General Electric Company (GE) Holdings Reduced by Bank of The Ozarks

Bank of The Ozarks trimmed its position in shares of General Electric Company (NYSE:GE) by 1.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,600 shares of the conglomerate’s stock after selling 1,781 shares during the quarter. General Electric accounts for approximately 0.9% of Bank of The Ozarks’ investment portfolio, making the stock its 19th largest position. Bank of The Ozarks’ holdings in General Electric were worth $2,636,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Walter & Keenan Financial Consulting Co. MI ADV boosted its stake in General Electric by 4.4% during the second quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 245,110 shares of the conglomerate’s stock worth $6,620,000 after buying an additional 10,230 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in General Electric by 4.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 29,006,605 shares of the conglomerate’s stock worth $783,469,000 after buying an additional 1,357,535 shares during the period. Wetherby Asset Management Inc. boosted its stake in General Electric by 1.5% during the second quarter. Wetherby Asset Management Inc. now owns 199,811 shares of the conglomerate’s stock worth $5,397,000 after buying an additional 2,896 shares during the period. Palisade Asset Management LLC boosted its stake in General Electric by 10.1% during the second quarter. Palisade Asset Management LLC now owns 385,404 shares of the conglomerate’s stock worth $10,410,000 after buying an additional 35,495 shares during the period. Finally, Pointe Capital Management LLC lifted its position in shares of General Electric by 28.0% during the second quarter. Pointe Capital Management LLC now owns 19,838 shares of the conglomerate’s stock worth $536,000 after purchasing an additional 4,344 shares during the last quarter. 54.29% of the stock is owned by institutional investors.

GE has been the subject of several research analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $26.00 target price on shares of General Electric in a research report on Thursday, October 12th. Morgan Stanley reiterated an “equal weight” rating and set a $26.00 target price (down from $27.00) on shares of General Electric in a research report on Monday, July 24th. J P Morgan Chase & Co decreased their target price on General Electric from $19.00 to $17.00 and set an “underweight” rating for the company in a research report on Wednesday, November 1st. Vetr upgraded General Electric from a “strong sell” rating to a “sell” rating and set a $21.74 target price for the company in a research report on Tuesday, October 10th. Finally, Bank of America Corporation upgraded General Electric from a “neutral” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Monday, October 23rd. Six research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. General Electric has an average rating of “Hold” and a consensus target price of $25.55.

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In other General Electric news, Director James S. Tisch purchased 100,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The shares were acquired at an average price of $24.56 per share, for a total transaction of $2,456,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.36% of the company’s stock.

General Electric Company (NYSE:GE) opened at $20.49 on Monday. The company has a market cap of $177,777.73, a PE ratio of 16.53, a price-to-earnings-growth ratio of 2.15 and a beta of 1.11. The company has a quick ratio of 1.53, a current ratio of 1.86 and a debt-to-equity ratio of 1.14. General Electric Company has a fifty-two week low of $19.63 and a fifty-two week high of $32.38.

General Electric (NYSE:GE) last announced its earnings results on Friday, October 20th. The conglomerate reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.20). The firm had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $32.51 billion. General Electric had a return on equity of 13.72% and a net margin of 6.08%. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 earnings per share. equities analysts predict that General Electric Company will post 1.06 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Monday, September 18th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, September 15th. This represents a $0.96 dividend on an annualized basis and a yield of 4.69%. General Electric’s dividend payout ratio is presently 120.00%.

General Electric Profile

Institutional Ownership by Quarter for General Electric (NYSE:GE)

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