Bollard Group LLC Raises Position in General Electric (GE)
Bollard Group LLC increased its holdings in General Electric (NYSE:GE) by 2.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 341,439 shares of the conglomerate’s stock after buying an additional 7,207 shares during the quarter. Bollard Group LLC’s holdings in General Electric were worth $8,256,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of GE. General American Investors Co. Inc. boosted its position in General Electric by 6.1% in the 3rd quarter. General American Investors Co. Inc. now owns 870,000 shares of the conglomerate’s stock worth $21,037,000 after purchasing an additional 50,000 shares in the last quarter. Markel Corp boosted its position in General Electric by 137.5% in the 3rd quarter. Markel Corp now owns 95,000 shares of the conglomerate’s stock worth $2,297,000 after purchasing an additional 55,000 shares in the last quarter. Northern Capital Management LLC boosted its position in General Electric by 37.4% in the 3rd quarter. Northern Capital Management LLC now owns 199,709 shares of the conglomerate’s stock worth $4,829,000 after purchasing an additional 54,408 shares in the last quarter. Mosaic Family Wealth LLC boosted its position in General Electric by 17.3% in the 3rd quarter. Mosaic Family Wealth LLC now owns 48,916 shares of the conglomerate’s stock worth $1,183,000 after purchasing an additional 7,207 shares in the last quarter. Finally, SOL Capital Management CO boosted its position in General Electric by 2.5% in the 3rd quarter. SOL Capital Management CO now owns 128,390 shares of the conglomerate’s stock worth $3,104,000 after purchasing an additional 3,190 shares in the last quarter. Institutional investors own 55.63% of the company’s stock.
General Electric (NYSE:GE) opened at $18.93 on Thursday. General Electric has a 52-week low of $17.25 and a 52-week high of $31.52. The stock has a market capitalization of $164,080.00, a P/E ratio of 22.01, a PEG ratio of 2.05 and a beta of 1.07. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.53 and a current ratio of 1.86.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders 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 yield of 2.54%. General Electric’s payout ratio is currently 55.81%.
GE has been the topic of several recent research reports. Stifel Nicolaus restated a “buy” rating and issued a $26.00 price objective on shares of General Electric in a research report on Thursday, October 12th. Argus lowered their price objective on General Electric from $30.00 to $27.00 and set a “buy” rating on the stock in a research report on Monday, September 18th. Royal Bank of Canada restated a “buy” rating and issued a $31.00 price objective on shares of General Electric in a research report on Friday, September 15th. Vetr lowered General Electric from a “strong-buy” rating to a “buy” rating and set a $25.63 target price on the stock. in a research report on Wednesday, September 13th. Finally, Bank of America upgraded General Electric from a “neutral” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Monday, October 23rd. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $23.19.
In other news, Director Francisco Dsouza acquired 55,000 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were bought at an average price of $17.94 per share, for a total transaction of $986,700.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman John Leonard Flannery acquired 60,000 shares of the firm’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 acquisition, 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 acquired a total of 120,500 shares of company stock worth $2,183,220 in the last 90 days. 0.36% of the stock is currently owned by insiders.
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