Nicolet Bankshares Inc. Sells 14,006 Shares of General Electric Company (NYSE:GE)
Nicolet Bankshares Inc. lowered its stake in shares of General Electric Company (NYSE:GE) by 18.4% during the first quarter, Holdings Channel reports. The fund owned 61,922 shares of the conglomerate’s stock after selling 14,006 shares during the period. General Electric comprises about 1.0% of Nicolet Bankshares Inc.’s holdings, making the stock its 17th largest position. Nicolet Bankshares Inc.’s holdings in General Electric were worth $1,845,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of GE. Jarislowsky Fraser Ltd boosted its stake in shares of General Electric by 5.5% in the fourth quarter. Jarislowsky Fraser Ltd now owns 4,075,563 shares of the conglomerate’s stock worth $128,787,000 after buying an additional 211,742 shares in the last quarter. Discovery Capital Management LLC CT bought a new stake in shares of General Electric during the fourth quarter worth approximately $29,719,000. Roundview Capital LLC boosted its stake in shares of General Electric by 2.0% in the fourth quarter. Roundview Capital LLC now owns 76,472 shares of the conglomerate’s stock worth $2,417,000 after buying an additional 1,515 shares in the last quarter. AE Wealth Management LLC bought a new stake in shares of General Electric during the fourth quarter worth approximately $2,092,000. Finally, Banco Santander S.A. bought a new stake in shares of General Electric during the fourth quarter worth approximately $13,259,000. 54.24% of the stock is currently owned by institutional investors and hedge funds.
Shares of General Electric Company (GE) opened at 26.82 on Tuesday. The stock has a market capitalization of $232.90 billion, a price-to-earnings ratio of 27.31 and a beta of 1.22. The stock has a 50 day moving average price of $27.94 and a 200 day moving average price of $29.66. General Electric Company has a 1-year low of $25.85 and a 1-year high of $33.00.
General Electric (NYSE:GE) last issued its earnings results on Friday, April 21st. The conglomerate reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.04. General Electric had a net margin of 7.48% and a return on equity of 16.59%. The firm had revenue of $27.66 billion during the quarter, compared to analysts’ expectations of $26.37 billion. During the same quarter last year, the company posted $0.21 earnings per share. The firm’s revenue was down .7% compared to the same quarter last year. Equities research analysts anticipate that General Electric Company will post $1.62 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 25th. Investors of record on Monday, June 19th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $0.96 annualized dividend and a dividend yield of 3.58%. General Electric’s dividend payout ratio (DPR) is presently 97.96%.
COPYRIGHT VIOLATION WARNING: This story was first reported by Daily Political and is the property of of Daily Political. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this story can be read at https://www.dailypolitical.com/2017/07/18/nicolet-bankshares-inc-sells-14006-shares-of-general-electric-company-nysege.html.
A number of analysts have recently commented on the company. William Blair reissued a “buy” rating on shares of General Electric in a research report on Saturday, April 1st. Morgan Stanley reissued an “equal weight” rating and issued a $27.00 price target on shares of General Electric in a research report on Monday. Cowen and Company reissued a “hold” rating and issued a $27.00 price target on shares of General Electric in a research report on Monday. Vetr cut General Electric from a “buy” rating to a “hold” rating and set a $29.71 price target on the stock. in a research report on Monday, June 12th. Finally, Argus dropped their price target on General Electric from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Monday, April 24th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. General Electric presently has a consensus rating of “Hold” and an average target price of $30.75.
In other General Electric news, Chairman Jeffrey R. Immelt bought 100,000 shares of General Electric stock in a transaction that occurred on Monday, May 15th. The stock was purchased at an average price of $28.07 per share, with a total value of $2,807,000.00. Following the completion of the acquisition, the chairman now directly owns 2,561,926 shares in the company, valued at approximately $71,913,262.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William G. Beattie bought 4,000 shares of General Electric stock in a transaction that occurred on Wednesday, May 17th. The shares were acquired at an average cost of $27.70 per share, with a total value of $110,800.00. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 140,000 shares of company stock valued at $3,964,600. 0.36% of the stock is currently owned by corporate insiders.
General Electric Company Profile
Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Electric Company (NYSE:GE).
Receive News & Ratings for General Electric Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric Company and related companies with MarketBeat.com's FREE daily email newsletter.