35,806 Shares in General Electric (NYSE:GE) Acquired by Jefferies Financial Group Inc.

by · The Cerbat Gem

Jefferies Financial Group Inc. purchased a new position in shares of General Electric (NYSE:GE – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,806 shares of the conglomerate’s stock, valued at approximately $3,933,000.

A number of other large investors have also added to or reduced their stakes in GE. Steward Financial Group LLC acquired a new stake in shares of General Electric in the 2nd quarter valued at $26,000. Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of General Electric by 808.1% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 336 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 299 shares in the last quarter. Motco boosted its holdings in shares of General Electric by 143.0% in the 2nd quarter. Motco now owns 294 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 173 shares in the last quarter. Financial Freedom LLC acquired a new stake in shares of General Electric in the 4th quarter valued at $32,000. Finally, Mizuho Securities Co. Ltd. acquired a new stake in shares of General Electric in the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 74.83% of the company’s stock.

General Electric Stock Down 0.0 %

Shares of NYSE:GE opened at $119.80 on Thursday. The firm has a market cap of $130.39 billion, a P/E ratio of 13.51, a P/E/G ratio of 3.46 and a beta of 1.28. The company has a quick ratio of 0.82, a current ratio of 1.17 and a debt-to-equity ratio of 0.65. General Electric has a 12-month low of $59.57 and a 12-month high of $123.25. The business has a fifty day simple moving average of $113.39 and a 200 day simple moving average of $111.24.

General Electric (NYSE:GE – Get Free Report) last posted its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.26. General Electric had a return on equity of 11.10% and a net margin of 14.38%. The firm had revenue of $17.35 billion during the quarter, compared to analyst estimates of $15.46 billion. During the same period last year, the company posted $0.35 EPS. The business’s quarterly revenue was up 19.9% on a year-over-year basis. Analysts predict that General Electric will post 2.65 earnings per share for the current year.

General Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Tuesday, September 26th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.27%. The ex-dividend date was Monday, September 25th. General Electric’s dividend payout ratio (DPR) is presently 3.61%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GE. StockNews.com began coverage on General Electric in a report on Thursday, October 5th. They issued a “buy” rating on the stock. Barclays raised their target price on General Electric from $131.00 to $133.00 and gave the company an “overweight” rating in a report on Wednesday, October 25th. TheStreet cut General Electric from a “b-” rating to a “c” rating in a research note on Tuesday, October 24th. Deutsche Bank Aktiengesellschaft began coverage on General Electric in a research note on Wednesday, September 27th. They issued a “buy” rating and a $141.00 price target for the company. Finally, Morgan Stanley increased their price target on General Electric from $122.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $122.93.

Get Our Latest Analysis on General Electric

General Electric Company Profile

(Free Report)

General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers.

See Also

Want to see what other hedge funds are holding GE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Electric (NYSE:GE – Free Report).