Assetmark Inc. reduced its position in shares of General Electric Company (NYSE:GE) by 1.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,272 shares of the conglomerate’s stock after selling 484 shares during the period. Assetmark Inc.’s holdings in General Electric were worth $1,200,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Insight 2811 Inc. raised its position in General Electric by 0.3% in the first quarter. Insight 2811 Inc. now owns 37,789 shares of the conglomerate’s stock worth $1,126,000 after buying an additional 118 shares during the period. Blue Fin Capital Inc. raised its position in General Electric by 0.3% in the first quarter. Blue Fin Capital Inc. now owns 55,992 shares of the conglomerate’s stock valued at $1,668,000 after buying an additional 158 shares during the last quarter. Huntington Steele LLC raised its position in General Electric by 1.0% in the first quarter. Huntington Steele LLC now owns 16,611 shares of the conglomerate’s stock valued at $495,000 after buying an additional 165 shares during the last quarter. Commonwealth Financial Services LLC raised its position in General Electric by 0.9% in the first quarter. Commonwealth Financial Services LLC now owns 23,035 shares of the conglomerate’s stock valued at $690,000 after buying an additional 203 shares during the last quarter. Finally, Meridian Investment Counsel Inc. raised its position in General Electric by 0.3% in the first quarter. Meridian Investment Counsel Inc. now owns 65,895 shares of the conglomerate’s stock valued at $1,964,000 after buying an additional 218 shares during the last quarter. 54.24% of the stock is owned by hedge funds and other institutional investors.

Shares of General Electric Company (GE) opened at 25.78 on Friday. The stock has a market cap of $223.20 billion, a price-to-earnings ratio of 31.40 and a beta of 1.21. General Electric Company has a 12 month low of $25.26 and a 12 month high of $32.38. The company has a 50-day moving average price of $26.94 and a 200-day moving average price of $28.78.

General Electric (NYSE:GE) last released its quarterly earnings results on Friday, July 21st. The conglomerate reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $29.56 billion for the quarter, compared to the consensus estimate of $29.07 billion. General Electric had a return on equity of 14.59% and a net margin of 6.45%. The firm’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS. On average, analysts expect that General Electric Company will post $1.57 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Monday, June 19th were paid a dividend of $0.24 per share. The ex-dividend date was Thursday, June 15th. This represents a $0.96 dividend on an annualized basis and a yield of 3.72%. General Electric’s dividend payout ratio is presently 118.52%.

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Several research analysts have commented on the stock. J P Morgan Chase & Co set a $22.00 price objective on shares of General Electric and gave the stock a “sell” rating in a research note on Monday, July 24th. Vetr lowered shares of General Electric from a “buy” rating to a “hold” rating and set a $29.71 price objective for the company. in a research note on Monday, June 12th. Morgan Stanley reaffirmed an “equal weight” rating and set a $27.00 price objective on shares of General Electric in a research note on Monday, July 17th. Stifel Nicolaus lifted their price objective on shares of General Electric from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, April 25th. Finally, Argus dropped their price objective on shares of General Electric from $36.00 to $33.00 and set a “buy” rating for the company in a research note on Monday, April 24th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $30.25.

In other news, Director James E. Rohr purchased 27,425 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were purchased at an average price of $25.50 per share, for a total transaction of $699,337.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Alexander Dimitrief purchased 1,845 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were purchased at an average price of $25.54 per share, for a total transaction of $47,121.30. Following the purchase, the insider now directly owns 65,597 shares in the company, valued at $1,675,347.38. The disclosure for this purchase can be found here. Insiders have purchased a total of 149,270 shares of company stock worth $4,113,059 in the last 90 days. 0.36% of the stock is currently owned by company insiders.

About General Electric

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

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