American Research & Management Co. grew its position in General Electric Company (NYSE:GE) by 0.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,862 shares of the conglomerate’s stock after purchasing an additional 256 shares during the period. American Research & Management Co.’s holdings in General Electric were worth $3,018,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Harris Associates L P grew its position in General Electric by 26.4% during the first quarter. Harris Associates L P now owns 46,376,143 shares of the conglomerate’s stock valued at $1,382,009,000 after buying an additional 9,681,420 shares during the period. Schwab Charles Investment Management Inc. grew its position in General Electric by 2.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 27,649,070 shares of the conglomerate’s stock valued at $823,943,000 after buying an additional 776,656 shares during the period. APG Asset Management N.V. grew its position in General Electric by 0.9% during the second quarter. APG Asset Management N.V. now owns 17,683,409 shares of the conglomerate’s stock valued at $477,629,000 after buying an additional 159,600 shares during the period. US Bancorp DE grew its position in General Electric by 2.2% during the second quarter. US Bancorp DE now owns 11,477,069 shares of the conglomerate’s stock valued at $309,996,000 after buying an additional 243,034 shares during the period. Finally, Bank of Montreal Can grew its position in General Electric by 11.0% during the second quarter. Bank of Montreal Can now owns 10,159,258 shares of the conglomerate’s stock valued at $274,401,000 after buying an additional 1,005,937 shares during the period. Institutional investors own 54.67% of the company’s stock.

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Several equities analysts recently weighed in on GE shares. UBS AG restated a “buy” rating and set a $31.00 price target (down previously from $35.00) on shares of General Electric in a research report on Tuesday, July 25th. Citigroup Inc. restated a “buy” rating and set a $34.00 price target (down previously from $36.00) on shares of General Electric in a research report on Monday, July 10th. Credit Suisse Group restated an “outperform” rating and set a $30.00 price target (down previously from $33.00) on shares of General Electric in a research report on Thursday, October 5th. Royal Bank Of Canada restated a “buy” rating and set a $31.00 price target on shares of General Electric in a research report on Friday, September 15th. Finally, J P Morgan Chase & Co restated a “sell” rating and set a price target on shares of General Electric in a research report on Thursday. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. General Electric presently has an average rating of “Hold” and a consensus target price of $27.93.

Shares of General Electric Company (GE) opened at 23.83 on Friday. The stock has a market capitalization of $206.32 billion, a P/E ratio of 29.03 and a beta of 1.19. General Electric Company has a 52 week low of $22.10 and a 52 week high of $32.38. The company has a 50-day moving average of $24.11 and a 200-day moving average of $26.55.

General Electric (NYSE:GE) last posted its quarterly earnings results on Friday, October 20th. The conglomerate reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.20). General Electric had a return on equity of 14.59% and a net margin of 6.45%. The business had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $32.51 billion. During the same quarter in the previous year, the company earned $0.32 earnings per share. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. On average, analysts anticipate that General Electric Company will post $1.53 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Monday, September 18th will be paid a $0.24 dividend. The ex-dividend date is Friday, September 15th. This represents a $0.96 annualized dividend and a yield of 4.03%. General Electric’s payout ratio is 120.00%.

In other General Electric news, Director James S. Tisch purchased 100,000 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was acquired at an average cost of $24.56 per share, for a total transaction of $2,456,000.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO John Leonard Flannery purchased 103,983 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was acquired at an average price 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 directly owns 509,430 shares in the company, valued at $13,021,030.80. The disclosure for this purchase can be found here. Insiders acquired a total of 233,253 shares of company stock valued at $5,860,264 over the last 90 days. 0.36% of the stock is currently owned by corporate insiders.

About General Electric

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

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