First Personal Financial Services Has $5.88 Million Holdings in General Electric Company (GE)
First Personal Financial Services raised its holdings in shares of General Electric Company (NYSE:GE) by 17.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 217,685 shares of the conglomerate’s stock after purchasing an additional 33,068 shares during the period. General Electric accounts for 1.3% of First Personal Financial Services’ portfolio, making the stock its 21st largest position. First Personal Financial Services’ holdings in General Electric were worth $5,880,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Puplava Financial Services Inc. grew its holdings 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 valued at $303,000 after buying an additional 41 shares during the last quarter. Northwest Wealth Management LLC grew its holdings 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 valued at $254,000 after buying an additional 75 shares during the last quarter. Insight 2811 Inc. grew its holdings in shares of General Electric by 0.3% during the first quarter. Insight 2811 Inc. now owns 37,789 shares of the conglomerate’s stock valued at $1,126,000 after buying an additional 118 shares during the last quarter. Valmark Advisers Inc. boosted its holdings in General Electric by 1.4% in the second quarter. Valmark Advisers Inc. now owns 9,797 shares of the conglomerate’s stock worth $265,000 after purchasing an additional 138 shares during the last quarter. Finally, LifePlan Financial Group Inc boosted its holdings in General Electric by 0.7% in the second quarter. LifePlan Financial Group Inc now owns 22,693 shares of the conglomerate’s stock worth $613,000 after purchasing an additional 154 shares during the last quarter. 54.75% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently issued reports on GE shares. Stifel Nicolaus restated a “buy” rating and issued a $26.00 target price on shares of General Electric in a report on Thursday, October 12th. J P Morgan Chase & Co dropped their target price on shares of General Electric from $19.00 to $17.00 and set an “underweight” rating on the stock in a report on Wednesday, November 1st. Vetr upgraded shares of General Electric from a “strong sell” rating to a “sell” rating and set a $21.74 target price on the stock in a report on Tuesday, October 10th. Citigroup Inc. set a $25.00 target price on shares of General Electric and gave the stock a “buy” rating in a report on Tuesday, November 14th. Finally, Goldman Sachs Group Inc set a $22.00 target price on shares of General Electric and gave the stock a “neutral” rating in a report on Tuesday, November 14th. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. General Electric presently has a consensus rating of “Hold” and an average target price of $24.49.
In other General Electric news, Director Steven M. Mollenkopf purchased 5,500 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were acquired at an average price of $18.24 per share, for a total transaction of $100,320.00. Following the purchase, the director now directly owns 5,500 shares of the company’s stock, valued at approximately $100,320. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman John Leonard Flannery purchased 60,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were acquired 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 $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 in the last quarter. Corporate insiders own 0.36% of the company’s stock.
General Electric Company (GE) opened at $18.34 on Monday. The firm has a market cap of $157,745.23, a price-to-earnings ratio of 14.67, a PEG ratio of 1.98 and a beta of 1.11. General Electric Company has a one year low of $17.46 and a one year high of $32.38. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.53 and a current ratio of 1.86.
General Electric (NYSE:GE) last issued 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 for the quarter, compared to analysts’ expectations of $32.51 billion. General Electric had a return on equity of 13.72% and a net margin of 6.08%. The company’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 EPS. equities research analysts forecast that General Electric Company will post 1.07 earnings per share for the current fiscal year.
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