Slagle Financial LLC Reduces Stake in General Electric

Slagle Financial LLC has recently reduced its investment in General Electric (NYSE:GE) by 13.2% in the fourth quarter. This information was disclosed through their latest Form 13F filing with the Securities and Exchange Commission (SEC). After this divestment, Slagle Financial now owns 19,490 shares of the company, which is down by 2,972 shares compared to the previous period. Currently, General Electric makes up about 1.5% of Slagle Financial's total holdings, placing it as the 24th largest investment in their portfolio.

As of the latest filing, the value of Slagle Financial's shares in General Electric stands at approximately $3,251,000. This is a notable stake for an institutional investor, highlighting the importance of General Electric in their overall portfolio.

Changes in Other Institutional Investments

Several other institutional investors have also made adjustments to their positions in General Electric recently. Norges Bank, for instance, acquired a new stake worth around $2.375 billion during the fourth quarter. Additionally, Janus Henderson Group PLC significantly increased its holdings by 505.8% in the third quarter, now owning 1,908,434 shares valued at $359.8 million after adding 1,593,413 shares. Furthermore, Raymond James Financial Inc. entered a new investment in General Electric with a value of roughly $194 million during the same period.

Franklin Resources Inc. has also amplified its stake by 206.5% in the last quarter, upgrading its total to 1,444,466 shares worth about $278.2 million. State Street Corp. adjusted its position by incrementally increasing its holdings by 2.1% in the third quarter, now representing a significant 43,322,827 shares valued at approximately $8.18 billion. These movements indicate an ongoing interest among institutional investors in General Electric, with 74.77% of the company's stock currently held by such investors.

General Electric's Stock Overview

The stock of General Electric opened at $206.11 on the latest trading day. Currently, the company's 50-day simple moving average is $201.18, while the 200-day moving average is $186.12. General Electric maintains a debt-to-equity ratio of 0.88, with a current ratio of 1.09 and a quick ratio at 0.81. Over the past year, the stock has ranged from a low of $133.99 to a high of $214.21. The company's total market capitalization stands at approximately $221.21 billion, with a price-to-earnings (P/E) ratio of 34.41.

Dividend Update

Recently, General Electric announced an increase in its quarterly dividend. Shareholders will receive a dividend of $0.36 per share, payable on April 25th, with record holders as of March 10th. This new dividend reflects an increase from the previous $0.28 per share, resulting in an annualized dividend of $1.44 and a dividend yield of 0.70%. The current payout ratio is approximately 24.04%, indicating a sustainable level of dividend payments in relation to earnings.

Analyst Insights

General Electric's stock has been under review from various analysts recently. Redburn Atlantic started coverage with a "buy" recommendation and a price target set at $250.00. Meanwhile, Deutsche Bank Aktiengesellschaft has adjusted its target from $235.00 to $228.00 but maintains a "buy" recommendation. Royal Bank of Canada reaffirmed its "outperform" rating with a target of $200.00. In contrast, UBS Group raised its price target from $215.00 to $235.00 and reiterated a "buy" rating. Lastly, JPMorgan Chase & Co. has also raised its price objective from $190.00 to $210.00, giving it an "overweight" rating. Currently, two analysts suggest a hold rating, while fifteen recommend buying the stock. General Electric holds an average rating of "Moderate Buy" with an average price target of $211.31.

General Electric Company Overview

General Electric Company, also known as GE Aerospace, is involved in designing and producing engines for commercial and defense aircraft, along with integrated engine components and mechanical aircraft systems. The firm also provides aftermarket services that support its diverse range of products, operating across various regions, including the United States, Europe, and Asia.

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