Board Director Buys Shares of General Electric Company (GE)

On Jan. 21st, James Rohr, Board Director at General Electric Company (NYSE:GE), acquired his first 10,000 shares of Common Stock for approximately $300,000. In two separate transactions, the insider paid $26.19 per share for the first 4,200 and $26.18 per share, for the remaining 5,800. Since he was elected in September 2013, the director just initiated the holding, and these 10,000 shares are all that he owns.

Best Financial Services Companies to Work For

General Electric Company (NYSE:GE) is the largest U.S. traded diversified industrials company, with a market capitalization of more than $260 billion. Opinion among analysts is quite divided in relation to this company. About half of them rate is as a buy case, and the other half, as a hold case. However, the balance is generally tilted towards a buy or overweight recommendation (Barrons/WSJ, Morningstar, Yahoo! Finance), mainly in account of its stability, scale, market position, below average valuation (at 18.6x P/E, versus an industry average of 21x) and dividend yield (usually above 3% of the stock price).

After having escalated substantially over 2013, this year started with the stock in a steep decline. Since Jan. 1st, the stock is down about 8%, which opens an interesting entry point for investors.

A few days ago, General Electric Company (NYSE:GE) reported  fourth-quarter 2013 operating earnings of $5.4 billion, with earnings per share of $0.53, up 20% from the fourth quarter of 2012. Revenue of $40.38 billion beat analysts’ estimates by $160 million. Nonetheless, the stock price continued to drop, and now stands slightly above $25 per share, close to the 52-week range median.

Despite this decline, it is not only analysts and Mr. Rohrr that like General Electric Company (NYSE:GE). Most of the top hedge fund bulls declared on their last 13F filings that they had increased their stakes in the company. For instance, Phill Gross and Robert Atchinson’s Adage Capital Management increased its holdings by 8%, and now owns 14.79 million shares, which comprise about 1% of its total equity portfolio. John A. Levin (Levin Capital Strategies) seems to feel even more bullish, since he last upped his bets by 320%, to 10.87 million shares –which account for 4.4% of the value of the fund’s total holdings.

Other prominent investors worth mentioning are D. E. Shaw, fourth largest bull, who last declared having augmented his position by 10%, to 9.385 million shares, and Jim Simons (Renaissance Technologies) who started a position in the company during Q3, with 6.5 million shares.

On the other hand, Ken Fisher’s Fisher Asset Management, the largest hedge fund bull, slightly decreased his stakes at General Electric Company (NYSE:GE) over the fourth quarter of 2013 (same as in the previous quarter). After getting rid of approximately 310,000 shares, Fisher’s fund still owns 29.7 million shares, about double in comparison with its closest follower.

 

Disclosure: Javier Hasse holds no position in any stocks mentioned

Recommended Reading:

Opko Health Inc. (OPK) and Aircastle Limited (AYR) Among 5 Stocks with One Insider Making Repeated Purchases

The CEO and President Ups His Stakes at Carmike Cinemas, Inc. (CKEC)

An Insider’s Bet on American Campus Communities (ACC)

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!