Trade Report: The Strategic Financial Services Inc invests in 2,305 by purchasing General Electric Co. (GE) shares

The Strategic Financial Services Inc invests in 2,305 by purchasing General Electric Co. (GE) shares

Strategic Financial Services Inc raised its stake in General Electric Co. (NYSE:GE) by 1.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 191,346 shares of the company’s stock after buying an additional 2,305 shares during the period. General Electric accounts for 1.2% of Strategic Financial Services Inc’s investment portfolio, making the stock its 11th largest position. Strategic Financial Services Inc’s holdings in General Electric were worth $5,959,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Rockefeller Financial Services Inc. boosted its position in General Electric by 7.0% in the second quarter. Rockefeller Financial Services Inc. now owns 318,258 shares of the company’s stock worth $10,019,000 after buying an additional 20,893 shares during the last quarter. RS Investment Management Co. LLC boosted its position in General Electric by 0.3% in the second quarter. RS Investment Management Co. LLC now owns 1,090,981 shares of the company’s stock worth $34,344,000 after buying an additional 2,955 shares during the last quarter. MSI Financial Services Inc boosted its position in General Electric by 5.1% in the second quarter. MSI Financial Services Inc now owns 697,010 shares of the company’s stock worth $21,942,000 after buying an additional 33,634 shares during the last quarter. Appleton Partners Inc. MA boosted its position in General Electric by 3.1% in the second quarter. Appleton Partners Inc. MA now owns 265,352 shares of the company’s stock worth $8,353,000 after buying an additional 7,908 shares during the last quarter. Finally, Charter Trust Co. boosted its position in General Electric by 1.5% in the second quarter. Charter Trust Co. now owns 1,235,479 shares of the company’s stock worth $38,893,000 after buying an additional 18,811 shares during the last quarter. Institutional investors and hedge funds own 55.81% of the company’s stock.

Shares of General Electric Co. (NYSE:GE) traded up 2.06% during trading on Friday, hitting $29.22. The stock had a trading volume of 67,870,824 shares. The firm has a market cap of $260.17 billion, a P/E ratio of 25.19 and a beta of 1.15. The firm has a 50 day moving average price of $29.37 and a 200 day moving average price of $30.52. General Electric Co. has a 12-month low of $27.10 and a 12-month high of $33.00.

General Electric (NYSE:GE) last issued its quarterly earnings data on Friday, October 21st. The company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. General Electric had a return on equity of 16.07% and a net margin of 8.93%. The firm earned $29.30 billion during the quarter, compared to analyst estimates of $29.64 billion. During the same quarter in the prior year, the business posted $0.29 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities analysts expect that General Electric Co. will post $1.49 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 25th. Investors of record on Monday, September 19th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Thursday, September 15th. General Electric’s payout ratio is 80.00%.

GE has been the subject of a number of research analyst reports. Vetr cut General Electric from a “hold” rating to a “sell” rating and set a $30.71 target price for the company. in a research note on Wednesday, July 6th. Credit Suisse Group AG restated a “buy” rating on shares of General Electric in a research note on Saturday, July 9th. Zacks Investment Research upgraded General Electric from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Standpoint Research initiated coverage on General Electric in a research note on Friday, July 22nd. They issued a “sell” rating and a $26.00 target price for the company. Finally, Citigroup Inc. restated a “buy” rating and issued a $36.00 target price on shares of General Electric in a research note on Monday, July 25th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. General Electric currently has a consensus rating of “Hold” and an average price target of $32.54.

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