General Electric Company (GE) Director Purchases $986,700.00 in Stock
General Electric Company (NYSE:GE) Director Francisco Dsouza purchased 55,000 shares of the stock in a transaction dated Monday, November 20th. The shares were purchased at an average cost of $17.94 per share, for a total transaction of $986,700.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of General Electric Company (NYSE:GE) opened at $18.15 on Thursday. General Electric Company has a 12 month low of $17.46 and a 12 month 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 $154,623.28, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 1.94 and a beta of 1.11.
General Electric (NYSE:GE) last issued its quarterly earnings data on Friday, October 20th. The conglomerate reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.20). The firm had revenue of $33.47 billion for the quarter, compared to analysts’ expectations of $32.51 billion. General Electric had a net margin of 6.08% and a return on equity of 13.72%. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 EPS. equities analysts expect that General Electric Company will post 1.06 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Monday, September 18th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, September 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.29%. General Electric’s payout ratio is 120.00%.
Several equities analysts have recently weighed in on GE shares. Bank of America Corporation raised General Electric from a “neutral” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Monday, October 23rd. Vetr cut General Electric from a “strong-buy” rating to a “buy” rating and set a $25.63 price target on the stock. in a report on Wednesday, September 13th. Oppenheimer Holdings, Inc. cut General Electric from a “market perform” rating to an “underperform” rating in a report on Tuesday, October 24th. Goldman Sachs Group, Inc. (The) set a $22.00 price target on General Electric and gave the company a “neutral” rating in a report on Tuesday, November 7th. Finally, J P Morgan Chase & Co reissued a “sell” rating and set a price target on shares of General Electric in a report on Thursday, October 19th. Six research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $24.49.
Several institutional investors have recently modified their holdings of the company. Chicago Partners Investment Group LLC grew its position in shares of General Electric by 50.2% during the third quarter. Chicago Partners Investment Group LLC now owns 32,528 shares of the conglomerate’s stock valued at $787,000 after purchasing an additional 10,872 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of General Electric during the third quarter valued at about $5,539,000. First Fiduciary Investment Counsel Inc. grew its position in shares of General Electric by 1.1% during the third quarter. First Fiduciary Investment Counsel Inc. now owns 757,864 shares of the conglomerate’s stock valued at $18,325,000 after purchasing an additional 8,595 shares in the last quarter. Truepoint Inc. grew its position in shares of General Electric by 2,010.7% during the third quarter. Truepoint Inc. now owns 1,086,675 shares of the conglomerate’s stock valued at $1,087,000 after purchasing an additional 1,035,190 shares in the last quarter. Finally, Garde Capital Inc. grew its position in shares of General Electric by 104.6% during the third quarter. Garde Capital Inc. now owns 38,768 shares of the conglomerate’s stock valued at $937,000 after purchasing an additional 19,819 shares in the last quarter. Hedge funds and other institutional investors own 54.75% of the company’s stock.
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