WoodTrust Financial Corp Has $873,000 Stake in General Electric (NYSE:GE)

WoodTrust Financial Corp reduced its holdings in General Electric (NYSE:GE) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,233 shares of the conglomerate’s stock after selling 152 shares during the quarter. WoodTrust Financial Corp’s holdings in General Electric were worth $873,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Clear Creek Financial Management LLC increased its position in General Electric by 17.0% in the 3rd quarter. Clear Creek Financial Management LLC now owns 1,963 shares of the conglomerate’s stock valued at $370,000 after acquiring an additional 285 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of General Electric by 11.0% during the third quarter. Van ECK Associates Corp now owns 184,956 shares of the conglomerate’s stock valued at $33,605,000 after purchasing an additional 18,340 shares during the last quarter. Donaldson Capital Management LLC increased its holdings in shares of General Electric by 17.3% in the third quarter. Donaldson Capital Management LLC now owns 1,861 shares of the conglomerate’s stock valued at $351,000 after purchasing an additional 274 shares in the last quarter. Catalyst Capital Advisors LLC raised its position in General Electric by 117.7% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 270 shares of the conglomerate’s stock worth $51,000 after purchasing an additional 146 shares during the last quarter. Finally, FSM Wealth Advisors LLC lifted its holdings in General Electric by 4.9% during the 3rd quarter. FSM Wealth Advisors LLC now owns 5,257 shares of the conglomerate’s stock worth $991,000 after buying an additional 245 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GE shares. Bank of America lifted their target price on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Citigroup lifted their price objective on General Electric from $216.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Northcoast Research assumed coverage on shares of General Electric in a research report on Tuesday, January 7th. They set a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of General Electric from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company increased their price objective on shares of General Electric from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, General Electric currently has an average rating of “Moderate Buy” and a consensus price target of $211.31.

General Electric Stock Down 1.6 %

NYSE:GE opened at $198.82 on Wednesday. General Electric has a 1 year low of $125.26 and a 1 year high of $212.19. The stock has a 50-day moving average price of $191.44 and a two-hundred day moving average price of $182.63. The stock has a market cap of $213.39 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 2.59 and a beta of 1.22. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88.

General Electric (NYSE:GE) last issued its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.27. General Electric had a return on equity of 22.19% and a net margin of 14.31%. As a group, equities analysts expect that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.72%. This is a positive change from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio (DPR) is presently 24.04%.

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.