Toronto Dominion Bank grew its position in General Electric (NYSE:GE) by 3.9% during the third quarter, HoldingsChannel reports. The firm owned 3,508,584 shares of the conglomerate’s stock after acquiring an additional 132,901 shares during the period. Toronto Dominion Bank’s holdings in General Electric were worth $84,840,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Ffcm LLC purchased a new position in shares of General Electric in the 2nd quarter valued at $114,000. MPS Loria Financial Planners LLC purchased a new position in shares of General Electric in the 2nd quarter valued at $113,000. Corbenic Partners LLC grew its position in shares of General Electric by 15.7% in the 2nd quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock valued at $144,000 after buying an additional 725 shares during the last quarter. Bristlecone Advisors LLC purchased a new position in shares of General Electric in the 3rd quarter valued at $164,000. Finally, Tuttle Tactical Management LLC purchased a new position in shares of General Electric in the 2nd quarter valued at $209,000. Institutional investors and hedge funds own 55.50% of the company’s stock.

In other news, insider Alexander Dimitrief bought 2,689 shares of General Electric stock in a transaction dated 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 purchase, the insider now owns 81,185 shares of the company’s stock, valued at $1,311,949.60. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Steven M. Mollenkopf bought 5,500 shares of General Electric stock in a transaction dated Thursday, November 16th. The stock was purchased at an average price of $18.24 per share, with a total value of $100,320.00. Following the purchase, the director now directly owns 5,500 shares in the company, valued at approximately $100,320. The disclosure for this purchase can be found here. Insiders bought a total of 124,370 shares of company stock valued at $2,245,570 in the last 90 days. Company insiders own 0.36% of the company’s stock.

A number of research analysts recently commented on GE shares. JPMorgan Chase & Co. reaffirmed a “sell” rating and issued a $16.00 target price (down from $17.00) on shares of General Electric in a research report on Monday, January 8th. Goldman Sachs Group set a $22.00 target price on shares of General Electric and gave the company a “neutral” rating in a research report on Tuesday, November 14th. Bank of America raised shares of General Electric from a “neutral” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Monday, October 23rd. Stifel Nicolaus set a $22.00 target price on shares of General Electric and gave the company a “neutral” rating in a research report on Tuesday, November 14th. Finally, Morningstar set a $23.50 price objective on shares of General Electric and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $21.42.

General Electric (NYSE:GE) opened at $15.64 on Friday. General Electric has a 52-week low of $15.60 and a 52-week high of $30.59. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.53 and a current ratio of 1.86. The stock has a market cap of $135,631.41, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 2.93 and a beta of 0.93.

General Electric (NYSE:GE) last released its earnings results 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 positive return on equity of 12.26% and a negative net margin of 4.74%. The firm had revenue of $31.40 billion during the quarter, compared to analyst estimates of $33.93 billion. During the same quarter last year, the business posted $0.46 EPS. The firm’s revenue was down 5.1% on a year-over-year basis. equities analysts anticipate that General Electric will post 1 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Wednesday, December 27th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.07%. The ex-dividend date was Tuesday, December 26th. General Electric’s dividend payout ratio (DPR) is presently -66.67%.

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About General Electric

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.

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

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