Sargent Investment Group LLC Has $2.67 Million Holdings in General Electric (NYSE:GE)

Sargent Investment Group LLC boosted its holdings in General Electric (NYSE:GE) by 6.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,588 shares of the conglomerate’s stock after purchasing an additional 961 shares during the quarter. Sargent Investment Group LLC’s holdings in General Electric were worth $2,674,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Old North State Wealth Management LLC grew its holdings in shares of General Electric by 3.0% during the 4th quarter. Old North State Wealth Management LLC now owns 1,981 shares of the conglomerate’s stock worth $331,000 after purchasing an additional 58 shares in the last quarter. 1858 Wealth Management LLC increased its holdings in General Electric by 19.8% in the 4th quarter. 1858 Wealth Management LLC now owns 9,268 shares of the conglomerate’s stock valued at $1,546,000 after buying an additional 1,529 shares during the period. Greenwood Capital Associates LLC raised its position in shares of General Electric by 8.7% in the 4th quarter. Greenwood Capital Associates LLC now owns 27,752 shares of the conglomerate’s stock valued at $4,629,000 after buying an additional 2,210 shares in the last quarter. James J. Burns & Company LLC lifted its holdings in shares of General Electric by 65.6% during the 4th quarter. James J. Burns & Company LLC now owns 1,846 shares of the conglomerate’s stock worth $308,000 after acquiring an additional 731 shares during the period. Finally, Brown Lisle Cummings Inc. boosted its position in shares of General Electric by 35.8% during the 4th quarter. Brown Lisle Cummings Inc. now owns 2,086 shares of the conglomerate’s stock worth $348,000 after acquiring an additional 550 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.

Insider Buying and Selling

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $178.29, for a total value of $2,772,409.50. Following the completion of the transaction, the senior vice president now owns 148,857 shares of the company’s stock, valued at $26,539,714.53. The trade was a 9.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.66% of the stock is currently owned by insiders.

General Electric Stock Performance

Shares of GE opened at $202.19 on Wednesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. The firm has a market cap of $218.83 billion, a PE ratio of 33.75, a PEG ratio of 2.53 and a beta of 1.21. General Electric has a 1 year low of $108.60 and a 1 year high of $207.65. The stock’s fifty day moving average price is $177.89 and its two-hundred day moving average price is $176.86.

General Electric (NYSE:GE) last released its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, topping the consensus estimate of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. On average, equities research analysts forecast that General Electric will post 5.39 EPS for the current year.

General Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Friday, December 27th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $1.12 annualized dividend and a yield of 0.55%. General Electric’s dividend payout ratio is currently 18.70%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GE. Wells Fargo & Company boosted their target price on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Melius Research increased their price objective on shares of General Electric from $194.00 to $202.00 in a research note on Tuesday, October 22nd. Citigroup boosted their target price on shares of General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. JPMorgan Chase & Co. increased their price target on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, General Electric has an average rating of “Moderate Buy” and a consensus price target of $208.73.

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.