General Electric Company (NYSE:GE) marched up 4.3% compared to a 52-week low price of $17.46. The shares were last seen trading -0.22% lower, taking the closing price at $18.21 on 11/17/2017. At recent session, the prices were hovering between $18.21 and $18.47. This company shares are 39.48% off its target price of $25.4 and the current market capitalization stands at $157.79B. The recent change has given its price a -19.27% deficit over SMA 50 and -43.76% deficit over its 52-week high. The stock witnessed -22.77% declines, -25.64% declines and -35.38% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found GE’s volatility during a week at 5.53% and during a month it has been found around 3.45%.General Electric Company (GE) Top Holders
Institutional investors currently hold around $90.08 billion or 55.9% in GE stock. Look at its top three institutional owners. Vanguard Group Inc owns $11.08 billion in General Electric Company, which represents roughly 7.02% of the company’s market cap and approximately 12.3% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 524,056,888 shares of the stock are valued at $9.56 billion. The third largest holder is State Street Corp, which currently holds $6.09 billion worth of this stock and that ownership represents nearly 3.86% of its market capitalization.General Electric Company 13F Filings
At the end of 09/30/2017 reporting period, 794 institutional holders increased their position in General Electric Company (NYSE:GE) by some 367,588,713 shares, 1,211 decreased positions by 270,706,525 and 158 held positions by 4,297,507,456. That puts total institutional holdings at 4,935,802,694 shares, according to SEC filings. The stock grabbed 81 new institutional investments totaling 24,184,473 shares while 121 institutional investors sold out their entire positions totaling 24,803,224 shares.General Electric Company (NYSE:GE) Insider Trades
Multiple company employees have indulged in significant insider trading. General Electric Company disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Mollenkopf Steven M has acquired 5,500 shares of General Electric Company (GE) in trading session dated Nov. 16, 2017. These shares are worth $100,320 and were traded at $18.24 each. The SEC filing shows that Flannery John Leonard performed a purchase of 60,000 shares. The Chairman and CEO added these shares by way of transaction on Nov. 15, 2017. The company’s shares were assimilated at $18.27 per share worth to an investment of some $1,096,200 on account of Flannery John Leonard.
Director, Tisch James S, purchased 100,000 common shares of General Electric Company (GE) in the open market. In a transaction dated Aug. 22, 2017, the shares were bought at an average price of $24.56, giving away a sum of $2,456,000. After this purchase, 540,000 common shares of GE are directly owned by the insider, with total stake valued at $9,833,400.
In the transaction dated Aug. 09, 2017, the great number of shares disposed came courtesy the Vice Chairman; Comstock Elizabeth J disposed a total of 24,693 shares at an average price of $25.65, amounting to approximately $633,375. The insider now directly owns 204,521 shares worth $3,724,327.General Electric Company (GE) Analyst Guide
Several analysts have released their opinion on General Electric Company (NYSE:GE), with 5 analysts believing it is a strong buy. Whereas 4 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 4 strong sell ratings, collectively assigning a 2.74 average brokerage recommendation.