State Street Corp now owns 1,793,466 shares of the company's stock worth $70,824,000 after buying an additional 71,660 shares in the last quarter. The Stock now has a Weekly Volatility of 0.90% and Monthly Volatility of 1.12%.
In other General Electric news, Chairman Jeffrey R. Immelt purchased 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 26th. Following the acquisition, the chairman now owns 2,198,688 shares in the company, valued at approximately $69,148,737.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Several institutional investors have recently added to or reduced their stakes in the stock. CA raised its position in shares of General Electric by 1.2% in the second quarter. The firm's revenue for the quarter was down 4.9% compared to the same quarter previous year. Osborn Rohs Williams & Donohoe Ltd boosted its position in shares of General Electric by 1.2% in the second quarter. Silvercrest Asset Management Group LLC now owns 1,332,985 shares of the company's stock worth $52,639,000 after buying an additional 23,865 shares in the last quarter. GW&K Investment Management LLC raised its stake in shares of Portland General Electric by 47.5% in the second quarter. General Electric Company makes up approx 0.90% of Raymond James Trust N.a.'s portfolio. The PEG ratio represents the ratio of the price to earnings to the anticipated future growth rate of the company. First PREMIER Bank now owns 74,098 shares of the company's stock valued at $2,332,000 after buying an additional 1,990 shares during the last quarter. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of USA and worldwide copyright law.
General Electric Company opened for trading at $28.96 and hit $29.03 on the upside on Friday, eventually ending the session at $28.89, with a gain of 0.42% or 0.12 points.
According to Financial Times, The 34 analysts offering 12 month price targets for Twitter Inc have a median target of 16.00, with a high estimate of 27.00 and a low estimate of 9.00. In the last month the stock has moved in price -1.53 per cent, with a one year change of 3.09%.
The investment management company now holds a total of 836,819 shares of General Electric Company which is valued at $24,175,701 after selling 2,405 shares in General Electric Company, the firm said in a disclosure report filed with the SEC on Oct 17, 2016.General Electric Company makes up approximately 2.48% of Chesley Taft Associates's portfolio.
FT reports, The 15 analysts offering 12 month price targets for General Electric Company have a median target of 32.00, with a high estimate of 38.00 and a low estimate of 28.00. For comparison, there was a revenue of $33.84B and EPS of $0.52 in the December 2015 period.
Analysts' mean recommendation for General Electric Company's (GE) stands at 2.20.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 25th. Pnc Financial Serv Gp accumulated 0% or 3,037 shares. The ex-dividend date is Thursday, September 15th.
El Paso Electric Company was upgraded to "buy" by analysts at Jefferies.
A number of other brokerages have also recently issued reports on GE. Royal Bank Of Canada restated an "outperform" rating on shares of General Electric in a research report on Monday, June 20th. In a research note issued on July 22, 2016, analysts at Standpoint Research issued its first rating on the stock at Sell. Finally, Sanford C. Bernstein restated a "market perform" rating and set a $34.00 price objective on shares of General Electric in a research report on Monday, June 27th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. They now have a United States dollars 52.5 price target on the stock.