Stock Yards Bank & Trust Co. decreased its position in General Electric (NYSE:GE) by 35.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 67,219 shares of the conglomerate’s stock after selling 36,876 shares during the period. Stock Yards Bank & Trust Co.’s holdings in General Electric were worth $509,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. QUANTRES ASSET MANAGEMENT Ltd lifted its position in General Electric by 295.0% in the 4th quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 94,400 shares of the conglomerate’s stock worth $715,000 after buying an additional 70,500 shares in the last quarter. DNB Asset Management AS lifted its position in General Electric by 15.0% in the 4th quarter. DNB Asset Management AS now owns 1,668,085 shares of the conglomerate’s stock worth $12,627,000 after buying an additional 217,965 shares in the last quarter. Greylin Investment Mangement Inc. lifted its position in General Electric by 4.1% in the 4th quarter. Greylin Investment Mangement Inc. now owns 226,720 shares of the conglomerate’s stock worth $1,716,000 after buying an additional 8,955 shares in the last quarter. Cordasco Financial Network lifted its position in General Electric by 430.8% in the 4th quarter. Cordasco Financial Network now owns 13,110 shares of the conglomerate’s stock worth $99,000 after buying an additional 10,640 shares in the last quarter. Finally, Bristol Advisors LLC purchased a new stake in General Electric in the 4th quarter worth approximately $303,000. 53.73% of the stock is owned by hedge funds and other institutional investors.
Shares of GE stock traded up $0.08 during trading on Friday, reaching $10.11. The company’s stock had a trading volume of 319,249 shares, compared to its average volume of 103,816,368. The company has a quick ratio of 1.36, a current ratio of 1.66 and a debt-to-equity ratio of 2.14. The firm has a market cap of $87.69 billion, a PE ratio of 15.57, a P/E/G ratio of 3.15 and a beta of 0.99. General Electric has a one year low of $6.66 and a one year high of $15.59.
General Electric (NYSE:GE) last announced its quarterly earnings data on Thursday, January 31st. The conglomerate reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). The business had revenue of $33.28 billion during the quarter, compared to the consensus estimate of $32.01 billion. General Electric had a positive return on equity of 9.84% and a negative net margin of 18.38%. On average, equities analysts predict that General Electric will post 0.64 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Monday, March 11th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Friday, March 8th. General Electric’s payout ratio is presently 6.15%.
GE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reiterated a “sell” rating and issued a $10.00 target price on shares of General Electric in a research report on Thursday, October 25th. Royal Bank of Canada reiterated a “buy” rating and set a $15.00 target price on shares of General Electric in a research report on Tuesday, October 30th. Goldman Sachs Group set a $14.00 price target on shares of General Electric and gave the company a “neutral” rating in a report on Tuesday, October 30th. Citigroup dropped their target price on shares of General Electric from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Tuesday, October 30th. Finally, ValuEngine downgraded shares of General Electric from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 31st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company. General Electric has an average rating of “Hold” and an average target price of $13.04.
TRADEMARK VIOLATION WARNING: This report was first reported by Macon Daily and is owned by of Macon Daily. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this report can be read at https://macondaily.com/2019/02/22/general-electric-ge-position-reduced-by-stock-yards-bank-trust-co.html.
About General Electric
General Electric Company operates as a digital industrial company worldwide. It operates through Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, engines, generators, and high voltage equipment; and power generation services and digital solutions.
Featured Article: What is the Coverage Ratio?
Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Electric (NYSE:GE).
Receive News & Ratings for General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Electric and related companies with MarketBeat.com's FREE daily email newsletter.