Sapient Capital LLC Buys 110,789 Shares of General Electric (NYSE:GE)

Sapient Capital LLC grew its stake in shares of General Electric (NYSE:GE) by 192.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 168,367 shares of the conglomerate’s stock after buying an additional 110,789 shares during the quarter. Sapient Capital LLC’s holdings in General Electric were worth $28,129,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Gilman Hill Asset Management LLC acquired a new stake in shares of General Electric during the third quarter valued at about $209,000. CVA Family Office LLC raised its holdings 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 buying an additional 83 shares during the last quarter. Armstrong Advisory Group Inc. boosted its position in General Electric by 62.9% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 3,641 shares of the conglomerate’s stock worth $687,000 after buying an additional 1,406 shares during the period. Svenska Handelsbanken AB publ bought a new stake in General Electric during the 3rd quarter worth approximately $38,710,000. Finally, Oliver Luxxe Assets LLC increased its position in General Electric by 16.0% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 34,468 shares of the conglomerate’s stock valued at $6,500,000 after acquiring an additional 4,752 shares during the period. 74.77% of the stock is currently owned by institutional investors and hedge funds.

General Electric Stock Performance

Shares of General Electric stock opened at $205.33 on Tuesday. The business has a 50-day simple moving average of $179.68 and a 200 day simple moving average of $178.00. The firm has a market capitalization of $220.38 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 2.56 and a beta of 1.22. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 0.81. General Electric has a one year low of $110.95 and a one year high of $207.84.

General Electric (NYSE:GE) last issued 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%. On average, research analysts anticipate that General Electric will post 5.39 earnings per share for the current fiscal year.

General Electric Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GE. Bank of America lifted their price target on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 27th. JPMorgan Chase & Co. upped their price target on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Wells Fargo & Company raised their price objective on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of General Electric in a report on Wednesday, January 22nd. Finally, Melius Research raised their price target on shares of General Electric from $194.00 to $202.00 in a report on Tuesday, October 22nd. 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $208.73.

Insider Transactions at General Electric

In related news, SVP Russell Stokes sold 15,550 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the sale, the senior vice president now owns 148,857 shares in the company, valued at approximately $26,539,714.53. This represents a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.66% of the stock is currently owned by insiders.

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.