Revolve Wealth Partners LLC Has $396,000 Stock Position in General Electric (NYSE:GE)

Revolve Wealth Partners LLC increased its position in General Electric (NYSE:GE) by 17.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,101 shares of the conglomerate’s stock after purchasing an additional 310 shares during the quarter. Revolve Wealth Partners LLC’s holdings in General Electric were worth $396,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Studio Investment Management LLC grew its position in shares of General Electric by 97.5% during the 2nd quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock worth $25,000 after buying an additional 78 shares during the period. MFA Wealth Advisors LLC acquired a new position in shares of General Electric during the 2nd quarter worth about $31,000. Richardson Financial Services Inc. acquired a new position in shares of General Electric during the 1st quarter worth about $34,000. Financial Connections Group Inc. acquired a new position in shares of General Electric during the 2nd quarter worth about $32,000. Finally, ANTIPODES PARTNERS Ltd acquired a new position in shares of General Electric during the 1st quarter worth about $37,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

General Electric Trading Down 0.0 %

Shares of General Electric stock opened at $192.61 on Friday. General Electric has a 12-month low of $84.42 and a 12-month high of $194.80. The stock has a market cap of $210.83 billion, a P/E ratio of 63.15, a P/E/G ratio of 1.86 and a beta of 1.18. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.95. The business’s 50 day moving average is $178.51 and its 200-day moving average is $167.42.

General Electric (NYSE:GE) last posted its quarterly earnings results on Tuesday, July 23rd. The conglomerate reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.21. General Electric had a return on equity of 16.07% and a net margin of 7.66%. The business had revenue of $9.09 billion for the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter in the prior year, the business earned $0.68 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities research analysts predict that General Electric will post 4.2 earnings per share for the current fiscal year.

General Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, September 26th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Thursday, September 26th. General Electric’s dividend payout ratio is 36.72%.

Analyst Upgrades and Downgrades

GE has been the subject of several research analyst reports. Wells Fargo & Company boosted their price objective on General Electric from $192.00 to $205.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Barclays boosted their price objective on General Electric from $175.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Jefferies Financial Group boosted their price objective on General Electric from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, June 28th. Deutsche Bank Aktiengesellschaft boosted their price objective on General Electric from $212.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Finally, Citigroup boosted their price objective on General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $196.86.

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.