Seelaus Asset Management LLC Increases Stock Holdings in General Electric (NYSE:GE)

Seelaus Asset Management LLC boosted its stake in General Electric (NYSE:GE) by 1.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,770 shares of the conglomerate’s stock after buying an additional 87 shares during the quarter. Seelaus Asset Management LLC’s holdings in General Electric were worth $796,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Toth Financial Advisory Corp bought a new position in shares of General Electric during the third quarter valued at about $25,000. Valley Wealth Managers Inc. bought a new position in shares of General Electric during the 3rd quarter worth approximately $25,000. O Brien Wealth Partners LLC purchased a new position in shares of General Electric in the 3rd quarter worth approximately $27,000. Peterson Financial Group Inc. purchased a new position in shares of General Electric in the 3rd quarter worth approximately $28,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of General Electric in the third quarter valued at approximately $30,000. 74.77% of the stock is currently owned by institutional investors.

General Electric Price Performance

General Electric stock opened at $205.32 on Friday. The firm has a market capitalization of $220.37 billion, a P/E ratio of 34.28, a PEG ratio of 2.56 and a beta of 1.22. General Electric has a one year low of $110.57 and a one year high of $207.84. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The business has a fifty day moving average price of $179.68 and a 200-day moving average price of $177.85.

General Electric (NYSE:GE) last issued its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. As a group, equities research analysts forecast that General Electric will post 5.39 EPS for the current year.

General Electric Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Friday, December 27th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Friday, December 27th. General Electric’s dividend payout ratio (DPR) is presently 18.70%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GE. Wells Fargo & Company lifted their price target on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. JPMorgan Chase & Co. lifted their target price on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Bank of America lifted their price objective on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $208.73.

Insiders Place Their Bets

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the company’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 transaction, the senior vice president now directly owns 148,857 shares in the company, valued at $26,539,714.53. This represents a 9.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.66% of the company’s stock.

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.