SNS Financial Group LLC lowered its stake in General Electric (NYSE:GE) by 7.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 36,103 shares of the conglomerate’s stock after selling 2,961 shares during the quarter. SNS Financial Group LLC’s holdings in General Electric were worth $873,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Toronto Dominion Bank raised its holdings in shares of General Electric by 21.3% in the second quarter. Toronto Dominion Bank now owns 3,375,683 shares of the conglomerate’s stock valued at $91,179,000 after purchasing an additional 593,686 shares during the last quarter. Warren Averett Asset Management LLC raised its holdings in shares of General Electric by 7.0% in the second quarter. Warren Averett Asset Management LLC now owns 103,854 shares of the conglomerate’s stock valued at $2,805,000 after purchasing an additional 6,799 shares during the last quarter. Palouse Capital Management Inc. raised its holdings in shares of General Electric by 5.4% in the third quarter. Palouse Capital Management Inc. now owns 190,591 shares of the conglomerate’s stock valued at $4,608,000 after purchasing an additional 9,755 shares during the last quarter. Destination Wealth Management raised its holdings in shares of General Electric by 5.6% in the second quarter. Destination Wealth Management now owns 775,177 shares of the conglomerate’s stock valued at $20,938,000 after purchasing an additional 41,100 shares during the last quarter. Finally, Boston Partners raised its holdings in shares of General Electric by 2.5% in the third quarter. Boston Partners now owns 14,588,765 shares of the conglomerate’s stock valued at $352,756,000 after purchasing an additional 360,154 shares during the last quarter. 55.44% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Steven M. Mollenkopf acquired 5,500 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were purchased at an average cost of $18.24 per share, for a total transaction of $100,320.00. Following the completion of the acquisition, the director now directly owns 5,500 shares in the company, valued at $100,320. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider Alexander Dimitrief acquired 2,689 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was bought at an average price of $16.16 per share, for a total transaction of $43,454.24. Following the completion of the acquisition, the insider now owns 81,185 shares of the company’s stock, valued at $1,311,949.60. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 124,370 shares of company stock worth $2,245,570. Corporate insiders own 0.36% of the company’s stock.

GE has been the topic of a number of recent research reports. Goldman Sachs Group set a $23.00 price objective on shares of General Electric and gave the company a “hold” rating in a report on Tuesday, October 17th. JPMorgan Chase & Co. restated a “sell” rating and set a target price on shares of General Electric in a report on Thursday, October 19th. Cowen restated a “hold” rating and set a $24.00 target price on shares of General Electric in a report on Friday, October 20th. UBS Group downgraded shares of General Electric from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $31.00 to $24.00 in a report on Monday, October 23rd. Finally, Deutsche Bank set a $21.00 target price on shares of General Electric and gave the stock a “sell” rating in a report on Monday, October 23rd. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. General Electric currently has an average rating of “Hold” and an average target price of $21.31.

General Electric (NYSE GE) opened at $14.94 on Friday. General Electric has a fifty-two week low of $14.23 and a fifty-two week high of $30.59. The company has a market cap of $129,560.95, a price-to-earnings ratio of -20.75, a price-to-earnings-growth ratio of 2.83 and a beta of 0.93. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.86 and a quick ratio of 1.53.

General Electric (NYSE:GE) last released its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). General Electric had a negative net margin of 4.74% and a positive return on equity of 12.26%. The company had revenue of $31.40 billion during the quarter, compared to analyst estimates of $33.93 billion. During the same quarter in the prior year, the firm earned $0.46 earnings per share. General Electric’s revenue for the quarter was down 5.1% on a year-over-year basis. equities research analysts predict that General Electric will post 0.99 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Monday, February 26th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $0.48 annualized dividend and a dividend yield of 3.21%. General Electric’s dividend payout ratio is currently -66.67%.

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General Electric Profile

General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.

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

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