Atria Investments LLC Has $4.92 Million Holdings in General Electric Company (NYSE:GE)

Atria Investments LLC raised its holdings in General Electric Company (NYSE:GE) by 4.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 181,993 shares of the conglomerate’s stock after acquiring an additional 8,318 shares during the quarter. Atria Investments LLC’s holdings in General Electric were worth $4,916,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Windsor Financial Group LLC lifted its stake in General Electric by 497.6% in the first quarter. Windsor Financial Group LLC now owns 156,454 shares of the conglomerate’s stock valued at $4,662,000 after acquiring an additional 130,275 shares during the last quarter. Independence Trust CO lifted its stake in General Electric by 12.3% in the first quarter. Independence Trust CO now owns 90,467 shares of the conglomerate’s stock valued at $2,695,000 after acquiring an additional 9,890 shares during the last quarter. Berkshire Asset Management LLC PA lifted its stake in General Electric by 4.5% in the first quarter. Berkshire Asset Management LLC PA now owns 623,128 shares of the conglomerate’s stock valued at $18,569,000 after acquiring an additional 26,733 shares during the last quarter. Candriam Luxembourg S.C.A. raised its position in shares of General Electric by 134.7% in the first quarter. Candriam Luxembourg S.C.A. now owns 2,151,496 shares of the conglomerate’s stock valued at $64,118,000 after purchasing an additional 1,234,776 shares during the period. Finally, BTR Capital Management Inc. raised its position in shares of General Electric by 161.5% in the first quarter. BTR Capital Management Inc. now owns 198,551 shares of the conglomerate’s stock valued at $5,917,000 after purchasing an additional 122,617 shares during the period. Hedge funds and other institutional investors own 54.71% of the company’s stock.

A number of equities analysts have recently commented on the stock. BidaskClub raised shares of General Electric from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 17th. Vetr lowered shares of General Electric from a “buy” rating to a “hold” rating and set a $29.97 target price on the stock. in a research report on Monday, June 19th. Bank of America Corporation reaffirmed a “neutral” rating and set a $31.00 target price on shares of General Electric in a research report on Tuesday, June 13th. Cowen and Company reaffirmed a “market perform” rating and set a $30.00 target price on shares of General Electric in a research report on Tuesday, June 13th. Finally, CIBC reaffirmed a “market perform” rating on shares of General Electric in a research report on Wednesday, June 14th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. General Electric has a consensus rating of “Hold” and a consensus target price of $28.63.

Shares of General Electric Company (NYSE GE) traded down 0.25% during mid-day trading on Friday, hitting $24.18. The stock had a trading volume of 33,673,712 shares. The firm has a market capitalization of $209.35 billion, a PE ratio of 29.45 and a beta of 1.22. The stock’s 50-day moving average is $24.74 and its 200-day moving average is $27.46. General Electric Company has a 1-year low of $23.58 and a 1-year high of $32.38.

General Electric (NYSE:GE) last issued its earnings results on Friday, July 21st. The conglomerate reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.03. General Electric had a return on equity of 14.59% and a net margin of 6.45%. The firm had revenue of $29.56 billion for the quarter, compared to analysts’ expectations of $29.07 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. The business’s revenue was down 11.8% compared to the same quarter last year. Equities analysts expect that General Electric Company will post $1.56 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Monday, September 18th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.96 annualized dividend and a dividend yield of 3.97%. General Electric’s dividend payout ratio (DPR) is 118.52%.

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In other news, Director James E. Rohr bought 27,425 shares of General Electric stock in a transaction dated Monday, July 24th. The shares were purchased at an average cost of $25.50 per share, with a total value of $699,337.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alexander Dimitrief acquired 1,845 shares of General Electric stock in a transaction on Monday, July 24th. The shares were bought at an average cost of $25.54 per share, for a total transaction of $47,121.30. Following the completion of the purchase, the insider now directly owns 65,597 shares of the company’s stock, valued at $1,675,347.38. The disclosure for this purchase can be found here. Insiders bought 233,253 shares of company stock worth $5,860,264 over the last ninety days. Insiders own 0.36% of the company’s stock.

About General Electric

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

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