Atria Wealth Solutions Inc. Trims Stock Holdings in General Electric (NYSE:GE)

Atria Wealth Solutions Inc. trimmed its position in General Electric (NYSE:GE) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,846 shares of the conglomerate’s stock after selling 534 shares during the period. Atria Wealth Solutions Inc.’s holdings in General Electric were worth $5,852,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. WCM Investment Management LLC bought a new stake in General Electric in the fourth quarter worth $520,488,000. Brown Advisory Inc. increased its position in shares of General Electric by 265.7% in the third quarter. Brown Advisory Inc. now owns 3,008,425 shares of the conglomerate’s stock valued at $332,581,000 after acquiring an additional 2,185,793 shares during the period. International Assets Investment Management LLC increased its position in shares of General Electric by 11,947.8% during the fourth quarter. International Assets Investment Management LLC now owns 1,576,570 shares of the conglomerate’s stock valued at $201,218,000 after buying an additional 1,563,484 shares during the period. Carmignac Gestion purchased a new position in shares of General Electric during the third quarter valued at about $133,581,000. Finally, AQR Capital Management LLC increased its position in shares of General Electric by 358.4% during the third quarter. AQR Capital Management LLC now owns 1,456,673 shares of the conglomerate’s stock valued at $161,035,000 after buying an additional 1,138,896 shares during the period. 74.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other General Electric news, SVP Michael J. Holston sold 22,055 shares of General Electric stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $144.87, for a total value of $3,195,107.85. Following the completion of the transaction, the senior vice president now directly owns 56,284 shares of the company’s stock, valued at approximately $8,153,863.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other General Electric news, SVP Michael J. Holston sold 13,601 shares of General Electric stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $135.55, for a total value of $1,843,615.55. Following the completion of the transaction, the senior vice president now directly owns 48,339 shares of the company’s stock, valued at approximately $6,552,351.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael J. Holston sold 22,055 shares of General Electric stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $144.87, for a total transaction of $3,195,107.85. Following the completion of the transaction, the senior vice president now directly owns 56,284 shares of the company’s stock, valued at $8,153,863.08. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

General Electric Stock Performance

Shares of NYSE GE opened at $162.31 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 1.17. The company has a market cap of $177.67 billion, a P/E ratio of 53.22, a P/E/G ratio of 3.03 and a beta of 1.29. The firm’s fifty day moving average is $160.72 and its two-hundred day moving average is $136.09. General Electric has a 52-week low of $77.28 and a 52-week high of $163.65.

General Electric (NYSE:GE) last announced its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The company had revenue of $16.10 billion for the quarter, compared to the consensus estimate of $15.25 billion. During the same period in the previous year, the firm posted $0.27 EPS. General Electric’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, analysts anticipate that General Electric will post 3.95 EPS for the current fiscal year.

General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were paid a $0.28 dividend. This is a boost from General Electric’s previous quarterly dividend of $0.08. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Friday, April 12th. General Electric’s dividend payout ratio (DPR) is presently 36.72%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. StockNews.com assumed coverage on shares of General Electric in a research note on Sunday, April 21st. They set a “hold” rating for the company. Bank of America raised their target price on shares of General Electric from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday. TD Cowen upgraded shares of General Electric from a “hold” rating to a “buy” rating and raised their target price for the stock from $175.00 to $180.00 in a report on Tuesday, April 9th. TheStreet upgraded shares of General Electric from a “c+” rating to a “b+” rating in a research note on Tuesday, January 23rd. Finally, Argus raised their price objective on shares of General Electric from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, General Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $170.00.

About General Electric

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.