Hanseatic Management Services Inc. Buys 69 Shares of General Electric (NYSE:GE)

Hanseatic Management Services Inc. grew its position in General Electric (NYSE:GE) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,540 shares of the conglomerate’s stock after purchasing an additional 69 shares during the period. General Electric comprises about 1.4% of Hanseatic Management Services Inc.’s portfolio, making the stock its 26th largest position. Hanseatic Management Services Inc.’s holdings in General Electric were worth $1,091,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Ameritas Advisory Services LLC lifted its holdings in General Electric by 9.4% during the fourth quarter. Ameritas Advisory Services LLC now owns 11,745 shares of the conglomerate’s stock worth $1,959,000 after acquiring an additional 1,007 shares during the period. HB Wealth Management LLC raised its stake in shares of General Electric by 6.4% during the 4th quarter. HB Wealth Management LLC now owns 21,652 shares of the conglomerate’s stock worth $3,612,000 after purchasing an additional 1,298 shares during the period. Trust Co. of Vermont boosted its holdings in shares of General Electric by 13.1% in the 4th quarter. Trust Co. of Vermont now owns 7,910 shares of the conglomerate’s stock worth $1,319,000 after buying an additional 917 shares during the last quarter. Westend Capital Management LLC grew its position in General Electric by 0.5% during the fourth quarter. Westend Capital Management LLC now owns 79,607 shares of the conglomerate’s stock valued at $13,278,000 after buying an additional 378 shares during the period. Finally, Premier Path Wealth Partners LLC increased its holdings in General Electric by 4.5% during the fourth quarter. Premier Path Wealth Partners LLC now owns 14,153 shares of the conglomerate’s stock worth $2,361,000 after buying an additional 611 shares during the last quarter. 74.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. UBS Group lifted their price target on shares of General Electric from $223.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft cut their price target on General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Wells Fargo & Company boosted their price objective on General Electric from $210.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Bank of America lifted their target price on shares of General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Citigroup upped their price target on shares of General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $201.47.

General Electric Price Performance

Shares of NYSE GE opened at $182.83 on Friday. The stock’s 50-day simple moving average is $174.33 and its two-hundred day simple moving average is $174.00. General Electric has a twelve month low of $101.16 and a twelve month high of $194.80. The firm has a market capitalization of $197.87 billion, a P/E ratio of 32.13, a P/E/G ratio of 1.40 and a beta of 1.19. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95.

General Electric (NYSE:GE) last posted its quarterly earnings data 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. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The company had revenue of $9.84 billion for the quarter, compared to analysts’ expectations of $9.02 billion. During the same period in the prior year, the business earned $0.82 earnings per share. General Electric’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities analysts anticipate that General Electric will post 4.23 EPS for the current fiscal year.

General Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a $0.28 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $1.12 annualized dividend and a yield of 0.61%. General Electric’s dividend payout ratio (DPR) is presently 19.68%.

Insider Activity at General Electric

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total transaction of $1,267,910.00. Following the transaction, 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 that occurred on Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the sale, the senior vice president now owns 148,857 shares of the company’s stock, valued at approximately $26,539,714.53. The trade was a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.

General Electric 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.