ARGI Investment Services liquidates 2.9% shares of General Electric

ARGI Investment Services LLC Sells 1,658 Shares of General Electric

ARGI Investment Services LLC reduced its holdings in General Electric (GE) by 2.9% during the 4th quarter, according to its recent filing with the Securities and Exchange Commission. The fund owned 56,354 GE shares after selling 1,658 shares during the period. Other large investors such as International Assets Investment Management LLC, Pzena Investment Management LLC, Vanguard Group Inc., Barclays PLC, and Rockefeller Capital Management L.P. have also recently added or reduced their stakes in GE. GE stock Price increased by 0.2% during midday trading on Thursday, hitting $98.66. The conglomerate reported $1.24 earnings per share for the quarter and is expected to post 1.99 EPS for the current fiscal year. GE also announced a quarterly dividend of $0.08 per share, which will be paid on Tuesday, April 25th.

GE Stock Analysis & Forecast

According to 21 analysts, the average target price for General Electric Company stock over the next 12 months is USD 91.80 with a Strong Buy rating. However, Stock Target Advisor’s analysis of the stock is Bearish, based on 3 positive signals and 12 negative signals. General Electric Company’s stock price closed at USD 99.03, which is a 5.24% increase over the past week, 9.68% increase over the past month, and 7.76% increase over the last year.

GE Ratings by Stock Target Advisor

Company Overview

General Electric Company is a multinational industrial company operating in various regions worldwide. It specializes in providing gas and steam turbines, power generation solutions, wind energy solutions, grid solutions, and hydro solutions, among others. The company also produces commercial and military aircraft engines, healthcare technologies, and offers various financial solutions. General Electric Company is headquartered in Boston, Massachusetts, and has been operating since 1892.

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