Pointe Capital Management LLC lowered its holdings in shares of General Electric (NYSE:GE) by 33.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,091 shares of the conglomerate’s stock after selling 10,022 shares during the period. Pointe Capital Management LLC’s holdings in General Electric were worth $152,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of GE. Vanguard Group Inc. raised its holdings in shares of General Electric by 1.0% during the third quarter. Vanguard Group Inc. now owns 635,893,221 shares of the conglomerate’s stock valued at $7,179,235,000 after purchasing an additional 6,167,111 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of General Electric by 1.0% during the third quarter. Vanguard Group Inc now owns 635,893,221 shares of the conglomerate’s stock valued at $7,179,235,000 after purchasing an additional 6,167,111 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of General Electric by 13.3% during the third quarter. The Manufacturers Life Insurance Company now owns 102,536,305 shares of the conglomerate’s stock valued at $1,157,635,000 after purchasing an additional 12,033,153 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of General Electric by 2.3% during the third quarter. Legal & General Group Plc now owns 40,343,148 shares of the conglomerate’s stock valued at $455,475,000 after purchasing an additional 898,000 shares during the last quarter. Finally, Pzena Investment Management LLC raised its holdings in shares of General Electric by 95.6% during the third quarter. Pzena Investment Management LLC now owns 33,345,586 shares of the conglomerate’s stock valued at $376,472,000 after purchasing an additional 16,297,449 shares during the last quarter. 57.72% of the stock is currently owned by institutional investors and hedge funds.

GE has been the subject of several research reports. ValuEngine raised shares of General Electric from a “sell” rating to a “hold” rating in a report on Saturday, February 2nd. Credit Suisse Group restated a “neutral” rating and set a $11.00 target price on shares of General Electric in a research report on Friday, March 8th. Zacks Investment Research upgraded shares of General Electric from a “strong sell” rating to a “hold” rating in a research report on Monday, February 4th. Bank of America restated a “hold” rating and set a $11.00 target price on shares of General Electric in a research report on Thursday, January 31st. Finally, Argus upgraded shares of General Electric from a “hold” rating to a “buy” rating in a research report on Thursday, January 31st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $12.39.

In other General Electric news, insider Russell Stokes sold 49,904 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $9.93, for a total value of $495,546.72. Following the completion of the transaction, the insider now directly owns 265,986 shares in the company, valued at $2,641,240.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.13% of the company’s stock.

Shares of NYSE GE opened at $9.35 on Monday. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.81 and a quick ratio of 1.52. The company has a market cap of $81.18 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 3.79 and a beta of 0.99. General Electric has a 12-month low of $6.66 and a 12-month high of $15.59.

General Electric (NYSE:GE) last posted its quarterly earnings results on Thursday, January 31st. The conglomerate reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). The firm had revenue of $33.28 billion during the quarter, compared to the consensus estimate of $32.01 billion. General Electric had a positive return on equity of 9.85% and a negative net margin of 18.38%. Equities research analysts anticipate that General Electric will post 0.58 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Monday, March 11th will be given a $0.01 dividend. The ex-dividend date is Friday, March 8th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.43%. General Electric’s payout ratio is currently 6.15%.

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General Electric Company Profile

General Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.

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

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