Advisory Services Network LLC grew its holdings in General Electric Company (NYSE:GE) by 7.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,057 shares of the conglomerate’s stock after acquiring an additional 9,752 shares during the period. General Electric comprises approximately 0.5% of Advisory Services Network LLC’s portfolio, making the stock its 23rd largest position. Advisory Services Network LLC owned 0.22% of General Electric worth $4,026,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Peak Financial Management Inc. grew its stake in shares of General Electric by 0.3% during the second quarter. Peak Financial Management Inc. now owns 9,284 shares of the conglomerate’s stock worth $251,000 after purchasing an additional 25 shares in the last quarter. Puplava Financial Services Inc. grew its stake in shares of General Electric by 0.4% during the second quarter. Puplava Financial Services Inc. now owns 11,209 shares of the conglomerate’s stock worth $303,000 after purchasing an additional 41 shares in the last quarter. Cutter & CO Brokerage Inc. grew its stake in shares of General Electric by 0.3% during the second quarter. Cutter & CO Brokerage Inc. now owns 20,620 shares of the conglomerate’s stock worth $557,000 after purchasing an additional 67 shares in the last quarter. Northwest Wealth Management LLC grew its stake in shares of General Electric by 0.8% during the second quarter. Northwest Wealth Management LLC now owns 9,392 shares of the conglomerate’s stock worth $254,000 after purchasing an additional 75 shares in the last quarter. Finally, NorthRock Partners LLC grew its stake in shares of General Electric by 0.9% during the second quarter. NorthRock Partners LLC now owns 8,842 shares of the conglomerate’s stock worth $241,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 55.74% of the company’s stock.

A number of equities analysts recently commented on GE shares. Argus lowered their target price 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. Royal Bank of Canada reiterated a “buy” rating and set a $31.00 target price on shares of General Electric in a research note on Friday, September 15th. Vetr downgraded shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $25.63 price objective for the company. in a research note on Wednesday, September 13th. Stifel Nicolaus restated a “buy” rating and issued a $26.00 price objective on shares of General Electric in a research note on Thursday, October 12th. Finally, Bank of America upgraded shares of General Electric from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Monday, October 23rd. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. General Electric currently has a consensus rating of “Hold” and a consensus target price of $23.39.

In other news, Director Steven M. Mollenkopf purchased 5,500 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was purchased at an average cost of $18.24 per share, with a total value of $100,320.00. Following the completion of the acquisition, the director now directly owns 5,500 shares of the company’s stock, valued at approximately $100,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Francisco Dsouza purchased 55,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were purchased at an average cost of $17.94 per share, with a total value of $986,700.00. The disclosure for this purchase can be found here. Insiders bought 120,500 shares of company stock valued at $2,183,220 over the last ninety days. Corporate insiders own 0.36% of the company’s stock.

Shares of General Electric Company (NYSE:GE) traded down $0.08 during trading hours on Thursday, hitting $17.68. 10,377,372 shares of the stock were exchanged, compared to its average volume of 45,325,723. General Electric Company has a 1-year low of $17.46 and a 1-year high of $32.38. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $155,317.05, a PE ratio of 14.44, a price-to-earnings-growth ratio of 1.94 and a beta of 1.06.

General Electric (NYSE:GE) last announced its earnings results on Friday, October 20th. The conglomerate reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.20). General Electric had a net margin of 6.08% and a return on equity of 13.72%. The business had revenue of $33.47 billion during the quarter, compared to analysts’ expectations of $32.51 billion. During the same period in the previous year, the company posted $0.32 earnings per share. General Electric’s quarterly revenue was up 11.5% on a year-over-year basis. equities research analysts forecast that General Electric Company will post 1.07 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Wednesday, December 27th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.72%. General Electric’s payout ratio is 120.00%.

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About General Electric

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

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