Trust Co. of Toledo NA OH Buys 1,399 Shares of General Electric (NYSE:GE)

Trust Co. of Toledo NA OH increased its stake in General Electric (NYSE:GE) by 43.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,637 shares of the conglomerate’s stock after acquiring an additional 1,399 shares during the period. Trust Co. of Toledo NA OH’s holdings in General Electric were worth $773,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Fiduciary Alliance LLC raised its stake in General Electric by 176.7% in the fourth quarter. Fiduciary Alliance LLC now owns 3,528 shares of the conglomerate’s stock worth $588,000 after buying an additional 2,253 shares in the last quarter. Winthrop Advisory Group LLC grew its holdings in General Electric by 14.6% in the fourth quarter. Winthrop Advisory Group LLC now owns 1,689 shares of the conglomerate’s stock worth $282,000 after purchasing an additional 215 shares during the period. Clark & Stuart Inc purchased a new stake in General Electric in the fourth quarter worth about $291,000. Czech National Bank grew its holdings in General Electric by 6.2% in the fourth quarter. Czech National Bank now owns 234,663 shares of the conglomerate’s stock worth $39,139,000 after purchasing an additional 13,778 shares during the period. Finally, Graypoint LLC grew its holdings in General Electric by 3.4% in the fourth quarter. Graypoint LLC now owns 8,624 shares of the conglomerate’s stock worth $1,438,000 after purchasing an additional 282 shares during the period. 74.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GE. Bank of America upped their price objective on shares of General Electric from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Northcoast Research began coverage on shares of General Electric in a report on Tuesday, January 7th. They issued a “neutral” rating on the stock. UBS Group upped their price objective on shares of General Electric from $223.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Royal Bank of Canada cut their price objective on shares of General Electric from $210.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company increased their price target on shares of General Electric from $210.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, General Electric currently has an average rating of “Moderate Buy” and a consensus target price of $201.47.

Insiders Place Their Bets

In other General Electric news, SVP Riccardo Procacci sold 7,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $181.13, for a total value of $1,267,910.00. Following the transaction, the senior vice president now directly owns 13,289 shares in the company, valued at approximately $2,407,036.57. This trade represents a 34.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Russell Stokes sold 15,550 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $178.29, for a total transaction of $2,772,409.50. Following the completion of the transaction, the senior vice president now owns 148,857 shares in the company, valued at $26,539,714.53. The trade was a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

General Electric Stock Down 0.1 %

Shares of General Electric stock opened at $171.48 on Tuesday. The company has a market cap of $185.59 billion, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 1.63 and a beta of 1.19. The company’s 50 day moving average is $174.34 and its 200 day moving average is $173.62. General Electric has a twelve month low of $100.95 and a twelve month high of $194.80. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.95.

General Electric (NYSE:GE) last issued its quarterly earnings data on Tuesday, October 22nd. The conglomerate reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The company had revenue of $9.84 billion for the quarter, compared to the consensus estimate of $9.02 billion. General Electric had a net margin of 11.48% and a return on equity of 18.93%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.82 earnings per share. Research analysts anticipate that General Electric will post 4.24 EPS for the current year.

General Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a $0.28 dividend. The ex-dividend date is Friday, December 27th. This represents a $1.12 annualized dividend and a yield of 0.65%. General Electric’s payout ratio is presently 19.68%.

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.