Fishman Jay A Ltd. MI Trims Holdings in General Electric Company (GE)

Fishman Jay A Ltd. MI trimmed its stake in General Electric Company (NYSE:GE) by 64.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,166 shares of the conglomerate’s stock after selling 41,051 shares during the quarter. Fishman Jay A Ltd. MI’s holdings in General Electric were worth $599,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of GE. K.J. Harrison & Partners Inc grew its holdings in General Electric by 16.3% in the first quarter. K.J. Harrison & Partners Inc now owns 92,995 shares of the conglomerate’s stock worth $2,771,000 after purchasing an additional 13,000 shares during the period. Moloney Securities Asset Management LLC lifted its stake in shares of General Electric by 2.0% in the first quarter. Moloney Securities Asset Management LLC now owns 125,534 shares of the conglomerate’s stock valued at $3,741,000 after buying an additional 2,406 shares in the last quarter. Clarkston Capital Partners LLC lifted its stake in shares of General Electric by 6.5% in the first quarter. Clarkston Capital Partners LLC now owns 1,455,527 shares of the conglomerate’s stock valued at $43,375,000 after buying an additional 89,308 shares in the last quarter. BTC Capital Management Inc. lifted its stake in shares of General Electric by 1.1% in the first quarter. BTC Capital Management Inc. now owns 134,796 shares of the conglomerate’s stock valued at $4,018,000 after buying an additional 1,411 shares in the last quarter. Finally, Selway Asset Management lifted its stake in shares of General Electric by 1.6% in the first quarter. Selway Asset Management now owns 61,038 shares of the conglomerate’s stock valued at $1,819,000 after buying an additional 975 shares in the last quarter. Institutional investors and hedge funds own 54.75% of the company’s stock.

A number of research analysts have weighed in on GE shares. Argus dropped their price objective on shares of General Electric from $30.00 to $27.00 and set a “buy” rating on the stock in a research note on Monday, September 18th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $31.00 price objective on shares of General Electric in a research note on Friday, September 15th. Vetr lowered shares of General Electric from a “strong-buy” rating to a “buy” rating and set a $25.63 price objective on the stock. in a research note on Wednesday, September 13th. UBS AG reaffirmed a “buy” rating and issued a $31.00 price objective (down from $35.00) on shares of General Electric in a research note on Tuesday, July 25th. Finally, Stifel Nicolaus dropped their price objective on shares of General Electric from $33.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, July 25th. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. General Electric presently has an average rating of “Hold” and a consensus target price of $24.49.

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In related news, Chairman John Leonard Flannery bought 60,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was acquired at an average cost of $18.27 per share, for a total transaction of $1,096,200.00. Following the completion of the transaction, the chairman now directly owns 575,477 shares in the company, valued at approximately $10,513,964.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Francisco Dsouza bought 55,000 shares of the company’s stock in a transaction on Monday, November 20th. The shares were bought at an average price of $17.94 per share, with a total value of $986,700.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 120,500 shares of company stock valued at $2,183,220. 0.36% of the stock is owned by corporate insiders.

General Electric Company (NYSE:GE) opened at $17.83 on Wednesday. The company has a market cap of $155,924.08, a P/E ratio of 14.50, a P/E/G ratio of 1.96 and a beta of 1.11. General Electric Company has a 12 month low of $17.46 and a 12 month high of $32.38. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.53 and a current ratio of 1.86.

General Electric (NYSE:GE) last issued its quarterly earnings data on Friday, October 20th. The conglomerate reported $0.29 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.20). The firm had revenue of $33.47 billion for the quarter, compared to analysts’ expectations of $32.51 billion. General Electric had a net margin of 6.08% and a return on equity of 13.72%. General Electric’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 EPS. equities analysts forecast that General Electric Company will post 1.06 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Monday, September 18th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, September 15th. This represents a $0.96 annualized dividend and a yield of 5.38%. General Electric’s dividend payout ratio is currently 120.00%.

About General Electric

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

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