th. The shares were purchased at an average price of $16.16 per share, for a total transaction of $43,454.24. Following the purchase, the insider now owns 81,185 shares of the company’s stock, valued at approximately $1,311,949.60. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman John Leonard Flannery bought 60,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was purchased at an average price of $18.27 per share, for a total transaction of $1,096,200.00. Following the purchase, the chairman now directly owns 575,477 shares in the company, valued at approximately $10,513,964.79. The disclosure for this purchase can be found here. Insiders have bought a total of 124,370 shares of company stock valued at $2,245,570 over the last 90 days. Corporate insiders own 0.36% of the company’s stock.

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General Electric Company Profile

General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.

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

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