Tiaa Fsb trimmed its holdings in shares of General Electric (NYSE:GE) by 6.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 739,012 shares of the conglomerate’s stock after selling 49,026 shares during the quarter. Tiaa Fsb’s holdings in General Electric were worth $10,058,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Archford Capital Strategies LLC acquired a new stake in shares of General Electric in the first quarter valued at about $121,000. Santori & Peters Inc. acquired a new stake in shares of General Electric in the fourth quarter valued at about $120,000. Mount Yale Investment Advisors LLC acquired a new stake in shares of General Electric in the first quarter valued at about $116,000. Ackerman Capital Advisors LLC acquired a new stake in shares of General Electric in the fourth quarter valued at about $225,000. Finally, Blue Chip Wealth Management Inc. acquired a new stake in shares of General Electric in the first quarter valued at about $135,000. 53.74% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director H Lawrence Culp, Jr. bought 191,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 24th. The shares were acquired at an average cost of $13.04 per share, with a total value of $2,490,640.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.12% of the stock is owned by company insiders.

Several equities research analysts have recently issued reports on GE shares. UBS Group reaffirmed a “neutral” rating and issued a $16.00 price target on shares of General Electric in a research report on Thursday, May 17th. Stifel Nicolaus reaffirmed a “neutral” rating and issued a $15.00 price target on shares of General Electric in a research report on Friday, May 18th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $14.00 price target on shares of General Electric in a research report on Tuesday, May 22nd. JPMorgan Chase & Co. reaffirmed a “sell” rating and issued a $11.00 price target on shares of General Electric in a research report on Tuesday, May 22nd. Finally, Citigroup reaffirmed a “buy” rating on shares of General Electric in a research report on Tuesday, May 22nd. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $16.99.

GE stock opened at $12.71 on Friday. General Electric has a twelve month low of $11.94 and a twelve month high of $25.21. The stock has a market cap of $109.49 billion, a P/E ratio of 13.86, a PEG ratio of 2.39 and a beta of 0.96. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.51 and a current ratio of 1.81.

General Electric (NYSE:GE) last released its earnings results on Friday, July 20th. The conglomerate reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. General Electric had a positive return on equity of 10.40% and a negative net margin of 6.59%. The business had revenue of $30.10 billion for the quarter, compared to the consensus estimate of $29.39 billion. During the same period last year, the business earned $0.21 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. sell-side analysts predict that General Electric will post 0.96 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 25th. Investors of record on Monday, September 17th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date is Friday, September 14th. General Electric’s dividend payout ratio (DPR) is presently 45.71%.

General Electric Company Profile

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

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

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