WoodTrust Financial Corp Grows Position in General Electric (NYSE:GE)

WoodTrust Financial Corp boosted its stake in General Electric (NYSE:GEFree Report) by 22.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,444 shares of the conglomerate’s stock after buying an additional 1,001 shares during the quarter. WoodTrust Financial Corp’s holdings in General Electric were worth $695,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Fifth Third Bancorp increased its position in shares of General Electric by 12.5% during the 4th quarter. Fifth Third Bancorp now owns 261,187 shares of the conglomerate’s stock valued at $33,335,000 after purchasing an additional 28,985 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of General Electric by 10.9% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 109,332 shares of the conglomerate’s stock valued at $12,087,000 after purchasing an additional 10,722 shares during the last quarter. Hoey Investments Inc. increased its position in shares of General Electric by 51,152.3% during the 3rd quarter. Hoey Investments Inc. now owns 22,551 shares of the conglomerate’s stock valued at $2,493,000 after purchasing an additional 22,507 shares during the last quarter. Qsemble Capital Management LP purchased a new stake in shares of General Electric during the 3rd quarter valued at $1,846,000. Finally, Cambridge Financial Group Inc. purchased a new stake in shares of General Electric during the 3rd quarter valued at $6,285,000. 74.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. StockNews.com assumed coverage on General Electric in a research note on Thursday, March 28th. They set a “hold” rating for the company. TheStreet upgraded General Electric from a “c+” rating to a “b+” rating in a research note on Tuesday, January 23rd. Jefferies Financial Group increased their price target on General Electric from $180.00 to $195.00 in a research note on Monday, March 11th. Barclays increased their price target on General Electric from $153.00 to $181.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Finally, Royal Bank of Canada increased their price target on General Electric from $148.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $151.85.

Get Our Latest Analysis on General Electric

General Electric Price Performance

NYSE GE traded up $9.83 during trading hours on Wednesday, hitting $146.30. The company had a trading volume of 11,335,360 shares, compared to its average volume of 6,373,940. The firm has a market capitalization of $159.95 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 2.35 and a beta of 1.29. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.18. The firm has a 50 day simple moving average of $154.45 and a 200 day simple moving average of $130.91. General Electric has a 52 week low of $93.47 and a 52 week high of $180.36.

General Electric (NYSE:GEGet Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.13. The firm had revenue of $19.42 billion during the quarter, compared to the consensus estimate of $17.27 billion. General Electric had a return on equity of 10.88% and a net margin of 13.95%. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter last year, the company posted $1.24 EPS. Equities research analysts expect that General Electric will post 4.57 earnings per share for the current year.

Insider Activity

In other news, SVP Michael J. Holston sold 22,055 shares of General Electric stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the completion of the sale, the senior vice president now owns 56,284 shares in the company, valued at approximately $8,153,863.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, SVP Michael J. Holston sold 13,601 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the transaction, the senior vice president now directly owns 48,339 shares of the company’s stock, valued at approximately $6,552,351.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total value of $3,195,107.85. Following the transaction, the senior vice president now directly owns 56,284 shares in the company, valued at $8,153,863.08. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

About General Electric

(Free Report)

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.

Further Reading

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

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