General Electric (GE) Stake Lessened by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. decreased its holdings in General Electric (NYSE:GE) by 5.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,686,524 shares of the conglomerate’s stock after selling 91,649 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in General Electric were worth $40,829,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Ffcm LLC acquired a new stake in shares of General Electric in the second quarter valued at $114,000. MPS Loria Financial Planners LLC acquired a new stake in shares of General Electric in the second quarter valued at $113,000. Corbenic Partners LLC lifted its holdings in shares of General Electric by 15.7% in the second quarter. Corbenic Partners LLC now owns 5,340 shares of the conglomerate’s stock valued at $144,000 after buying an additional 725 shares during the period. Bristlecone Advisors LLC acquired a new stake in shares of General Electric in the third quarter valued at $164,000. Finally, Tuttle Tactical Management LLC acquired a new stake in shares of General Electric in the second quarter valued at $209,000. 56.42% of the stock is owned by institutional investors.

Shares of General Electric (NYSE:GE) opened at $15.10 on Tuesday. The stock has a market capitalization of $129,717.69, a PE ratio of 14.23, a P/E/G ratio of 2.83 and a beta of 1.00. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.87 and a quick ratio of 1.59. General Electric has a one year low of $13.95 and a one year high of $30.54.

General Electric (NYSE:GE) last announced its quarterly earnings data on Wednesday, January 24th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). The business had revenue of $31.40 billion during the quarter, compared to analysts’ expectations of $33.93 billion. General Electric had a positive return on equity of 11.60% and a negative net margin of 4.74%. The firm’s revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 earnings per share. analysts predict that General Electric will post 0.99 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Monday, February 26th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.18%. The ex-dividend date is Friday, February 23rd. General Electric’s dividend payout ratio is currently -66.67%.

In other General Electric news, insider Alexander Dimitrief acquired 2,689 shares of General Electric stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average cost of $16.16 per share, with a total value of $43,454.24. Following the purchase, the insider now owns 81,185 shares in the company, valued at $1,311,949.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

Several brokerages have recently weighed in on GE. TheStreet lowered General Electric from a “c” rating to a “d+” rating in a report on Wednesday, January 24th. UBS Group set a $16.00 target price on General Electric and gave the company a “neutral” rating in a report on Wednesday, March 7th. Cowen reaffirmed a “market perform” rating and set a $15.00 target price (down from $17.00) on shares of General Electric in a report on Monday, February 26th. Stifel Nicolaus reduced their target price on General Electric from $18.00 to $17.00 and set a “hold” rating for the company in a report on Tuesday, January 30th. Finally, JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of General Electric in a report on Monday, February 26th. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $18.44.

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General Electric Profile

General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division.

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

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