General Electric (GE) Shares Sold by Rosenblum Silverman Sutton S F Inc. CA

Rosenblum Silverman Sutton S F Inc. CA reduced its stake in General Electric (NYSE:GE) by 32.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 126,350 shares of the conglomerate’s stock after selling 61,639 shares during the quarter. Rosenblum Silverman Sutton S F Inc. CA’s holdings in General Electric were worth $3,055,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of GE. MPS Loria Financial Planners LLC bought a new stake in General Electric in the second quarter valued at $113,000. Ffcm LLC bought a new stake in General Electric in the second quarter valued at $114,000. Corbenic Partners LLC increased its stake in General Electric by 15.7% in the second quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock valued at $144,000 after purchasing an additional 725 shares in the last quarter. Bristlecone Advisors LLC bought a new stake in General Electric in the third quarter valued at $164,000. Finally, Tuttle Tactical Management LLC bought a new stake in General Electric in the second quarter valued at $209,000. 55.63% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Steven M. Mollenkopf acquired 5,500 shares of General Electric stock in a transaction on Thursday, November 16th. The stock was acquired at an average cost of $18.24 per share, with a total value of $100,320.00. Following the transaction, the director now owns 5,500 shares of the company’s stock, valued at approximately $100,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Francisco Dsouza acquired 55,000 shares of General Electric stock in a transaction on Monday, November 20th. The stock was purchased at an average cost of $17.94 per share, with a total value of $986,700.00. The disclosure for this purchase can be found here. Insiders acquired a total of 120,500 shares of company stock valued at $2,183,220 over the last ninety days. 0.36% of the stock is currently owned by insiders.

Shares of General Electric (GE) opened at $18.56 on Wednesday. General Electric has a 52-week low of $17.25 and a 52-week high of $31.62. The company has a current ratio of 1.86, a quick ratio of 1.53 and a debt-to-equity ratio of 1.14. The company has a market cap of $160,950.00, a PE ratio of 21.58, a PEG ratio of 2.05 and a beta of 1.07.

General Electric (NYSE:GE) last issued its quarterly earnings data on Friday, October 20th. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.20). General Electric had a return on equity of 13.72% and a net margin of 6.08%. The firm had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $32.51 billion. During the same period in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. research analysts anticipate that General Electric will post 1.07 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Wednesday, December 27th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Tuesday, December 26th. General Electric’s payout ratio is 55.81%.

Several research firms have weighed in on GE. JPMorgan Chase & Co. reaffirmed a “sell” rating and issued a $16.00 price target (down from $17.00) on shares of General Electric in a research note on Monday. Tigress Financial reissued a “hold” rating on shares of General Electric in a research report on Thursday, December 28th. Stifel Nicolaus set a $18.00 target price on shares of General Electric and gave the stock a “neutral” rating in a research report on Monday, December 11th. Goldman Sachs Group set a $19.00 target price on shares of General Electric and gave the stock a “neutral” rating in a research report on Thursday, November 30th. Finally, Deutsche Bank decreased their target price on shares of General Electric from $18.00 to $15.00 and set a “sell” rating for the company in a research report on Tuesday, November 21st. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $23.33.

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One Response

  1. steve says:

    Clayton, Dubilier, and Rice recently got rid of the CEO of Brand Energy and the “President of Business Development” in Houston. Both were ex-GE guys. Now, it’s time to recover money from both of them.

    The ex-CEO brought in the ex-GE guy in Houston and paid him a ridiculous amount of money for nothing. They had to keep him on the road all the time because he couldn’t get along with anyone. Can you imagine how much that cost the company? The ex-CEO also sent him around to meet with all kinds of companies even though he was extremely obnoxious. Can you imagine how many companies he scared away and how much money was lost due to him? He was sent to Houston from California in 2011 because he was despised in California. The CEO wouldn’t fire him no matter what. Clayton lost a fortune because of those 2 guys. The ex-GE guy in Houston has the polish-looking last name.

    Clayton must recover money from those 2 guys and anyone else at Brand Energy that they think is liable. The ex-CEO was reckless when it came to hiring his friends and he allowed them to alienate employees and business partners. Clayton needs to investigate those 2 guys and their spending thoroughly. They need to bring in the appropriate agencies and firms for that. Clayton deserves to know why Brand went down the drain.

    Watch out for ex-GE guys. They play politics and form cliques and are a major problem in corporate America. Clayton, Dubilier, and Rice owns Brand Energy. Brand was ruined by ex-GE guys like the former CEO and the “President of Business Development” in Houston.

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