Bbva Compass Bancshares Inc. decreased its holdings in General Electric Company (NYSE:GE) by 6.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 370,608 shares of the conglomerate’s stock after selling 25,121 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in General Electric were worth $10,010,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Mcrae Capital Management Inc. raised its position in shares of General Electric by 2.7% in the 2nd quarter. Mcrae Capital Management Inc. now owns 255,864 shares of the conglomerate’s stock valued at $6,911,000 after buying an additional 6,825 shares in the last quarter. Sanders Capital LLC raised its position in shares of General Electric by 1.9% in the 2nd quarter. Sanders Capital LLC now owns 4,942,038 shares of the conglomerate’s stock valued at $145,389,000 after buying an additional 91,520 shares in the last quarter. Alpha Cubed Investments LLC raised its position in shares of General Electric by 8.5% in the 2nd quarter. Alpha Cubed Investments LLC now owns 470,552 shares of the conglomerate’s stock valued at $12,710,000 after buying an additional 36,876 shares in the last quarter. Texas Capital Bancshares Inc. TX raised its position in shares of General Electric by 94.0% in the 2nd quarter. Texas Capital Bancshares Inc. TX now owns 19,501 shares of the conglomerate’s stock valued at $527,000 after buying an additional 9,450 shares in the last quarter. Finally, Taylor Cottrill Erickson & Associates Inc. raised its position in shares of General Electric by 2.0% in the 2nd quarter. Taylor Cottrill Erickson & Associates Inc. now owns 211,085 shares of the conglomerate’s stock valued at $5,701,000 after buying an additional 4,167 shares in the last quarter. Institutional investors and hedge funds own 54.67% of the company’s stock.

In other news, insider Alexander Dimitrief bought 1,845 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were purchased at an average price of $25.54 per share, for a total transaction of $47,121.30. Following the completion of the acquisition, the insider now owns 65,597 shares of the company’s stock, valued at $1,675,347.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James S. Tisch bought 100,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was purchased at an average price of $24.56 per share, for a total transaction of $2,456,000.00. The disclosure for this purchase can be found here. Insiders bought 233,253 shares of company stock worth $5,860,264 in the last 90 days. Company insiders own 0.36% of the company’s stock.

Several brokerages have recently commented on GE. Cowen and Company restated a “hold” rating and issued a $24.00 target price on shares of General Electric in a research report on Friday. Vetr cut 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. Goldman Sachs Group, Inc. (The) set a $23.00 target price on shares of General Electric and gave the company a “hold” rating in a research report on Tuesday, October 17th. J P Morgan Chase & Co restated a “sell” rating and issued a target price on shares of General Electric in a research report on Thursday. Finally, Stifel Nicolaus restated a “buy” rating and issued a $26.00 target price on shares of General Electric in a research report on Thursday, October 12th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. General Electric presently has a consensus rating of “Hold” and an average price target of $27.93.

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Shares of General Electric Company (NYSE GE) opened at 23.83 on Friday. The company has a market capitalization of $206.32 billion, a price-to-earnings ratio of 29.03 and a beta of 1.19. General Electric Company has a 1-year low of $22.10 and a 1-year high of $32.38. The stock has a 50 day moving average of $24.11 and a 200-day moving average of $26.55.

General Electric (NYSE:GE) last posted its quarterly earnings results on Friday, October 20th. The conglomerate reported $0.29 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.20). The business had revenue of $33.47 billion for the quarter, compared to analysts’ expectations of $32.51 billion. General Electric had a return on equity of 14.59% and a net margin of 6.45%. The company’s revenue was up 11.5% compared to the same quarter last year. During the same period last year, the business posted $0.32 earnings per share. Analysts forecast that General Electric Company will post $1.53 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Monday, September 18th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend is Friday, September 15th. General Electric’s dividend payout ratio is 120.00%.

About General Electric

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

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