General Electric (NYSE:GE) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC boosted its holdings in General Electric (NYSE:GE) by 5.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,232 shares of the conglomerate’s stock after purchasing an additional 1,525 shares during the quarter. Larson Financial Group LLC’s holdings in General Electric were worth $5,135,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GE. WESPAC Advisors LLC acquired a new stake in General Electric during the 3rd quarter worth approximately $826,000. Canopy Partners LLC grew its position in General Electric by 59.3% in the 3rd quarter. Canopy Partners LLC now owns 1,918 shares of the conglomerate’s stock valued at $362,000 after buying an additional 714 shares during the last quarter. Kingsview Wealth Management LLC raised its position in General Electric by 11.8% during the 3rd quarter. Kingsview Wealth Management LLC now owns 210,792 shares of the conglomerate’s stock worth $39,751,000 after buying an additional 22,203 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of General Electric by 22.5% in the 3rd quarter. Cerity Partners LLC now owns 319,518 shares of the conglomerate’s stock worth $60,258,000 after acquiring an additional 58,586 shares during the period. Finally, Certified Advisory Corp boosted its holdings in shares of General Electric by 1.2% in the third quarter. Certified Advisory Corp now owns 6,652 shares of the conglomerate’s stock valued at $1,254,000 after acquiring an additional 80 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.

Insider Transactions at General Electric

In other news, SVP Riccardo Procacci sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the completion of the sale, the senior vice president now directly owns 13,289 shares in the company, valued at $2,407,036.57. This trade represents a 34.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Russell Stokes sold 15,550 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $178.29, for a total value of $2,772,409.50. Following the completion of the transaction, the senior vice president now owns 148,857 shares in the company, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

General Electric Price Performance

General Electric stock opened at $181.15 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $196.06 billion, a P/E ratio of 31.84, a PEG ratio of 1.76 and a beta of 1.19. The firm has a fifty day moving average of $183.22 and a 200-day moving average of $171.12. General Electric has a 52-week low of $94.54 and a 52-week high of $194.80.

General Electric (NYSE:GE) last issued its earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. The company had revenue of $9.84 billion during the quarter, compared to the consensus estimate of $9.02 billion. General Electric had a return on equity of 18.93% and a net margin of 11.48%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 earnings per share. As a group, analysts predict that General Electric will post 4.24 EPS for the current year.

General Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.28 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.62%. General Electric’s dividend payout ratio is currently 19.68%.

Analyst Ratings Changes

A number of equities research analysts recently commented on GE shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of General Electric from $212.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Sanford C. Bernstein lifted their price target on General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Citigroup boosted their target price on shares of General Electric from $198.00 to $216.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. StockNews.com cut shares of General Electric from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Finally, UBS Group boosted their target price on General Electric from $223.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $200.93.

About General Electric

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.