Clarius Group LLC Grows Position in General Electric (GE)

Clarius Group LLC lifted its holdings in General Electric (NYSE:GE) by 16.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,865 shares of the conglomerate’s stock after acquiring an additional 3,864 shares during the period. Clarius Group LLC’s holdings in General Electric were worth $379,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Franklin Resources Inc. boosted its stake in shares of General Electric by 11.0% in the 1st quarter. Franklin Resources Inc. now owns 204,957,949 shares of the conglomerate’s stock valued at $2,762,834,000 after purchasing an additional 20,275,020 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of General Electric by 43.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 90,257,543 shares of the conglomerate’s stock valued at $1,216,672,000 after purchasing an additional 27,527,425 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of General Electric by 15.2% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 74,590,954 shares of the conglomerate’s stock valued at $1,005,486,000 after purchasing an additional 9,835,343 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of General Electric by 8.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 34,433,303 shares of the conglomerate’s stock valued at $464,161,000 after purchasing an additional 2,736,657 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of General Electric by 6.0% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 26,814,410 shares of the conglomerate’s stock valued at $364,944,000 after purchasing an additional 1,507,722 shares in the last quarter. Institutional investors and hedge funds own 53.79% of the company’s stock.

Shares of NYSE GE opened at $12.56 on Friday. The company has a market capitalization of $105.84 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 2.39 and a beta of 0.96. General Electric has a 1 year low of $11.21 and a 1 year high of $23.84. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.81 and a quick ratio of 1.51.

General Electric (NYSE:GE) last issued its quarterly earnings data on Friday, July 20th. The conglomerate reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The business had revenue of $30.10 billion during the quarter, compared to analyst estimates of $29.39 billion. General Electric had a negative net margin of 6.59% and a positive return on equity of 10.40%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business earned $0.21 EPS. Analysts forecast that General Electric will post 0.93 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 25th. Investors of record on Monday, September 17th will be issued a $0.12 dividend. The ex-dividend date is Friday, September 14th. This represents a $0.48 dividend on an annualized basis and a yield of 3.82%. General Electric’s dividend payout ratio (DPR) is presently 45.71%.

In other General Electric news, Director H Lawrence Culp, Jr. acquired 191,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 24th. The stock was acquired at an average price of $13.04 per share, for a total transaction of $2,490,640.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.12% of the stock is owned by company insiders.

A number of equities research analysts have recently weighed in on the stock. Credit Suisse Group assumed coverage on shares of General Electric in a research note on Friday, October 12th. They issued a “neutral” rating and a $14.00 price target on the stock. Gordon Haskett assumed coverage on shares of General Electric in a research note on Friday, October 12th. They issued a “sell” rating on the stock. Citigroup reduced their price target on shares of General Electric from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 9th. Barclays upgraded shares of General Electric from an “equal weight” rating to an “overweight” rating and set a $16.00 price target on the stock in a research note on Monday, October 8th. Finally, Morningstar set a $16.10 price target on shares of General Electric and gave the company a “buy” rating in a research note on Monday, October 8th. Six analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $16.26.

General Electric Profile

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.

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

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