General Electric Company (GE) Stake Boosted by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC increased its position in General Electric Company (NYSE:GE) by 10.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 865,127 shares of the conglomerate’s stock after buying an additional 84,597 shares during the period. O Shaughnessy Asset Management LLC’s holdings in General Electric Company were worth $27,338,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. State Street Corp raised its stake in shares of General Electric Company by 3.0% in the fourth quarter. State Street Corp now owns 357,567,340 shares of the conglomerate’s stock valued at $11,299,139,000 after buying an additional 10,321,746 shares in the last quarter. FMR LLC raised its stake in shares of General Electric Company by 0.7% in the fourth quarter. FMR LLC now owns 130,741,961 shares of the conglomerate’s stock valued at $4,131,446,000 after buying an additional 900,672 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of General Electric Company by 0.4% in the third quarter. Fisher Asset Management LLC now owns 31,455,841 shares of the conglomerate’s stock valued at $931,722,000 after buying an additional 140,857 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of General Electric Company by 1.5% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 19,678,692 shares of the conglomerate’s stock valued at $582,883,000 after buying an additional 293,566 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in shares of General Electric Company by 0.8% in the third quarter. State of New Jersey Common Pension Fund D now owns 9,690,000 shares of the conglomerate’s stock worth $287,018,000 after buying an additional 80,000 shares during the period. Institutional investors own 54.68% of the company’s stock.

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

General Electric Company (NYSE:GE) traded down 1.999% on Friday, reaching $29.665. 61,726,701 shares of the company’s stock were exchanged. General Electric Company has a 12-month low of $28.19 and a 12-month high of $33.00. The firm has a 50 day moving average of $29.83 and a 200-day moving average of $30.23. The company has a market cap of $258.82 billion, a P/E ratio of 33.219 and a beta of 1.20. General Electric Company also was the recipient of some unusual options trading activity on Thursday. Stock investors acquired 2,590 call options on the stock. This represents an increase of 143% compared to the typical daily volume of 1,064 call options.

General Electric Company (NYSE:GE) last issued its quarterly earnings data on Friday, April 21st. The conglomerate reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.04. The firm had revenue of $27.66 billion for the quarter, compared to the consensus estimate of $26.37 billion. General Electric Company had a net margin of 6.86% and a return on equity of 15.99%. General Electric Company’s quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the firm posted $0.21 EPS. Equities analysts expect that General Electric Company will post $1.63 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 25th. Investors of record on Monday, February 27th will be given a $0.24 dividend. The ex-dividend date is Thursday, February 23rd. This represents a $0.96 annualized dividend and a yield of 3.17%. General Electric Company’s dividend payout ratio is presently 106.67%.

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Several equities research analysts have weighed in on GE shares. Zacks Investment Research downgraded General Electric Company from a “hold” rating to a “sell” rating in a research report on Tuesday, December 27th. Royal Bank of Canada reaffirmed a “buy” rating and set a $37.00 price target on shares of General Electric Company in a research report on Thursday, January 5th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $28.00 price target on shares of General Electric Company in a research report on Thursday, January 5th. Stifel Nicolaus set a $34.00 price target on General Electric Company and gave the stock a “buy” rating in a research report on Tuesday, January 17th. Finally, Vetr raised General Electric Company from a “buy” rating to a “strong-buy” rating and set a $34.04 price target on the stock in a research report on Monday, January 23rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $33.02.

In other General Electric Company news, Vice Chairman David Leon Joyce sold 159,662 shares of the business’s stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $29.56, for a total transaction of $4,719,608.72. Following the sale, the insider now directly owns 738,907 shares in the company, valued at approximately $21,842,090.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey S. Bornstein purchased 5,000 shares of the company’s stock in a transaction on Tuesday, January 31st. The shares were bought at an average price of $29.63 per share, for a total transaction of $148,150.00. Following the completion of the transaction, the insider now directly owns 68,757 shares in the company, valued at approximately $2,037,269.91. The disclosure for this purchase can be found here. Company insiders own 0.23% of the company’s stock.

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