General Electric (NYSE:GE) Shares Sold by OLD Second National Bank of Aurora

OLD Second National Bank of Aurora trimmed its position in General Electric (NYSE:GE) by 13.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 508 shares of the conglomerate’s stock after selling 82 shares during the period. OLD Second National Bank of Aurora’s holdings in General Electric were worth $85,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. OLD National Bancorp IN boosted its holdings in General Electric by 8.8% in the 4th quarter. OLD National Bancorp IN now owns 3,584 shares of the conglomerate’s stock worth $598,000 after buying an additional 290 shares during the last quarter. Synergy Asset Management LLC boosted its holdings in shares of General Electric by 109.2% during the 4th quarter. Synergy Asset Management LLC now owns 48,230 shares of the conglomerate’s stock worth $8,592,000 after purchasing an additional 25,170 shares during the last quarter. New England Research & Management Inc. boosted its holdings in shares of General Electric by 174.1% during the 4th quarter. New England Research & Management Inc. now owns 7,975 shares of the conglomerate’s stock worth $1,330,000 after purchasing an additional 5,065 shares during the last quarter. Baader Bank Aktiengesellschaft boosted its holdings in shares of General Electric by 32.2% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 8,267 shares of the conglomerate’s stock worth $1,379,000 after purchasing an additional 2,012 shares during the last quarter. Finally, Hanson & Doremus Investment Management boosted its holdings in shares of General Electric by 11.0% during the 4th quarter. Hanson & Doremus Investment Management now owns 3,781 shares of the conglomerate’s stock worth $631,000 after purchasing an additional 374 shares during the last quarter. 74.77% of the stock is currently owned by institutional investors and hedge funds.

General Electric Stock Up 2.3 %

Shares of NYSE GE opened at $198.88 on Thursday. The firm has a market cap of $215.25 billion, a price-to-earnings ratio of 34.95, a PEG ratio of 1.53 and a beta of 1.19. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95. General Electric has a 52-week low of $104.98 and a 52-week high of $207.65. The business’s 50 day moving average is $176.00 and its two-hundred day moving average is $175.63.

General Electric (NYSE:GE) last announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 18.93% and a net margin of 11.48%. Research analysts predict that General Electric will post 4.23 EPS for the current year.

General Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Friday, December 27th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Friday, December 27th. General Electric’s dividend payout ratio is currently 19.68%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GE. Melius Research boosted their target price on General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their target price on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Citigroup boosted their target price on General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a report on Monday. Northcoast Research began coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating on the stock. Finally, Wells Fargo & Company lifted their price target on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $208.73.

Insider Transactions at General Electric

In other news, SVP Russell Stokes sold 15,550 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the sale, the senior vice president now owns 148,857 shares of the company’s stock, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Riccardo Procacci sold 7,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $181.13, for a total value of $1,267,910.00. Following the sale, the senior vice president now directly owns 13,289 shares in the company, valued at $2,407,036.57. This represents a 34.50 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

General Electric Company 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.