Calamos Wealth Management LLC Buys 3,663 Shares of General Electric (NYSE:GE)

Calamos Wealth Management LLC grew its position in General Electric (NYSE:GE) by 29.5% during the 4th quarter, Holdings Channel reports. The firm owned 16,089 shares of the conglomerate’s stock after purchasing an additional 3,663 shares during the quarter. Calamos Wealth Management LLC’s holdings in General Electric were worth $2,683,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GE. Toth Financial Advisory Corp bought a new position in General Electric during the 3rd quarter worth approximately $25,000. Valley Wealth Managers Inc. bought a new position in General Electric during the 3rd quarter worth about $25,000. O Brien Wealth Partners LLC bought a new stake in shares of General Electric in the third quarter valued at about $27,000. Peterson Financial Group Inc. acquired a new position in shares of General Electric during the third quarter worth about $28,000. Finally, Sugar Maple Asset Management LLC bought a new position in shares of General Electric during the fourth quarter worth about $29,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at General Electric

In other General Electric news, SVP Russell Stokes sold 15,550 shares of the 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 sale, the senior vice president now directly owns 148,857 shares in the company, valued at $26,539,714.53. This represents a 9.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Riccardo Procacci sold 7,000 shares of General Electric 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 sale, the senior vice president now directly owns 13,289 shares of the company’s stock, valued at approximately $2,407,036.57. This trade 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 Stock Performance

GE opened at $204.03 on Tuesday. General Electric has a 1-year low of $108.60 and a 1-year high of $207.65. The company has a market cap of $220.81 billion, a price-to-earnings ratio of 34.06, a PEG ratio of 2.53 and a beta of 1.21. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The company’s fifty day moving average price is $177.41 and its two-hundred day moving average price is $176.54.

General Electric (NYSE:GE) last announced its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS for the quarter, beating 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, analysts expect that General Electric will post 5.39 EPS for the current fiscal year.

General Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Friday, December 27th were given a $0.28 dividend. 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 Analyst Weigh In

A number of analysts recently issued reports on the company. Northcoast Research started coverage on General Electric in a research report on Tuesday, January 7th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. lifted their target price on General Electric from $190.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Citigroup increased their target price on General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Sanford C. Bernstein lifted their price objective on General Electric from $201.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, UBS Group lifted their price objective 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 research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.