Atria Investments Inc Acquires 3,179 Shares of General Electric (NYSE:GE)

Atria Investments Inc lifted its holdings in shares of General Electric (NYSE:GE) by 15.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 23,407 shares of the conglomerate’s stock after purchasing an additional 3,179 shares during the period. Atria Investments Inc’s holdings in General Electric were worth $4,414,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in GE. Essex Savings Bank lifted its position in General Electric by 59.7% in the third quarter. Essex Savings Bank now owns 3,240 shares of the conglomerate’s stock valued at $611,000 after purchasing an additional 1,211 shares during the last quarter. Lindbrook Capital LLC increased its stake in shares of General Electric by 1.7% in the third quarter. Lindbrook Capital LLC now owns 6,566 shares of the conglomerate’s stock worth $1,238,000 after buying an additional 110 shares during the period. Assetmark Inc. raised its holdings in General Electric by 2.9% during the 3rd quarter. Assetmark Inc. now owns 272,051 shares of the conglomerate’s stock valued at $51,303,000 after buying an additional 7,670 shares during the last quarter. Carson Advisory Inc. raised its holdings in General Electric by 6.5% during the 3rd quarter. Carson Advisory Inc. now owns 3,199 shares of the conglomerate’s stock valued at $603,000 after buying an additional 194 shares during the last quarter. Finally, Washington Trust Advisors Inc. grew its holdings in General Electric by 1.2% in the 3rd quarter. Washington Trust Advisors Inc. now owns 8,483 shares of the conglomerate’s stock worth $1,600,000 after acquiring an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their target price on General Electric from $212.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. StockNews.com lowered General Electric from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Bank of America raised their price target on General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Barclays upped their price objective on shares of General Electric from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Finally, Citigroup lifted their target price on shares of General Electric from $198.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $200.93.

General Electric Stock Performance

Shares of General Electric stock opened at $182.64 on Wednesday. The stock has a market cap of $197.67 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 1.82 and a beta of 1.19. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.13 and a quick ratio of 0.85. General Electric has a 1 year low of $91.77 and a 1 year high of $194.80. The firm’s 50-day moving average is $180.98 and its 200 day moving average is $170.19.

General Electric (NYSE:GE) last posted its quarterly earnings results on Tuesday, October 22nd. The conglomerate reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The firm had revenue of $9.84 billion for the quarter, compared to analysts’ expectations of $9.02 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. Sell-side analysts anticipate that General Electric will post 4.22 EPS for the current fiscal year.

General Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date was Thursday, September 26th. General Electric’s payout ratio is currently 19.68%.

Insider Activity at General Electric

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 13,289 shares of the company’s stock, valued at approximately $2,407,036.57. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.66% of the stock is currently owned by insiders.

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.