TD Private Client Wealth LLC Sells 796 Shares of General Electric (NYSE:GE)

TD Private Client Wealth LLC decreased its holdings in shares of General Electric (NYSE:GE) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,767 shares of the conglomerate’s stock after selling 796 shares during the period. TD Private Client Wealth LLC’s holdings in General Electric were worth $3,297,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GE. Truepoint Inc. grew its stake in shares of General Electric by 20.4% in the 4th quarter. Truepoint Inc. now owns 2,793 shares of the conglomerate’s stock worth $466,000 after buying an additional 473 shares during the last quarter. Ballast Advisors LLC grew its stake in shares of General Electric by 2.5% in the 4th quarter. Ballast Advisors LLC now owns 2,093 shares of the conglomerate’s stock worth $349,000 after buying an additional 51 shares during the last quarter. HUB Investment Partners LLC grew its stake in shares of General Electric by 10.6% in the 4th quarter. HUB Investment Partners LLC now owns 7,857 shares of the conglomerate’s stock worth $1,310,000 after buying an additional 753 shares during the last quarter. Whittier Trust Co. grew its stake in shares of General Electric by 4.3% in the 4th quarter. Whittier Trust Co. now owns 10,982 shares of the conglomerate’s stock worth $1,832,000 after buying an additional 450 shares during the last quarter. Finally, Blueshift Asset Management LLC purchased a new stake in shares of General Electric in the 4th quarter worth approximately $347,000. Institutional investors own 74.77% of the company’s stock.

General Electric Trading Up 0.0 %

Shares of General Electric stock opened at $203.99 on Friday. The firm has a 50-day simple moving average of $198.63 and a two-hundred day simple moving average of $184.87. The company has a market cap of $218.94 billion, a P/E ratio of 34.06, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. General Electric has a fifty-two week low of $133.99 and a fifty-two week high of $212.19. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.81 and a current ratio of 1.09.

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

General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 10th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Monday, March 10th. This is an increase from General Electric’s previous quarterly dividend of $0.28. General Electric’s dividend payout ratio is 24.04%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GE. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of General Electric in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. increased their target price on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Redburn Atlantic assumed coverage on General Electric in a research note on Tuesday, February 18th. They set a “buy” rating and a $250.00 target price on the stock. Bank of America increased 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. Finally, Deutsche Bank Aktiengesellschaft cut their target price on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $211.31.

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.