Skip to main content

Stock Update: General Electric Company (NYSE:GE) – GE and State Street Corporation Announce Agreement for State Street to Acquire GE Asset Management for up to $485 Million

[Business Wire] – GE and State Street Corporation today announced an agreement for State Street to acquire GE Asset Management , GE’s investment management arm, for up to $485 million, subject to adjustments. Read more on this. General Electric Company (GE) , currently valued at $296.39B, opened at $31.76. A quick look at the market, the company’s stock traded between $31.73 and $31.95 with its 52-week range being $19.37 to $31.95. General Electric (GE) shares are currently priced at 20.99x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.04x earnings multiple for the same period. And for passive income investors, the company pays shareholders $0.92 per share annually in dividends, yielding 2.96%. Consensus earnings for the current quarter by the 14 sell-side analysts covering the stock is an estimate of $0.19 per share, which would be $0.01 worse than the year-ago quarter and a $0.07 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $1.50 would be a $0.19 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $28.24 Billion. If reported, that would be a 3.81% decrease over the year-ago quarter. Recently, UBS Initiated GE at Buy (Jan 22, 2015). Previously, RBC Capital Mkts Initiated GE at to Outperform. Investors should keep in mind is that the average price target is $32.69, which is 2.93% above where the stock opened this morning. See more in (NYSE:GE) Similar Articles: Market Update: General Electric Company (NYSE:GE) – Jump Capital, GE Ventures and Two Roads Join $13.5 Million Series B Investment in Sight Machine Stock Update: General Electric Company (NYSE:GE) – Diversified Machinery Equities Technical Briefing — General Electric, Danaher, Honeywell Intl., and 3M Co. Stock Update: General Electric Company (NYSE:GE) – General Electric to move headquarters to Boston – report
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.