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Iron Gate Global Advisors sold shares of GE, despite the company reporting strong earnings and raising its dividend.
Investment firm Iron Gate Global Advisors reduced its holdings in General Electric (GE) by 14.5% in the fourth quarter, selling 239 shares and now holding 1,413 shares valued at $236,000.
General Electric reported a strong quarter with earnings per share of $1.32, beating estimates by $0.27.
The company also announced a quarterly dividend increase to $0.36 per share, up from $0.28, with a yield of 0.78%.
GE's stock has a "Moderate Buy" rating and an average price target of $213.33.
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Iron Gate Global Advisors vendió acciones de GE, a pesar de que la compañía informó de fuertes ganancias y aumentó su dividendo.