General Electric (NYSE:GE) Shares Sold by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV decreased its holdings in shares of General Electric (NYSE:GE) by 10.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,391 shares of the conglomerate’s stock after selling 161 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in General Electric were worth $232,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Thrivent Financial for Lutherans increased its stake in General Electric by 34.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 76,795 shares of the conglomerate’s stock worth $14,483,000 after buying an additional 19,766 shares during the period. Quest Partners LLC increased its stake in General Electric by 126.0% during the 3rd quarter. Quest Partners LLC now owns 5,156 shares of the conglomerate’s stock worth $972,000 after buying an additional 2,875 shares during the period. Prospera Financial Services Inc increased its stake in General Electric by 10.4% during the 3rd quarter. Prospera Financial Services Inc now owns 27,571 shares of the conglomerate’s stock worth $5,201,000 after buying an additional 2,605 shares during the period. SouthState Corp increased its stake in General Electric by 53.8% during the 3rd quarter. SouthState Corp now owns 1,343 shares of the conglomerate’s stock worth $253,000 after buying an additional 470 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in General Electric during the 3rd quarter worth $6,787,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GE. Bank of America lifted their price target on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. boosted their target price on shares of General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Citigroup boosted their target price on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Northcoast Research began coverage on shares of General Electric in a research report on Tuesday, January 7th. They issued a “neutral” rating for the company. Finally, Deutsche Bank Aktiengesellschaft dropped their target price 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. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, General Electric has an average rating of “Moderate Buy” and a consensus price target of $211.31.

General Electric Trading Up 2.4 %

General Electric stock opened at $205.67 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88. The firm has a 50-day moving average price of $197.36 and a two-hundred day moving average price of $184.53. The firm has a market capitalization of $220.75 billion, a price-to-earnings ratio of 34.34, a PEG ratio of 2.59 and a beta of 1.19. General Electric has a 52-week low of $133.99 and a 52-week high of $212.19.

General Electric (NYSE:GE) last posted its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Sell-side analysts expect that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.70%. This is a positive change from General Electric’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, March 10th. General Electric’s payout ratio is presently 24.04%.

General Electric Company Profile

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.