Sapient Capital LLC Has $28.13 Million Stake in General Electric (NYSE:GE)

Sapient Capital LLC lifted its holdings in shares of General Electric (NYSE:GE) by 192.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,367 shares of the conglomerate’s stock after purchasing an additional 110,789 shares during the quarter. Sapient Capital LLC’s holdings in General Electric were worth $28,129,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of GE. Gilman Hill Asset Management LLC acquired a new position in shares of General Electric in the third quarter valued at approximately $209,000. CVA Family Office LLC lifted its position in General Electric by 4.4% in the 3rd quarter. CVA Family Office LLC now owns 1,962 shares of the conglomerate’s stock valued at $370,000 after acquiring an additional 83 shares in the last quarter. Armstrong Advisory Group Inc. lifted its position in General Electric by 62.9% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 3,641 shares of the conglomerate’s stock valued at $687,000 after acquiring an additional 1,406 shares in the last quarter. Svenska Handelsbanken AB publ acquired a new position in General Electric in the 3rd quarter worth $38,710,000. Finally, Oliver Luxxe Assets LLC increased its holdings in General Electric by 16.0% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 34,468 shares of the conglomerate’s stock worth $6,500,000 after purchasing an additional 4,752 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

Insider Buying and Selling at General Electric

In other news, SVP Russell Stokes sold 15,550 shares of General Electric stock in a transaction on Monday, November 18th. The stock was sold at an average price of $178.29, for a total value of $2,772,409.50. Following the transaction, the senior vice president now owns 148,857 shares in the company, valued at approximately $26,539,714.53. This trade represents a 9.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.66% of the company’s stock.

General Electric Trading Up 0.0 %

Shares of GE stock opened at $205.33 on Tuesday. General Electric has a 12-month low of $110.95 and a 12-month high of $207.84. The company has a market capitalization of $220.38 billion, a PE ratio of 34.28, a price-to-earnings-growth ratio of 2.56 and a beta of 1.22. The firm has a 50 day moving average price of $179.68 and a two-hundred day moving average price of $178.00. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88.

General Electric (NYSE:GE) last posted its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. As a group, analysts predict that General Electric will post 5.39 earnings per share for the current year.

General Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Friday, December 27th were paid a dividend of $0.28 per share. The ex-dividend date was Friday, December 27th. This represents a $1.12 dividend on an annualized basis and a yield of 0.55%. General Electric’s dividend payout ratio (DPR) is presently 18.70%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Sanford C. Bernstein upped their price objective on General Electric from $201.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. JPMorgan Chase & Co. upped their price target on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Bank of America lifted their price objective on shares of General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, January 27th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. Finally, UBS Group lifted their price target on shares of General Electric from $215.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, General Electric presently has an average rating of “Moderate Buy” and a consensus target price of $208.73.

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.