Pekin Singer Strauss Asset Management IL Has $4.07 Million Position in General Electric Company (GE)

Pekin Singer Strauss Asset Management IL increased its stake in shares of General Electric Company (NYSE:GE) by 1.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,802 shares of the conglomerate’s stock after purchasing an additional 1,500 shares during the quarter. Pekin Singer Strauss Asset Management IL’s holdings in General Electric were worth $4,073,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Warren Averett Asset Management LLC raised its stake in General Electric by 7.0% in the second quarter. Warren Averett Asset Management LLC now owns 103,854 shares of the conglomerate’s stock valued at $2,805,000 after buying an additional 6,799 shares during the last quarter. Sabal Trust CO raised its stake in General Electric by 5.4% in the second quarter. Sabal Trust CO now owns 1,080,995 shares of the conglomerate’s stock valued at $29,198,000 after buying an additional 55,049 shares during the last quarter. Smithbridge Asset Management Inc. DE raised its stake in General Electric by 47.2% in the second quarter. Smithbridge Asset Management Inc. DE now owns 31,268 shares of the conglomerate’s stock valued at $845,000 after buying an additional 10,025 shares during the last quarter. Rothschild Investment Corp IL raised its stake in General Electric by 2.4% in the second quarter. Rothschild Investment Corp IL now owns 465,351 shares of the conglomerate’s stock valued at $12,569,000 after buying an additional 10,906 shares during the last quarter. Finally, Windsor Financial Group LLC raised its stake in General Electric by 497.6% in the first quarter. Windsor Financial Group LLC now owns 156,454 shares of the conglomerate’s stock valued at $4,662,000 after buying an additional 130,275 shares during the last quarter. Hedge funds and other institutional investors own 54.29% of the company’s stock.

In other General Electric news, Director James S. Tisch acquired 100,000 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were bought at an average cost of $24.56 per share, with a total value of $2,456,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.36% of the stock is currently owned by company insiders.

A number of research firms have commented on GE. Morgan Stanley reiterated an “equal weight” rating and issued a $26.00 price target (down from $27.00) on shares of General Electric in a research note on Monday, July 24th. J P Morgan Chase & Co set a $22.00 price target on General Electric and gave the company a “sell” rating in a research note on Monday, July 24th. Goldman Sachs Group, Inc. (The) set a $27.00 price target on General Electric and gave the company a “neutral” rating in a research note on Monday, July 24th. Credit Suisse Group reiterated an “outperform” rating and issued a $33.00 price target on shares of General Electric in a research note on Saturday, July 22nd. Finally, Cowen and Company reiterated a “hold” rating and issued a $24.00 price target on shares of General Electric in a research note on Monday, August 7th. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. General Electric currently has a consensus rating of “Hold” and a consensus price target of $24.84.

Shares of General Electric Company (NYSE:GE) opened at $18.26 on Thursday. The company has a current ratio of 1.86, a quick ratio of 1.53 and a debt-to-equity ratio of 1.14. General Electric Company has a 1-year low of $17.46 and a 1-year high of $32.38. The company has a market capitalization of $155,186.97, a PE ratio of 14.43, a P/E/G ratio of 1.95 and a beta of 1.11.

General Electric (NYSE:GE) last issued its quarterly earnings data on Friday, October 20th. The conglomerate reported $0.29 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.20). General Electric had a net margin of 6.08% and a return on equity of 13.72%. The business had revenue of $33.47 billion during the quarter, compared to analyst estimates of $32.51 billion. During the same period in the previous year, the business posted $0.32 earnings per share. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. analysts predict that General Electric Company will post 1.06 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Monday, September 18th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.26%. The ex-dividend date of this dividend was Friday, September 15th. General Electric’s payout ratio is currently 120.00%.

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About General Electric

Institutional Ownership by Quarter for General Electric (NYSE:GE)

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