Fractal Investments LLC Invests $204,000 in General Electric (NYSE:GE)

Fractal Investments LLC bought a new position in shares of General Electric (NYSE:GE) in the fourth quarter, Holdings Channel.com reports. The fund bought 1,600 shares of the conglomerate’s stock, valued at approximately $204,000.

Other large investors have also modified their holdings of the company. Halpern Financial Inc. grew its holdings in shares of General Electric by 968.4% during the fourth quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock worth $25,000 after buying an additional 184 shares in the last quarter. Criterion Capital Advisors LLC purchased a new stake in shares of General Electric in the fourth quarter valued at about $27,000. CGC Financial Services LLC grew its holdings in shares of General Electric by 90.2% in the fourth quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 110 shares during the period. Capital Analysts LLC grew its holdings in shares of General Electric by 55.8% in the fourth quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 87 shares during the period. Finally, Bfsg LLC purchased a new stake in shares of General Electric in the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

General Electric Stock Down 2.1 %

GE stock traded down $3.43 during midday trading on Wednesday, reaching $159.19. 10,294,622 shares of the company were exchanged, compared to its average volume of 8,168,638. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.18. General Electric has a 1-year low of $76.87 and a 1-year high of $163.65. The stock’s 50-day simple moving average is $160.20 and its 200 day simple moving average is $135.55. The company has a market cap of $174.04 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 2.96 and a beta of 1.29.

General Electric (NYSE:GE) last released its quarterly earnings data on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.17. General Electric had a net margin of 13.95% and a return on equity of 10.88%. The company had revenue of $16.10 billion for the quarter, compared to analysts’ expectations of $15.25 billion. During the same quarter last year, the company earned $0.27 earnings per share. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities analysts forecast that General Electric will post 3.76 earnings per share for the current year.

General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Monday, April 15th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.70%. This is a boost from General Electric’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, April 12th. General Electric’s payout ratio is presently 13.38%.

Analyst Upgrades and Downgrades

GE has been the subject of a number of analyst reports. Argus upped their price objective on shares of General Electric from $170.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. dropped their price objective on shares of General Electric from $180.00 to $148.00 and set an “overweight” rating for the company in a report on Tuesday, April 2nd. Bank of America upped their price objective on shares of General Electric from $165.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday. TheStreet raised shares of General Electric from a “c+” rating to a “b+” rating in a research report on Tuesday, January 23rd. Finally, The Goldman Sachs Group upped their target price on shares of General Electric from $190.00 to $211.00 and gave the company a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $167.29.

Insider Activity

In other news, SVP Michael J. Holston sold 13,601 shares of General Electric stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $135.55, for a total value of $1,843,615.55. Following the transaction, the senior vice president now directly owns 48,339 shares of the company’s stock, valued at approximately $6,552,351.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Michael J. Holston sold 22,055 shares of General Electric stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total value of $3,195,107.85. Following the transaction, the senior vice president now directly owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael J. Holston sold 13,601 shares of General Electric stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the completion of the transaction, the senior vice president now directly owns 48,339 shares in the company, valued at $6,552,351.45. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

General Electric Profile

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.