General Electric (NYSE:GE) Stock Position Lessened by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH decreased its holdings in General Electric (NYSE:GE) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,880 shares of the conglomerate’s stock after selling 300 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in General Electric were worth $368,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. State Street Corp grew its stake in shares of General Electric by 3.5% in the second quarter. State Street Corp now owns 50,207,805 shares of the conglomerate’s stock worth $5,515,327,000 after purchasing an additional 1,717,793 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its stake in General Electric by 122,242.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 13,438,063 shares of the conglomerate’s stock valued at $878,644,000 after buying an additional 13,427,079 shares in the last quarter. Northern Trust Corp boosted its stake in General Electric by 4.0% during the third quarter. Northern Trust Corp now owns 10,588,433 shares of the conglomerate’s stock valued at $1,170,551,000 after buying an additional 410,061 shares in the last quarter. Morgan Stanley boosted its stake in General Electric by 5.1% during the third quarter. Morgan Stanley now owns 8,955,511 shares of the conglomerate’s stock valued at $990,032,000 after buying an additional 434,736 shares in the last quarter. Finally, Norges Bank bought a new position in General Electric during the fourth quarter valued at about $635,274,000. Institutional investors own 74.77% of the company’s stock.

General Electric Stock Up 3.8 %

Shares of General Electric stock opened at $180.12 on Thursday. The stock has a 50-day moving average price of $150.52 and a 200 day moving average price of $129.01. The company has a market cap of $196.92 billion, a P/E ratio of 21.52, a P/E/G ratio of 2.30 and a beta of 1.28. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69. General Electric has a 1 year low of $92.56 and a 1 year high of $180.36.

General Electric (NYSE:GE) last announced its quarterly earnings data on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.24 EPS. As a group, analysts expect that General Electric will post 4.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on GE shares. StockNews.com started coverage on General Electric in a research note on Thursday. They set a “hold” rating for the company. TheStreet raised General Electric from a “c+” rating to a “b+” rating in a research note on Tuesday, January 23rd. Jefferies Financial Group raised their target price on General Electric from $180.00 to $195.00 in a research note on Monday, March 11th. Barclays upped their target price on General Electric from $153.00 to $181.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Finally, JPMorgan Chase & Co. raised General Electric from a “neutral” rating to an “overweight” rating and upped their target price for the company from $166.00 to $180.00 in a report on Friday, March 8th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $150.54.

Insider Buying and Selling

In other 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 completion of the sale, the senior vice president now directly owns 48,339 shares of the company’s stock, valued at approximately $6,552,351.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other 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 completion of the sale, the senior vice president now directly owns 48,339 shares of the company’s stock, valued at approximately $6,552,351.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael J. Holston sold 22,055 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total value of $3,195,107.85. Following the sale, the senior vice president now directly owns 56,284 shares of the company’s stock, valued at $8,153,863.08. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.

About General Electric

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.