Pekin Singer Strauss Asset Management IL boosted its stake in General Electric Company (NYSE:GE) by 0.3% during the third quarter, Holdings Channel reports. The firm owned 156,104 shares of the company’s stock after buying an additional 444 shares during the period. General Electric Company comprises approximately 0.8% of Pekin Singer Strauss Asset Management IL’s portfolio, making the stock its 27th largest position. Pekin Singer Strauss Asset Management IL’s holdings in General Electric Company were worth $4,624,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cable Hill Partners LLC boosted its position in General Electric Company by 0.4% in the second quarter. Cable Hill Partners LLC now owns 4,447 shares of the company’s stock valued at $141,000 after buying an additional 19 shares during the period. Horizon Investments LLC boosted its position in General Electric Company by 0.5% in the second quarter. Horizon Investments LLC now owns 7,832 shares of the company’s stock valued at $247,000 after buying an additional 36 shares during the period. Financial Management Professionals Inc. boosted its position in General Electric Company by 0.5% in the second quarter. Financial Management Professionals Inc. now owns 8,721 shares of the company’s stock valued at $274,000 after buying an additional 46 shares during the period. Barry Investment Advisors LLC boosted its position in General Electric Company by 0.7% in the third quarter. Barry Investment Advisors LLC now owns 6,919 shares of the company’s stock valued at $205,000 after buying an additional 48 shares during the period. Finally, Blue Bell Private Wealth Management LLC boosted its position in General Electric Company by 0.4% in the third quarter. Blue Bell Private Wealth Management LLC now owns 13,809 shares of the company’s stock valued at $410,000 after buying an additional 58 shares during the period. Hedge funds and other institutional investors own 53.36% of the company’s stock.

Institutional Ownership by Quarter for General Electric Company (NYSE:GE)

Shares of General Electric Company (NYSE:GE) opened at 31.36 on Friday. The stock has a market cap of $277.42 billion, a P/E ratio of 26.96 and a beta of 1.20. The firm has a 50-day moving average of $31.56 and a 200-day moving average of $30.77. General Electric Company has a 52-week low of $27.10 and a 52-week high of $33.00.

General Electric Company (NYSE:GE) last issued its quarterly earnings results on Friday, October 21st. The company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. General Electric Company had a net margin of 8.93% and a return on equity of 16.08%. The company earned $29.30 billion during the quarter, compared to analysts’ expectations of $29.64 billion. During the same quarter in the previous year, the company earned $0.29 EPS. General Electric Company’s revenue was up 3.8% on a year-over-year basis. On average, equities analysts expect that General Electric Company will post $1.49 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 25th. Stockholders of record on Tuesday, December 27th will be given a dividend of $0.24 per share. This is a boost from General Electric Company’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, December 22nd. This represents a $0.96 annualized dividend and a dividend yield of 3.06%. General Electric Company’s payout ratio is currently 83.48%.

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Several research analysts have recently issued reports on GE shares. J P Morgan Chase & Co set a $29.00 price objective on shares of General Electric Company and gave the company a “sell” rating in a report on Friday. Zacks Investment Research cut shares of General Electric Company from a “hold” rating to a “sell” rating in a report on Wednesday, November 30th. Vetr upgraded shares of General Electric Company from a “hold” rating to a “buy” rating and set a $32.17 price objective for the company in a report on Wednesday, November 30th. William Blair reiterated an “outperform” rating and issued a $35.00 price objective on shares of General Electric Company in a report on Tuesday, December 6th. Finally, RBC Capital Markets set a $37.00 price objective on shares of General Electric Company and gave the company a “buy” rating in a report on Thursday, December 15th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $33.33.

In other General Electric Company news, Chairman Jeffrey R. Immelt purchased 50,000 shares of the stock in a transaction dated Wednesday, November 9th. The stock was bought at an average price of $29.24 per share, for a total transaction of $1,462,000.00. Following the transaction, the chairman now directly owns 2,248,688 shares in the company, valued at $65,751,637.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.23% of the company’s stock.

About General Electric Company

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