Tsfg LLC Acquires General Electric (GE) Stock.

General Electric

According to Holdings Channel, Tsfg LLC took a new stake in General Electric stock (NYSE:GE) in the second quarter. The fund paid around $64,000 for 1,000 shares of GE stock (NYSE:GE).

Recently, a number of additional institutional investors and hedge funds have modified their stakes in the company.

General Electric Stock Is Down 2.1%.

On Thursday, GE stock (NYSE:GE) started at $65.22. The 12-month low for General Electric is $59.93, and the 12-month high is $116.17. The debt-to-equity ratio is 0.77, the current ratio is 1.13, and the quick ratio is 0.80. The company’s 50-day moving average is $72.83, and its 200-day moving average is $77.23.

On Tuesday, July 26th, General Electric (NYSE:GE) released its quarterly earnings results. The company earned $0.78 per share for the quarter, exceeding analysts’ expected projections of $0.38 by $0.40. During the quarter, the company’s sales were $18.65 billion, compared to the average expectation of $17.90 billion. General Electric had a 7.50% positive return on equity and a 5.94% negative net margin.

The New General Electric Stock Price Targets Set by Analysts

GE stock (NYSE:GE) has been discussed by many brokerage firms (NYSE:GE). In a research report on Friday, July 8th, Barclays reduced their price objective on GE stock (NYSE:GE) from $96.00 to $81.00 and gave the company an “overweight” rating. In research issued on Wednesday, July 27th, Deutsche Bank Aktiengesellschaft cut their target price on GE stock (NYSE:GE) from $90.00 to $88.00. In a research report issued on Thursday, August 4th, UBS Group reduced their price target on GE stock (NYSE:GE) from $113.00 to $87.00 and assigned the stock a “buy” rating. In a research report issued on Thursday, June 23rd, Goldman Sachs Group reduced their target price for General Electric from $108.00 to $82.00 and assigned the company a “buy” rating. Finally, in a report on Wednesday, July 27th, Credit Suisse Group decreased their target price on GE stock (NYSE:GE) from $86.00 to $84.00 and assigned the company an “outperform” rating. The stock has a hold rating from three research analysts and a buy rating from eleven.MarketBeat reports that the company has a consensus rating of “Moderate Buy” with a price target of $99.15.

The General Electric Company

General Electric Company is a high-tech industrial conglomerate with operations in Europe, China, Asia, the Americas, the Middle East, and Africa. It operates in four business segments: power, renewable energy, aviation, and healthcare. For power generating, industrial, government, and other clients, the Power business provides gas and steam turbines, comprehensive balance of plant, upgrade, service solutions, and data-leveraging software.

Featured Image – Megapixl ©  Jetcityimage 

Please See Disclaimer

About the author: Okoro Chinedu is a freelance writer specializing in health and finance, with a keen interest in cryptocurrency and blockchain technology. He has worked in content creation and digital journalism. Since 2019, he has written on various online platforms, and his work has been recognized by several important media sources and specialists in finance and crypto. In addition to writing, Chinedu enjoys reading, playing football, posing as a medical student, and traveling.