Global Trust Asset Management LLC Has $146,000 Holdings in General Electric (NYSE:GE)

Global Trust Asset Management LLC lifted its position in shares of General Electric (NYSE:GE) by 22.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 776 shares of the conglomerate’s stock after purchasing an additional 140 shares during the quarter. Global Trust Asset Management LLC’s holdings in General Electric were worth $146,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Studio Investment Management LLC boosted its stake in General Electric by 97.5% in the 2nd quarter. Studio Investment Management LLC now owns 158 shares of the conglomerate’s stock valued at $25,000 after buying an additional 78 shares in the last quarter. Toth Financial Advisory Corp acquired a new stake in General Electric in the 3rd quarter valued at $25,000. MFA Wealth Advisors LLC acquired a new stake in General Electric in the 2nd quarter valued at $31,000. Financial Connections Group Inc. acquired a new stake in General Electric in the 2nd quarter valued at $32,000. Finally, Richardson Financial Services Inc. acquired a new stake in General Electric in the 1st quarter valued at $34,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Ratings Changes

GE has been the topic of several recent analyst reports. UBS Group boosted their price target on General Electric from $223.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday. Melius Research boosted their price objective on General Electric from $194.00 to $202.00 in a research note on Tuesday. Wells Fargo & Company boosted their price objective on General Electric from $205.00 to $210.00 and gave the stock an “overweight” rating in a research note on Wednesday. Bank of America boosted their price objective on General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on General Electric from $212.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $200.93.

General Electric Trading Down 0.3 %

GE stock opened at $179.16 on Friday. The company has a market cap of $196.11 billion, a P/E ratio of 58.76, a PEG ratio of 1.86 and a beta of 1.18. General Electric has a twelve month low of $84.58 and a twelve month high of $194.80. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.95. The business has a fifty day moving average of $179.71 and a 200-day moving average of $168.23.

General Electric (NYSE:GE) last released its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The business had revenue of $9.84 billion during the quarter, compared to the consensus estimate of $9.02 billion. General Electric had a return on equity of 16.07% and a net margin of 7.66%. The firm’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.82 earnings per share. As a group, equities research analysts expect that General Electric will post 4.2 EPS for the current year.

General Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 26th were issued a $0.28 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 0.63%. General Electric’s dividend payout ratio is presently 36.72%.

General Electric Profile

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.