General Electric Company (NYSE:GE) Stake Increased by Brown Advisory Securities LLC
Brown Advisory Securities LLC boosted its stake in General Electric Company (NYSE:GE) by 1.0% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 214,597 shares of the conglomerate’s stock after buying an additional 2,163 shares during the period. General Electric accounts for about 1.6% of Brown Advisory Securities LLC’s holdings, making the stock its 11th largest position. Brown Advisory Securities LLC’s holdings in General Electric were worth $6,401,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in GE. Jarislowsky Fraser Ltd boosted its stake in General Electric by 5.5% in the fourth quarter. Jarislowsky Fraser Ltd now owns 4,075,563 shares of the conglomerate’s stock valued at $128,787,000 after buying an additional 211,742 shares in the last quarter. Discovery Capital Management LLC CT bought a new stake in General Electric during the fourth quarter valued at approximately $29,719,000. Roundview Capital LLC boosted its stake in General Electric by 2.0% in the fourth quarter. Roundview Capital LLC now owns 76,472 shares of the conglomerate’s stock valued at $2,417,000 after buying an additional 1,515 shares in the last quarter. AE Wealth Management LLC bought a new stake in General Electric during the fourth quarter valued at approximately $2,092,000. Finally, Banco Santander S.A. bought a new stake in General Electric during the fourth quarter valued at approximately $13,259,000. Institutional investors own 54.29% of the company’s stock.
General Electric Company (NYSE GE) traded down 0.6616% on Thursday, hitting $25.5399. The company had a trading volume of 5,215,439 shares. The firm has a 50-day moving average price of $26.42 and a 200-day moving average price of $28.58. The firm has a market capitalization of $221.12 billion, a PE ratio of 31.1083 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.
General Electric (NYSE:GE) last released its quarterly earnings data on Friday, July 21st. The conglomerate reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. The business had revenue of $29.56 billion for the quarter, compared to analyst estimates of $29.07 billion. General Electric had a return on equity of 14.59% and a net margin of 6.45%. General Electric’s revenue was down 11.8% compared to the same quarter last year. During the same period last year, the firm posted $0.51 earnings per share. On average, equities research analysts anticipate that General Electric Company will post $1.57 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Monday, June 19th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend was Thursday, June 15th. General Electric’s dividend payout ratio (DPR) is presently 118.52%.
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GE has been the topic of several recent research reports. J P Morgan Chase & Co set a $22.00 price objective on shares of General Electric and gave the company a “sell” rating in a research report 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 on the stock. in a research report 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 report on Monday, July 17th. Stifel Nicolaus raised their price objective on shares of General Electric from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, April 25th. Finally, Argus cut their price objective on shares of 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 investment analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.08.
In other news, CEO John Leonard Flannery purchased 103,983 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average cost of $25.56 per share, with a total value of $2,657,805.48. Following the completion of the purchase, the chief executive officer now owns 509,430 shares of the company’s stock, valued at approximately $13,021,030.80. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Jeffrey R. Immelt purchased 100,000 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were purchased at an average cost of $28.07 per share, for a total transaction of $2,807,000.00. Following the completion of the purchase, the chairman now directly owns 2,561,926 shares of the company’s stock, valued at approximately $71,913,262.82. The disclosure for this purchase can be found here. Insiders purchased 253,253 shares of company stock worth $6,770,864 over the last ninety days. 0.36% of the stock is currently owned by insiders.
About General Electric
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