Cooper Financial Group Makes New $235,000 Investment in General Electric (NYSE:GE)

Cooper Financial Group bought a new stake in General Electric (NYSE:GE) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,337 shares of the conglomerate’s stock, valued at approximately $235,000.

Several other hedge funds have also made changes to their positions in GE. Halpern Financial Inc. increased its position in shares of General Electric by 968.4% during the 4th quarter. Halpern Financial Inc. now owns 203 shares of the conglomerate’s stock worth $25,000 after purchasing an additional 184 shares during the last quarter. Criterion Capital Advisors LLC purchased a new stake in shares of General Electric in the 4th quarter valued at approximately $27,000. CGC Financial Services LLC lifted its holdings in shares of General Electric by 90.2% in the 4th quarter. CGC Financial Services LLC now owns 232 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 110 shares during the last quarter. Capital Analysts LLC boosted its position in shares of General Electric by 55.8% during the 4th quarter. Capital Analysts LLC now owns 243 shares of the conglomerate’s stock worth $31,000 after purchasing an additional 87 shares during the period. Finally, Bfsg LLC acquired a new stake in General Electric in the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Insider Buying and Selling

In other news, SVP Russell Stokes sold 45,309 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $162.82, for a total transaction of $7,377,211.38. Following the completion of the transaction, the senior vice president now directly owns 112,958 shares of the company’s stock, valued at approximately $18,391,821.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.66% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. UBS Group raised their price target on General Electric from $191.00 to $201.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. StockNews.com started coverage on General Electric in a research note on Monday, April 29th. They issued a “hold” rating on the stock. Argus upped their target price on shares of General Electric from $170.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Jefferies Financial Group lifted their target price on General Electric from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Finally, Oppenheimer reissued a “market perform” rating on shares of General Electric in a research report on Tuesday, March 5th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $177.27.

General Electric Stock Down 1.4 %

Shares of General Electric stock opened at $161.98 on Monday. General Electric has a one year low of $82.69 and a one year high of $170.80. The company has a market cap of $177.30 billion, a P/E ratio of 53.85, a PEG ratio of 1.75 and a beta of 1.23. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.82 and a current ratio of 1.17. The firm has a fifty day moving average of $161.69 and a two-hundred day moving average of $150.20.

General Electric (NYSE:GE) last posted its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.17. General Electric had a net margin of 5.05% and a return on equity of 12.54%. The firm had revenue of $16.10 billion during the quarter, compared to analysts’ expectations of $15.25 billion. During the same period in the prior year, the company posted $0.27 earnings per share. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, analysts forecast that General Electric will post 3.99 earnings per share for the current year.

General Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be paid a $0.28 dividend. The ex-dividend date is Thursday, July 11th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.69%. General Electric’s dividend payout ratio (DPR) is presently 36.72%.

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.