Rakuten Securities Inc. Invests $56,000 in General Electric (NYSE:GE)

Rakuten Securities Inc. bought a new stake in shares of General Electric (NYSE:GE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 440 shares of the conglomerate’s stock, valued at approximately $56,000.

Several other large investors have also recently made changes to their positions in GE. Prime Capital Investment Advisors LLC increased its position in shares of General Electric by 29.3% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 28,311 shares of the conglomerate’s stock valued at $3,613,000 after buying an additional 6,419 shares in the last quarter. Fifth Third Bancorp increased its holdings in General Electric by 12.5% in the 4th quarter. Fifth Third Bancorp now owns 261,187 shares of the conglomerate’s stock worth $33,335,000 after acquiring an additional 28,985 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in General Electric by 10.9% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 109,332 shares of the conglomerate’s stock worth $12,087,000 after acquiring an additional 10,722 shares in the last quarter. Hoey Investments Inc. raised its position in General Electric by 51,152.3% during the third quarter. Hoey Investments Inc. now owns 22,551 shares of the conglomerate’s stock worth $2,493,000 after acquiring an additional 22,507 shares during the period. Finally, Qsemble Capital Management LP purchased a new position in General Electric during the third quarter valued at $1,846,000. 74.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at General Electric

In related news, SVP Michael J. Holston sold 22,055 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total value of $3,195,107.85. Following the sale, the senior vice president now directly owns 56,284 shares in the company, valued at approximately $8,153,863.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other General Electric news, SVP Michael J. Holston sold 22,055 shares of General Electric stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the completion of the sale, the senior vice president now directly owns 56,284 shares in the company, valued at $8,153,863.08. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Michael J. Holston sold 13,601 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $135.55, for a total transaction of $1,843,615.55. Following the completion of the transaction, the senior vice president now owns 48,339 shares in the company, valued at $6,552,351.45. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

GE has been the subject of several research analyst reports. Oppenheimer restated a “market perform” rating on shares of General Electric in a research report on Tuesday, March 5th. Royal Bank of Canada decreased their target price on General Electric from $180.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft lowered their price target on General Electric from $210.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, April 3rd. Barclays reduced their price objective on General Electric from $181.00 to $175.00 and set an “overweight” rating for the company in a research note on Wednesday, April 3rd. Finally, StockNews.com began coverage on shares of General Electric in a research note on Saturday, April 13th. They set a “hold” rating on the stock. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $160.07.

General Electric Price Performance

General Electric stock opened at $155.67 on Thursday. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 0.69. The stock has a market cap of $170.19 billion, a P/E ratio of 18.60, a PEG ratio of 3.07 and a beta of 1.29. The company has a 50-day moving average price of $158.87 and a 200 day moving average price of $133.96. General Electric has a 12-month low of $76.87 and a 12-month high of $158.68.

General Electric (NYSE:GE) last announced its quarterly earnings results on Tuesday, January 23rd. The conglomerate reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.13. General Electric had a net margin of 13.95% and a return on equity of 10.88%. The business had revenue of $19.42 billion during the quarter, compared to the consensus estimate of $17.27 billion. During the same quarter last year, the firm earned $1.24 EPS. The business’s revenue was up 15.4% compared to the same quarter last year. Sell-side analysts anticipate that General Electric will post 3.78 earnings per share for the current year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Monday, April 15th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Friday, April 12th. This is a positive change from General Electric’s previous quarterly dividend of $0.08. General Electric’s dividend payout ratio is 13.38%.

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.