Titan Global Capital Management USA LLC Has $4.92 Million Holdings in General Electric (NYSE:GE)

Titan Global Capital Management USA LLC lowered its stake in shares of General Electric (NYSE:GE) by 8.3% during the fourth quarter, Holdings Channel reports. The fund owned 29,506 shares of the conglomerate’s stock after selling 2,682 shares during the period. General Electric makes up approximately 0.7% of Titan Global Capital Management USA LLC’s holdings, making the stock its 27th biggest holding. Titan Global Capital Management USA LLC’s holdings in General Electric were worth $4,921,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Truvestments Capital LLC grew its holdings in shares of General Electric by 26.2% during the fourth quarter. Truvestments Capital LLC now owns 236 shares of the conglomerate’s stock worth $39,000 after purchasing an additional 49 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE grew its holdings in General Electric by 17.6% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 334 shares of the conglomerate’s stock worth $56,000 after acquiring an additional 50 shares during the last quarter. Ballast Advisors LLC increased its position in General Electric by 2.5% in the 4th quarter. Ballast Advisors LLC now owns 2,093 shares of the conglomerate’s stock valued at $349,000 after acquiring an additional 51 shares during the period. Blue Barn Wealth LLC raised its stake in shares of General Electric by 3.8% during the fourth quarter. Blue Barn Wealth LLC now owns 1,466 shares of the conglomerate’s stock valued at $245,000 after acquiring an additional 54 shares during the last quarter. Finally, Game Plan Financial Advisors LLC lifted its holdings in shares of General Electric by 10.5% during the fourth quarter. Game Plan Financial Advisors LLC now owns 578 shares of the conglomerate’s stock worth $96,000 after purchasing an additional 55 shares during the period. 74.77% of the stock is owned by institutional investors.

General Electric Stock Performance

Shares of GE stock opened at $181.54 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The firm has a fifty day simple moving average of $198.78 and a two-hundred day simple moving average of $186.65. General Electric has a 12 month low of $146.78 and a 12 month high of $214.21. The firm has a market capitalization of $194.84 billion, a PE ratio of 30.31, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04.

General Electric (NYSE:GE) last posted its earnings results on Thursday, January 23rd. The conglomerate reported $1.32 EPS 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%. Analysts forecast that General Electric will post 5.4 EPS for the current fiscal year.

General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from General Electric’s previous quarterly dividend of $0.28. This represents a $1.44 annualized dividend and a dividend yield of 0.79%. General Electric’s dividend payout ratio is 24.04%.

Wall Street Analyst Weigh In

GE has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on General Electric from $190.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Citigroup lowered their price objective on General Electric from $235.00 to $227.00 and set a “buy” rating for the company in a research report on Thursday. Deutsche Bank Aktiengesellschaft reduced their target price on General Electric from $235.00 to $228.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Bank of America raised their price target on shares of General Electric from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Wells Fargo & Company dropped their price target on shares of General Electric from $250.00 to $203.00 and set an “overweight” rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $212.73.

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.